Gradient Investments LLC Acquires 1,948 Shares of The Home Depot, Inc. $HD

Gradient Investments LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,889 shares of the home improvement retailer’s stock after purchasing an additional 1,948 shares during the period. Gradient Investments LLC’s holdings in Home Depot were worth $15,352,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Legend Financial Advisors Inc. bought a new position in Home Depot in the second quarter valued at approximately $28,000. Sagard Holdings Management Inc. acquired a new stake in shares of Home Depot during the second quarter worth $29,000. LFA Lugano Financial Advisors SA bought a new stake in Home Depot in the 2nd quarter valued at $32,000. Legacy Investment Solutions LLC bought a new stake in Home Depot in the 2nd quarter valued at $35,000. Finally, Delos Wealth Advisors LLC acquired a new position in Home Depot in the 2nd quarter worth $39,000. 70.86% of the stock is owned by institutional investors.

Insider Activity

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of the company’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 sale, the executive vice president owned 12,320 shares in the company, valued at $4,413,763.20. This represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Angie Brown sold 1,946 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $357.63, for a total value of $695,947.98. Following the completion of the sale, the executive vice president directly owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. The trade was a 33.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.10% of the company’s stock.

Home Depot Trading Down 1.2%

NYSE HD opened at $352.88 on Wednesday. The company has a market cap of $351.30 billion, a PE ratio of 24.05, a PEG ratio of 13.30 and a beta of 1.06. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $426.75. The stock has a 50 day moving average of $367.01 and a 200-day moving average of $379.19.

Home Depot (NYSE:HD) last issued its 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). The firm had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.Home Depot’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

Wall Street Analysts Forecast Growth

HD has been the topic of a number of research reports. The Goldman Sachs Group restated a “buy” rating and issued a $413.00 price target on shares of Home Depot in a report on Wednesday, December 10th. Royal Bank Of Canada cut their target price on Home Depot from $376.00 to $366.00 and set a “sector perform” rating on the stock in a research note on Wednesday, December 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Home Depot in a research report on Monday. 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 report on Wednesday, November 19th. Finally, HSBC cut their price objective on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $401.57.

Home Depot Company 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.