Castleview Partners LLC Buys 1,474 Shares of The Home Depot, Inc. $HD

Key Points

• Castleview Partners LLC increased its stake in The Home Depot by 38.4%, now holding a total of 5,309 shares valued at approximately $1.946 million.
• Home Depot's latest earnings report showed earnings per share of $4.68, slightly missing estimates, with revenue up 4.9% to $45.28 billion.
• The company announced a quarterly dividend of $2.30 per share, representing an annualized yield of 2.2% and a payout ratio of 62.50%.

Castleview Partners LLC boosted its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 38.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,309 shares of the home improvement retailer's stock after purchasing an additional 1,474 shares during the period. Home Depot comprises approximately 1.3% of Castleview Partners LLC's portfolio, making the stock its 18th biggest holding. Castleview Partners LLC's holdings in Home Depot were worth $1,946,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Abound Financial LLC bought a new position in Home Depot during the first quarter worth about $31,000. Iron Horse Wealth Management LLC lifted its stake in shares of Home Depot by 86.8% during the 1st 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. purchased a new stake in shares of Home Depot during the 2nd quarter valued at approximately $40,000. Compass Financial Services Inc bought a new position in Home Depot in the 1st quarter worth approximately $41,000. Finally, Livelsberger Financial Advisory purchased a new position in Home Depot in the 2nd quarter valued at approximately $41,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Shares of HD opened at $409.77 on Thursday. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The company has a market cap of $407.88 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 3.90 and a beta of 1.00. The stock has a 50-day moving average price of $397.87 and a 200-day moving average price of $374.09.

Home Depot (NYSE:HD - Get Free Report) last announced 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 net margin of 8.86% and a return on equity of 193.99%. The company had revenue of $45.28 billion during the quarter, compared to analysts' expectations of $45.43 billion. During the same period in the prior year, the business earned $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. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors 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 dividend on an annualized basis and a yield of 2.2%. Home Depot's payout ratio is presently 62.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HD shares. DA Davidson restated a "buy" rating and set a $450.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Mizuho increased their price objective on Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Robert W. Baird lifted their target price on Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Wolfe Research assumed coverage on shares of Home Depot in a report on Thursday, September 18th. They issued an "outperform" rating and a $497.00 price target on the stock. Finally, JPMorgan Chase & Co. cut their price objective on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $437.08.

Insiders Place Their Bets

In other news, CFO Richard V. Mcphail sold 3,369 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 of the company's stock, valued at $1,550,416.59. This trade represents a 20.67% 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. Company insiders own 0.10% of the company's stock.

About Home Depot

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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