11,683 Shares in The Home Depot, Inc. $HD Acquired by Divergent Planning LLC

Key Points

• Divergent Planning LLC acquired 11,683 shares of The Home Depot, valued at approximately $4.28 million, during the second quarter.
• CEO Edward P. Decker sold 32,897 shares at an average price of $397.22, representing a 21.18% decrease in his holdings.
• Home Depot reported an earnings per share (EPS) of $4.68 for the last quarter, slightly missing analysts' expectations of $4.69.

Divergent Planning LLC bought a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,683 shares of the home improvement retailer's stock, valued at approximately $4,283,000.

A number of other large investors have also added to or reduced their stakes in the company. Legend Financial Advisors Inc. acquired a new stake in shares of Home Depot during the second quarter worth approximately $28,000. Abound Financial LLC acquired a new stake in Home Depot in the first quarter valued at $31,000. Iron Horse Wealth Management LLC grew its holdings in Home Depot by 86.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock worth $36,000 after acquiring an additional 46 shares in the last quarter. Global X Japan Co. Ltd. acquired a new position in Home Depot during the 2nd quarter worth $40,000. Finally, GFG Capital LLC bought a new stake in shares of Home Depot in the 2nd quarter worth about $40,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total value of $13,067,346.34. Following the completion of the sale, the chief executive officer owned 122,425 shares in the company, valued at $48,629,658.50. This represents a 21.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the sale, the executive vice president directly owned 3,837 shares of the company's stock, valued at approximately $1,550,416.59. The trade was a 20.67% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is currently owned by company insiders.

Home Depot Trading Down 0.8%

Shares of NYSE:HD opened at $388.91 on Tuesday. The company has a 50 day moving average of $403.72 and a 200-day moving average of $378.37. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The firm has a market cap of $387.12 billion, a P/E ratio of 26.42, a P/E/G ratio of 3.72 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). The firm had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.Home Depot's revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot's payout ratio is 62.50%.

Analyst Ratings Changes

A number of research firms recently commented on HD. Weiss Ratings reiterated a "buy (b)" rating on shares of Home Depot in a research note on Wednesday, October 8th. Telsey Advisory Group reiterated an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a report on Tuesday, August 19th. Morgan Stanley upped their price target on Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday, August 20th. Mizuho lifted their price objective on shares of Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Finally, DA Davidson reissued a "buy" rating and set a $450.00 target price on shares of Home Depot in a report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Home Depot presently has a consensus rating of "Moderate Buy" and an average price target of $435.42.

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.

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