KMT Wealth Management LLC Takes Position in The Home Depot, Inc. $HD

Key Points

• KMT Wealth Management LLC has acquired a new stake of 621 shares in The Home Depot, Inc., worth approximately $228,000, representing 0.2% of its investment portfolio.
• The company announced a quarterly dividend of $2.30 per share, which translates to a 2.3% yield, with an ex-dividend date of September 4th.
• Home Depot reported earnings of $4.68 per share, slightly missing analysts' expectations, and has set its full-year 2025 earnings guidance at 14.94 EPS.

KMT Wealth Management LLC acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 621 shares of the home improvement retailer's stock, valued at approximately $228,000. Home Depot makes up about 0.2% of KMT Wealth Management LLC's investment portfolio, making the stock its 15th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Invst LLC boosted its stake in shares of Home Depot by 0.4% during the fourth quarter. Invst LLC now owns 6,738 shares of the home improvement retailer's stock valued at $2,621,000 after purchasing an additional 28 shares in the last quarter. Financial Insights Inc. boosted its stake in shares of Home Depot by 3.3% during the first quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock valued at $323,000 after purchasing an additional 28 shares in the last quarter. Wayfinding Financial LLC lifted its position in Home Depot by 1.2% during the first quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock valued at $862,000 after acquiring an additional 28 shares during the last quarter. Pure Portfolios Holdings LLC lifted its position in Home Depot by 4.7% during the first quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer's stock valued at $228,000 after acquiring an additional 28 shares during the last quarter. Finally, First Interstate Bank lifted its position in Home Depot by 0.3% during the first quarter. First Interstate Bank now owns 9,020 shares of the home improvement retailer's stock valued at $3,306,000 after acquiring an additional 28 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Down 0.1%

NYSE HD opened at $407.04 on Friday. The company has a fifty day simple moving average of $380.40 and a two-hundred day simple moving average of $371.39. The stock 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. 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.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (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 business had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. During the same period last year, the business earned $4.60 EPS. The company's revenue for the quarter 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, 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 declared 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 yield of 2.3%. The ex-dividend date is Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is currently 62.50%.

Insider Activity at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the sale, the executive vice president owned 16,057 shares in the company, valued at $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the completion of the transaction, the chief financial officer directly owned 45,455 shares in the company, valued at approximately $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,532 shares of company stock valued at $18,648,987 in the last quarter. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on HD shares. Gordon Haskett increased their target price on shares of Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Royal Bank Of Canada decreased their target price on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research report on Thursday, May 15th. TD Securities cut shares of Home Depot to a "buy" rating in a research report on Monday, June 2nd. Evercore ISI set a $400.00 target price on shares of Home Depot and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, Robert W. Baird increased their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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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