Focus Partners Advisor Solutions LLC Increases Stock Position in The Home Depot, Inc. $HD

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in The Home Depot by 13.3%, owning 23,590 shares worth approximately $8.645 million at the end of the first quarter.
• Analysts are optimistic about Home Depot, setting a consensus target price of $432.52, with most ratings being "Buy" or "Outperform."
• The Home Depot announced a quarterly dividend of $2.30, representing an annualized total of $9.20 and a dividend yield of 2.3%.

Focus Partners Advisor Solutions LLC boosted its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 13.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,590 shares of the home improvement retailer's stock after acquiring an additional 2,778 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Home Depot were worth $8,645,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Abound Financial LLC bought a new stake in Home Depot in the first quarter valued at approximately $31,000. Iron Horse Wealth Management LLC raised its position in shares of 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 worth $36,000 after purchasing an additional 46 shares during the period. Quarry LP grew its holdings in Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock worth $37,000 after buying an additional 66 shares in the last quarter. Quest 10 Wealth Builders Inc. grew its holdings in Home Depot by 35.7% during the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock worth $42,000 after buying an additional 30 shares in the last quarter. Finally, Spurstone Advisory Services LLC purchased a new position in Home Depot in the fourth quarter worth $45,000. 70.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Robert W. Baird boosted their target price on Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. Evercore ISI set a $400.00 price target on shares of Home Depot and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Telsey Advisory Group reiterated an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. JPMorgan Chase & Co. cut their target price 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. Finally, Stifel Nicolaus boosted their target price on shares of Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $432.52.

Insider Transactions at Home Depot

In other news, EVP William D. Bastek sold 3,783 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the completion of the sale, the executive vice president owned 24,235 shares in the company, valued at $9,941,924.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Angie Brown sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the transaction, the executive vice president owned 3,837 shares in the company, valued at $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. In the last 90 days, insiders have sold 46,532 shares of company stock valued at $18,648,987. 0.10% of the stock is currently owned by company insiders.

Home Depot Stock Performance

Home Depot stock traded up $7.01 during midday trading on Friday, hitting $418.70. 5,853,458 shares of the company were exchanged, compared to its average volume of 3,557,511. The firm has a market capitalization of $416.77 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 3.86 and a beta of 1.00. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The business has a fifty day simple moving average of $384.20 and a two-hundred day simple moving average of $371.35. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS 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 company had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. During the same period last year, the business earned $4.60 earnings per share. The firm's revenue was up 4.9% on a year-over-year basis. 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 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, September 4th. Home Depot's payout ratio is 62.50%.

Home Depot 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.