WT Wealth Management Has $2.61 Million Position in The Home Depot, Inc. $HD

WT Wealth Management lessened its position in The Home Depot, Inc. (NYSE:HD) by 21.4% during the third quarter, Holdings Channel reports. The institutional investor owned 6,444 shares of the home improvement retailer’s stock after selling 1,755 shares during the quarter. WT Wealth Management’s holdings in Home Depot were worth $2,611,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Legend Financial Advisors Inc. acquired a new stake in shares of Home Depot in the second quarter valued at approximately $28,000. Sagard Holdings Management Inc. bought a new position in Home Depot in the second quarter valued at $29,000. LFA Lugano Financial Advisors SA acquired a new stake in Home Depot in the 2nd quarter valued at $32,000. Dougherty Wealth Advisers LLC acquired a new stake in Home Depot in the 3rd quarter valued at $38,000. Finally, Legacy Investment Solutions LLC bought a new stake in Home Depot during the 2nd quarter worth about $35,000. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HD. Wolfe Research raised their price objective on Home Depot from $414.00 to $415.00 and gave the company an “outperform” rating in a report on Monday, December 22nd. Wall Street Zen downgraded Home Depot from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Bank of America lowered their price target on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. Sanford C. Bernstein reissued a “market perform” rating and issued a $362.00 price objective on shares of Home Depot in a report on Monday, November 24th. Finally, 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 research note on Wednesday, November 19th. Twenty-one analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $402.10.

Insider Buying and Selling

In related news, EVP Angie Brown sold 1,946 shares of Home Depot stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $357.63, for a total transaction of $695,947.98. Following the completion of the sale, the executive vice president 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ann Marie Campbell sold 145 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the completion of the transaction, the executive vice president directly owned 12,320 shares in the company, valued at approximately $4,413,763.20. This represents a 1.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 4,963 shares of company stock valued at $1,748,845. Company insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

Shares of NYSE HD opened at $344.20 on Tuesday. 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 company has a market capitalization of $342.65 billion, a P/E ratio of 23.46, a P/E/G ratio of 12.88 and a beta of 1.08. 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 $356.34 and a 200-day moving average of $377.84.

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 net margin of 8.77% and a return on equity of 160.74%. The business had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter last year, the company posted $3.78 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.71%.

Home Depot Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.