5,149 Shares in The Home Depot, Inc. $HD Purchased by Clarion Wealth Managment Partners LLC

Clarion Wealth Managment Partners LLC bought a new stake in The Home Depot, Inc. (NYSE:HD) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,149 shares of the home improvement retailer’s stock, valued at approximately $1,888,000. Home Depot accounts for about 2.1% of Clarion Wealth Managment Partners LLC’s portfolio, making the stock its 9th largest holding.

Several other institutional investors also recently made changes to their positions in the stock. Mainstay Capital Management LLC ADV acquired a new position in shares of Home Depot in the 2nd quarter worth $263,000. WealthPlan Investment Management LLC acquired a new position in shares of Home Depot in the 2nd quarter valued at $1,149,000. Tower View Wealth Management LLC boosted its position in shares of Home Depot by 4.3% in the 2nd quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock valued at $5,938,000 after purchasing an additional 671 shares during the period. Ransom Advisory Ltd purchased a new position in Home Depot in the 1st quarter worth about $3,851,000. Finally, Shell Asset Management Co. raised its holdings in Home Depot by 45.2% during the 2nd quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock worth $17,663,000 after buying an additional 15,002 shares during the period. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Up 0.6%

HD stock opened at $359.52 on Monday. The company has a 50 day moving average of $368.34 and a two-hundred day moving average of $379.38. The company has a market cap of $357.90 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 13.40 and a beta of 1.06. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $426.75. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The company had revenue of $41.35 billion during the quarter, compared to analyst estimates of $41.06 billion. During the same period last year, the company posted $3.78 earnings per share. The company’s revenue was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.6%. Home Depot’s dividend payout ratio (DPR) is 62.71%.

Analysts Set New Price Targets

Several research analysts have commented on HD shares. HSBC decreased their target price on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a report on Wednesday, November 19th. Truist Financial reduced their price target on shares of Home Depot from $379.00 to $375.00 and set a “buy” rating for the company in a research report on Wednesday, December 10th. Gordon Haskett lowered their price objective on shares of Home Depot from $345.00 to $330.00 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. Royal Bank Of Canada cut their target price on shares of Home Depot from $376.00 to $366.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Finally, Morgan Stanley restated an “outperform” rating on shares of Home Depot in a report on Wednesday. Twenty-one analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $401.17.

Insider Activity

In related news, EVP Ann Marie Campbell sold 145 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total value of $51,947.70. Following the completion of the sale, the executive vice president owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. The trade was a 1.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.