Ascent Group LLC Acquires 699 Shares of The Home Depot, Inc. $HD

Key Points

• Ascent Group LLC increased its stake in The Home Depot, acquiring an additional 699 shares, bringing its total holdings to 29,530 shares valued at approximately $10.8 million.
• The Home Depot CEO, Edward P. Decker, sold 32,897 shares of the company's stock, resulting in a 21.18% decrease in his ownership.
• Analysts have set new price targets for Home Depot, with estimates ranging from $360.00 to $450.00, reflecting a generally positive outlook on the company's stock performance.

Ascent Group LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,530 shares of the home improvement retailer's stock after buying an additional 699 shares during the period. Ascent Group LLC's holdings in Home Depot were worth $10,822,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HD. Abound Financial LLC purchased a new stake in Home Depot during the first quarter valued at about $31,000. Iron Horse Wealth Management LLC raised its position in Home Depot by 86.8% during the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock valued at $36,000 after purchasing an additional 46 shares in the last quarter. Quest 10 Wealth Builders Inc. raised its position in Home Depot by 35.7% during the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock valued at $42,000 after purchasing an additional 30 shares in the last quarter. Spurstone Advisory Services LLC purchased a new stake in Home Depot during the fourth quarter valued at about $45,000. Finally, Vega Investment Solutions purchased a new stake in Home Depot during the fourth quarter valued at about $46,000. Institutional investors own 70.86% of the company's stock.

Insider Buying and Selling at Home Depot

In other news, CEO Edward P. Decker sold 32,897 shares of Home Depot stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the transaction, the chief executive officer directly owned 122,425 shares in the company, valued at approximately $48,629,658.50. This trade represents a 21.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the transaction, the executive vice president owned 16,057 shares of the company's stock, valued at $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,532 shares of company stock worth $18,648,987. Insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HD. Gordon Haskett raised their price objective on Home Depot from $350.00 to $360.00 in a research note on Tuesday, May 20th. Truist Financial raised their price objective on Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Guggenheim reaffirmed a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research note on Wednesday, May 21st. Stifel Nicolaus raised their price objective on Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a research note on Monday, August 18th. Finally, Mizuho raised their target price on Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $432.52.

Home Depot Stock Up 1.7%

NYSE HD opened at $418.70 on Monday. The business's 50-day moving average is $385.21 and its 200 day moving average is $371.13. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The stock has a market capitalization of $416.77 billion, a PE ratio of 28.44, a PEG ratio of 3.97 and a beta of 1.00. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37.

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

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. Home Depot's payout ratio is presently 62.50%.

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.

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