Calton & Associates Inc. Has $3.32 Million Stock Holdings in The Home Depot, Inc. $HD

Key Points

• Calton & Associates Inc. increased its stake in The Home Depot by 25.6% in the first quarter, now holding shares valued at $3.32 million.
• CEO Edward P. Decker sold 32,897 shares of Home Depot stock, reducing his ownership by 21.18%, as insiders sold a total of 46,532 shares valued at approximately $18.6 million over the last 90 days.
• Home Depot reported a quarterly EPS of $4.68, missing estimates by 1 cent, with revenues of $45.28 billion reflecting a 4.9% year-over-year increase.

Calton & Associates Inc. increased its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 25.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,049 shares of the home improvement retailer's stock after purchasing an additional 1,844 shares during the quarter. Calton & Associates Inc.'s holdings in Home Depot were worth $3,316,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. acquired a new position in Home Depot during the 1st quarter worth approximately $406,000. Wealth Management Partners LLC increased its position in Home Depot by 0.6% during the 1st quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after purchasing an additional 36 shares in the last quarter. Arbor Capital Management Inc. ADV increased its position 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 acquiring an additional 221 shares during the period. ARS Wealth Advisors Group LLC increased its position 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 acquiring an additional 239 shares during the period. Finally, Tabor Asset Management LP acquired a new position in Home Depot in the 1st quarter valued at approximately $5,886,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Home Depot

In related news, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William D. Bastek sold 3,783 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the transaction, the executive vice president directly owned 24,235 shares in the company, valued at approximately $9,941,924.05. This represents a 13.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,532 shares of company stock valued at $18,648,987 over the last 90 days. Insiders own 0.10% of the company's stock.

Home Depot Trading Down 0.1%

NYSE:HD opened at $407.04 on Friday. The firm's fifty day moving average is $380.40 and its 200-day moving average is $371.14. 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 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 $405.16 billion, a P/E ratio of 27.65, a P/E/G ratio of 3.86 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 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 firm had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same period in the prior year, the company posted $4.60 earnings per share. 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. Equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.3%. Home Depot's dividend payout ratio is currently 62.50%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Telsey Advisory Group restated an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. Robert W. Baird upped their price target on shares of Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. Guggenheim restated a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research report on Wednesday, May 21st. Truist Financial upped their price target on shares of Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Finally, Gordon Haskett upped their price target on shares of Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. One investment 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 company's stock. Based on data from MarketBeat, the company currently has a consensus 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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