Belpointe Asset Management LLC Has $5.67 Million Position in The Home Depot, Inc. $HD

Key Points

• Belpointe Asset Management LLC increased its stake in The Home Depot, Inc. by 25.9% during the first quarter, holding 15,470 shares valued at approximately $5.67 million.
• Insider trading saw significant sales, with EVP Teresa Wynn Roseborough selling 5,483 shares for over $2.26 million, marking a 25.45% decrease in her ownership.
• Home Depot announced a quarterly dividend of $2.30 per share, representing an annual yield of 2.2%, to be paid on September 18th to investors recorded by September 4th.

Belpointe Asset Management LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 25.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,470 shares of the home improvement retailer's stock after acquiring an additional 3,181 shares during the quarter. Belpointe Asset Management LLC's holdings in Home Depot were worth $5,670,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new stake in Home Depot in the 1st quarter valued at $406,000. Wealth Management Partners LLC boosted its stake in Home Depot by 0.6% in the 1st quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock valued at $2,384,000 after purchasing an additional 36 shares during the period. Arbor Capital Management Inc. ADV boosted its stake in Home Depot by 4.8% in the 1st quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock valued at $1,757,000 after purchasing an additional 221 shares during the period. ARS Wealth Advisors Group LLC boosted its stake in Home Depot by 0.8% in the 1st quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock valued at $11,628,000 after purchasing an additional 239 shares during the period. Finally, Tabor Asset Management LP bought a new stake in Home Depot in the 1st quarter valued at $5,886,000. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the sale, the executive vice president directly owned 16,057 shares in the company, valued at $6,635,234.11. This represents a 25.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Angie Brown sold 1,000 shares of the company's stock in a transaction 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 sale, the executive vice president owned 3,837 shares of the company's stock, valued at approximately $1,550,416.59. This represents a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,532 shares of company stock worth $18,648,987 over the last quarter. 0.10% of the stock is currently owned by company insiders.

Home Depot Price Performance

Shares of HD stock opened at $415.53 on Wednesday. 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 twelve month low of $326.31 and a twelve month high of $439.37. The company has a market cap of $413.61 billion, a P/E ratio of 28.23, a P/E/G ratio of 3.98 and a beta of 1.00. The business has a fifty day simple moving average of $387.12 and a 200 day simple moving average of $371.68.

Home Depot (NYSE:HD - Get Free Report) last announced 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). 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 the consensus estimate of $45.43 billion. During the same quarter in the prior year, the company earned $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, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors 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 dividend yield of 2.2%. The ex-dividend date is Thursday, September 4th. Home Depot's dividend payout ratio is currently 62.50%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. TD Securities downgraded Home Depot to a "buy" rating in a research note on Monday, June 2nd. Stifel Nicolaus upped their target price on Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a research report on Monday, August 18th. Robert W. Baird upped their target price on Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. Truist Financial upped their target price on Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Finally, Guggenheim reiterated a "buy" rating and set a $450.00 target price on shares of Home Depot in a research report on Wednesday, May 21st. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Home Depot currently has an average rating of "Moderate Buy" and an average target price of $432.52.

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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