MOKAN Wealth Management Inc. Has $2.35 Million Position in The Home Depot, Inc. $HD

Key Points

• MOKAN Wealth Management Inc. increased its holdings in The Home Depot by 13.2%, owning 6,404 shares valued at approximately $2.35 million, making it the company's 23rd biggest position.
• Home Depot recently declared a quarterly dividend of $2.30 per share, yielding about 2.4% annually, with a payout ratio of 62.5%.
• The company's earnings per share for the last quarter was $4.68, slightly missing analysts' expectations, while it set guidance for FY 2025 at 14.940 EPS.

MOKAN Wealth Management Inc. increased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 13.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,404 shares of the home improvement retailer's stock after acquiring an additional 748 shares during the period. Home Depot comprises about 1.3% of MOKAN Wealth Management Inc.'s investment portfolio, making the stock its 23rd biggest position. MOKAN Wealth Management Inc.'s holdings in Home Depot were worth $2,348,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Legend Financial Advisors Inc. acquired a new stake in shares of Home Depot during the 2nd quarter valued at about $28,000. Abound Financial LLC acquired a new position in Home Depot in the first quarter valued at about $31,000. Iron Horse Wealth Management LLC boosted its position 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 buying an additional 46 shares in the last quarter. Global X Japan Co. Ltd. acquired a new position in Home Depot in the second quarter valued at about $40,000. Finally, GFG Capital LLC acquired a new position in Home Depot in the second quarter valued at about $40,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Down 0.5%

Shares of NYSE HD opened at $375.86 on Monday. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a market cap of $374.13 billion, a PE ratio of 25.53, a P/E/G ratio of 3.57 and a beta of 1.00. 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 50-day moving average of $403.54 and a two-hundred day moving average of $377.30.

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 return on equity of 193.99% and a net margin of 8.86%.The company 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 firm posted $4.60 earnings per share. The company'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. As a group, equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot's payout ratio is 62.50%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HD shares. Weiss Ratings restated a "buy (b)" rating on shares of Home Depot in a research report on Wednesday, October 8th. Oppenheimer boosted their price target on shares of Home Depot from $400.00 to $420.00 and gave the company a "market perform" rating in a research report on Thursday, September 25th. Morgan Stanley boosted their price target on shares of Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday, August 20th. Mizuho boosted their price target on shares of Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. Finally, Wolfe Research assumed coverage on shares of Home Depot in a research report on Thursday, September 18th. They issued an "outperform" rating and a $497.00 price target on the stock. 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 data from MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and a consensus target price of $435.42.

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,483 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Angie Brown sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the sale, the executive vice president directly owned 3,837 shares of the company's stock, valued at approximately $1,550,416.59. This trade represents a 20.67% 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 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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