National Wealth Management Group LLC Has $638,000 Holdings in The Home Depot, Inc. $HD

Key Points

• National Wealth Management Group LLC increased its stake in The Home Depot by 184.3% to own 1,740 shares, valued at approximately $638,000.
• The Home Depot reported a quarterly earnings per share of $4.68, missing estimates by $0.01, with revenues slightly below expectations at $45.28 billion.
• Home Depot has declared a quarterly dividend of $2.30 per share, representing a 2.2% yield based on an annualized dividend of $9.20.

National Wealth Management Group LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 184.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,740 shares of the home improvement retailer's stock after purchasing an additional 1,128 shares during the quarter. National Wealth Management Group LLC's holdings in Home Depot were worth $638,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Asset Planning Services Inc. LA ADV grew its holdings in Home Depot by 99,400.7% in the 1st quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock valued at $6,954,431,000 after buying an additional 18,956,701 shares during the period. GAMMA Investing LLC grew its holdings in Home Depot by 39,194.1% in the 1st quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock valued at $37,517,230,000 after buying an additional 10,210,851 shares during the period. Nuveen LLC purchased a new stake in Home Depot in the 1st quarter valued at about $2,076,592,000. Price T Rowe Associates Inc. MD grew its holdings in Home Depot by 19.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer's stock valued at $3,391,240,000 after buying an additional 1,494,261 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Home Depot by 6.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer's stock valued at $5,282,398,000 after purchasing an additional 891,326 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Trading Up 0.3%

Shares of NYSE HD traded up $1.25 during mid-day trading on Monday, hitting $420.20. 3,740,170 shares of the company traded hands, compared to its average volume of 3,709,986. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The stock has a market capitalization of $418.26 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 3.97 and a beta of 1.00. 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 business has a 50 day moving average of $386.27 and a two-hundred day moving average of $371.38.

Home Depot (NYSE:HD - Get Free Report) last announced 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 net margin of 8.86% and a return on equity of 193.99%. The company had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. During the same period in the prior year, the company earned $4.60 earnings per share. 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, sell-side analysts anticipate 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 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 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. Home Depot's payout ratio is presently 62.50%.

Insider Activity

In related news, CFO Richard V. Mcphail sold 3,369 shares of the company's stock in a transaction on 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 transaction, the chief financial officer directly owned 45,455 shares of the company's stock, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total value of $13,067,346.34. Following the transaction, the chief executive officer directly owned 122,425 shares in the company, valued at $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,532 shares of company stock valued at $18,648,987 in the last ninety days. Corporate insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HD shares. Wells Fargo & Company boosted their target price on Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. TD Securities cut Home Depot to a "buy" rating in a report on Monday, June 2nd. DA Davidson reiterated a "buy" rating and set a $450.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Mizuho boosted their target price on Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Finally, Truist Financial boosted their target price on Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $432.52.

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.