RMG Wealth Management LLC Buys Shares of 746 The Home Depot, Inc. $HD

Key Points

• RMG Wealth Management LLC acquired 746 shares of The Home Depot, Inc. for approximately $267,000 in the second quarter.
• Insider selling included EVP Teresa Wynn Roseborough and CEO Edward P. Decker, with Decker selling shares valued at over $13 million, representing a significant decrease in their holdings.
• Equity analysts remain positive on Home Depot, with multiple firms issuing buy ratings and price targets ranging from $432.00 to $455.00.

RMG Wealth Management LLC purchased a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 746 shares of the home improvement retailer's stock, valued at approximately $267,000.

Several other institutional investors have also made changes to their positions in the company. Legend Financial Advisors Inc. bought a new position in Home Depot during the second quarter valued at approximately $28,000. Abound Financial LLC bought a new stake in Home Depot in the first quarter worth approximately $31,000. Iron Horse Wealth Management LLC increased its stake in shares of Home Depot by 86.8% during the 1st 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 last quarter. Global X Japan Co. Ltd. bought a new position in shares of Home Depot during the 2nd quarter valued at $40,000. Finally, Compass Financial Services Inc bought a new position in shares of Home Depot during the 1st quarter valued at $41,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm's stock in a transaction on 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 directly owned 16,057 shares in the company, valued at $6,635,234.11. This trade represents a 25.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the transaction, the chief executive officer owned 122,425 shares in the company, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,835 shares of company stock valued at $19,623,432 in the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HD shares. DA Davidson reiterated a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. Stifel Nicolaus boosted their price target on Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. Telsey Advisory Group reiterated an "outperform" rating and set a $455.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Robert W. Baird raised 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. Finally, Morgan Stanley boosted their target price on Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and a consensus price target of $436.40.

Home Depot Trading Down 1.4%

Home Depot stock opened at $389.56 on Tuesday. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The business's 50-day simple moving average is $402.88 and its 200-day simple moving average is $376.78. The firm has a market capitalization of $387.76 billion, a PE ratio of 26.46, a PEG ratio of 3.75 and a beta of 1.00. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37.

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 the consensus estimate of $4.69 by ($0.01). The business had revenue of $45.28 billion for the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. Home Depot's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. Home Depot's dividend payout ratio (DPR) is presently 62.50%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.