The Home Depot, Inc. $HD Stock Position Reduced by Baugh & Associates LLC

Key Points

• Baugh & Associates LLC reduced its stake in The Home Depot by 4.5%, owning 25,868 shares worth approximately $8.77 million, making it the firm's 5th largest investment.
• The Home Depot's Q2 earnings reported an EPS of $4.68, slightly missing estimates, with revenue at $45.28 billion, reflecting a 4.9% year-over-year increase.
• Home Depot declared a quarterly dividend of $2.30 per share, yielding a 2.2%, with a payout ratio currently at 62.50%.

Baugh & Associates LLC decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 4.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,868 shares of the home improvement retailer's stock after selling 1,210 shares during the quarter. Home Depot makes up about 4.5% of Baugh & Associates LLC's investment portfolio, making the stock its 5th biggest holding. Baugh & Associates LLC's holdings in Home Depot were worth $8,772,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Abound Financial LLC acquired a new position in shares of Home Depot in the 1st quarter valued at $31,000. Iron Horse Wealth Management LLC raised its stake 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 buying an additional 46 shares in the last quarter. Global X Japan Co. Ltd. acquired a new stake in shares of Home Depot in the second quarter worth $40,000. Compass Financial Services Inc acquired a new stake in Home Depot during the first quarter worth about $41,000. Finally, Livelsberger Financial Advisory bought a new position in Home Depot in the 2nd quarter worth approximately $41,000. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Performance

Shares of HD stock traded down $1.71 during mid-day trading on Friday, hitting $415.77. The stock had a trading volume of 6,709,599 shares, compared to its average volume of 3,792,485. 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 firm has a market cap of $413.85 billion, a PE ratio of 28.25, a PEG ratio of 3.94 and a beta of 1.00. The company's 50-day simple moving average is $394.94 and its 200-day simple moving average is $373.33. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same period last year, the company posted $4.60 earnings per share. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current 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 given a $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.2%. Home Depot's dividend payout ratio (DPR) is currently 62.50%.

Insider Activity at Home Depot

In related news, CFO Richard V. Mcphail sold 3,369 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the sale, the chief financial officer directly owned 45,455 shares in the company, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the transaction, the executive vice president directly owned 16,057 shares of the company's stock, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,835 shares of company stock valued at $19,623,432 over the last 90 days. Corporate insiders own 0.10% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on HD. Truist Financial lifted their target price on shares of Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. DA Davidson restated a "buy" rating and issued a $450.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Mizuho boosted their price target 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. JPMorgan Chase & Co. lowered their target price on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Finally, Wolfe Research started coverage on Home Depot in a research report on Thursday. They set an "outperform" rating and a $497.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and an average target price of $435.00.

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.