Ascent Group LLC Has $10.05 Million Stake in The Home Depot, Inc. $HD

Key Points

• Ascent Group LLC has reduced its stake in The Home Depot, holding 27,398 shares worth approximately $10.05 million after a sale of 2,132 shares in the second quarter.
• Home Depot reported second quarter earnings of $4.68 per share, slightly missing analyst estimates, with revenue of $45.28 billion which was a 4.9% increase from the previous year.
• The company recently declared a quarterly dividend of $2.30 per share, reflecting a yield of 2.3% and a payout ratio of 62.50%.

Ascent Group LLC decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 7.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,398 shares of the home improvement retailer's stock after selling 2,132 shares during the quarter. Ascent Group LLC's holdings in Home Depot were worth $10,045,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Legend Financial Advisors Inc. bought a new stake in shares of Home Depot during the second quarter worth about $28,000. Abound Financial LLC bought a new stake in shares of Home Depot during the first quarter worth about $31,000. Iron Horse Wealth Management LLC grew its holdings in shares of 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 worth $36,000 after purchasing an additional 46 shares during the last quarter. Global X Japan Co. Ltd. bought a new stake in shares of Home Depot during the second quarter worth about $40,000. Finally, Compass Financial Services Inc bought a new stake in shares of Home Depot during the first quarter worth about $41,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Price Performance

Shares of HD opened at $394.88 on Friday. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The business's 50 day moving average price is $402.63 and its two-hundred day moving average price is $376.21. The firm has a market cap of $393.06 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 3.75 and a beta of 1.00.

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

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a $2.30 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.3%. Home Depot's payout ratio is 62.50%.

Insider Transactions at Home Depot

In other Home Depot news, EVP Angie Brown sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edward P. Decker sold 32,897 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total value of $13,067,346.34. Following the transaction, the chief executive officer directly owned 122,425 shares in the company, valued at $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on HD. Truist Financial boosted their price target on Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Wells Fargo & Company boosted their price target on Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Mizuho upped their target price on Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Telsey Advisory Group reiterated an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Finally, Wolfe Research initiated coverage on Home Depot in a report on Thursday, September 18th. They issued an "outperform" rating and a $497.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $436.40.

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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