Atria Wealth Solutions Inc. Lowers Stock Holdings in The Home Depot, Inc. $HD

Key Points

• Atria Wealth Solutions Inc. has reduced its stake in The Home Depot, Inc. by 60.0%, now owning 24,021 shares valued at approximately $8.83 million.
• CEO Edward P. Decker sold 32,897 shares of Home Depot stock, decreasing his ownership by 21.18%, while other executives also sold shares leading to significant insider transactions.
• Analysts are optimistic about Home Depot's prospects, with multiple firms raising their price targets, resulting in an average target of $435.42 and a consensus rating of "Moderate Buy".

Atria Wealth Solutions Inc. trimmed its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 60.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,021 shares of the home improvement retailer's stock after selling 36,097 shares during the period. Atria Wealth Solutions Inc.'s holdings in Home Depot were worth $8,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in HD. Mainstay Capital Management LLC ADV purchased a new stake in shares of Home Depot in the 2nd quarter worth approximately $263,000. Tower View Wealth Management LLC lifted its position in shares of Home Depot by 4.3% in the 2nd quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer's stock worth $5,938,000 after purchasing an additional 671 shares during the period. Ransom Advisory Ltd purchased a new stake in shares of Home Depot in the 1st quarter worth approximately $3,851,000. Shell Asset Management Co. lifted its position in shares of Home Depot by 45.2% in the 2nd quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer's stock worth $17,663,000 after purchasing an additional 15,002 shares during the period. Finally, Financial Gravity Asset Management Inc. purchased a new stake in shares of Home Depot in the 1st quarter worth approximately $406,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Edward P. Decker sold 32,897 shares of the company's stock in a transaction 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 sale, the chief executive officer directly owned 122,425 shares of the company's stock, valued at $48,629,658.50. This represents a 21.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Angie Brown sold 1,000 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the completion of the sale, the executive vice president directly owned 3,837 shares in the company, valued at $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,835 shares of company stock worth $19,623,432. Company insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

HD has been the subject of several research reports. Oppenheimer upped their price target on shares of Home Depot from $400.00 to $420.00 and gave the stock a "market perform" rating in a research report on Thursday, September 25th. Stifel Nicolaus upped their price target on shares of Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. DA Davidson reaffirmed a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Morgan Stanley upped their price target on shares of Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. Finally, Wells Fargo & Company upped their price target on shares of Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $435.42.

Home Depot Trading Up 1.0%

NYSE HD opened at $379.36 on Tuesday. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The firm has a market cap of $377.61 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 3.57 and a beta of 1.00. The company has a 50 day moving average price of $403.51 and a 200 day moving average price of $377.45.

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 analysts' consensus estimates of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same quarter in the previous year, the company posted $4.60 EPS. The company's revenue for the quarter 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. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

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