Founders Capital Management Sells 4,465 Shares of The Home Depot, Inc. $HD

Key Points

• Founders Capital Management reduced its holdings in The Home Depot, Inc. by 76.1%, selling 4,465 shares to own 1,401 shares worth $513,000.
• Several analysts have issued positive ratings for Home Depot, with target prices ranging from $420.00 to $497.00, reflecting strong growth expectations.
• The company announced a quarterly dividend of $2.30, with a yield of 2.3%, and its dividend payout ratio is currently 62.50%.

Founders Capital Management cut its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 76.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,401 shares of the home improvement retailer's stock after selling 4,465 shares during the period. Founders Capital Management's holdings in Home Depot were worth $513,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legend Financial Advisors Inc. bought a new stake in Home Depot during the 2nd quarter worth approximately $28,000. Abound Financial LLC purchased a new position in shares of Home Depot in the 1st quarter worth approximately $31,000. Iron Horse Wealth Management LLC lifted its stake in Home Depot by 86.8% in the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer's stock valued at $36,000 after purchasing an additional 46 shares during the last quarter. Global X Japan Co. Ltd. purchased a new position in Home Depot in the second quarter valued at approximately $40,000. Finally, Compass Financial Services Inc purchased a new position in Home Depot in the first quarter valued at approximately $41,000. 70.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HD. Wolfe Research began coverage on Home Depot in a research note on Thursday, September 18th. They issued an "outperform" rating and a $497.00 price objective on the stock. Robert W. Baird upped their price objective on Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. Morgan Stanley upped their price objective on Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. Oppenheimer increased their target price on Home Depot from $400.00 to $420.00 and gave the stock a "market perform" rating in a research report on Thursday, September 25th. Finally, Stifel Nicolaus increased their target price on Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a research 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 given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $436.40.

Home Depot Trading Down 0.4%

NYSE HD opened at $405.25 on Wednesday. The stock's 50-day simple moving average is $401.39 and its two-hundred day simple moving average is $375.46. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. 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 company has a market capitalization of $403.38 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 3.86 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly 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). The firm had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Research 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 was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a $2.30 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.3%. Home Depot's dividend payout ratio is 62.50%.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the business's stock in a transaction on Friday, August 22nd. The shares were 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 approximately $6,635,234.11. The trade was a 25.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Edward P. Decker sold 32,897 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total value of $13,067,346.34. Following the completion of the sale, the chief executive officer owned 122,425 shares of the company's stock, valued at $48,629,658.50. This trade represents a 21.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,835 shares of company stock worth $19,623,432 in the last three months. Corporate insiders own 0.10% of the company's stock.

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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