RMR Wealth Builders Increases Stake in The Home Depot, Inc. $HD

Key Points

• RMR Wealth Builders increased its stake in The Home Depot, Inc. by 5.4% during Q2, owning a total of 12,739 shares valued at approximately $4.67 million.
• Home Depot recently announced a $2.30 quarterly dividend to be paid on September 18th, reflecting an annual dividend yield of 2.2%.
• Analysts have mixed ratings for Home Depot, with a consensus target price of $432.52 and a consensus rating of "Moderate Buy", following a recent EPS miss of $0.01.

RMR Wealth Builders increased its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 5.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,739 shares of the home improvement retailer's stock after buying an additional 647 shares during the period. RMR Wealth Builders' holdings in Home Depot were worth $4,671,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Abound Financial LLC purchased a new stake in Home Depot during the 1st quarter worth approximately $31,000. Iron Horse Wealth Management LLC increased its stake in 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 buying an additional 46 shares during the period. Compass Financial Services Inc purchased a new stake in Home Depot during the 1st quarter worth approximately $41,000. Livelsberger Financial Advisory purchased a new stake in Home Depot during the 2nd quarter worth approximately $41,000. Finally, Quest 10 Wealth Builders Inc. increased its stake in Home Depot by 35.7% during the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock worth $42,000 after buying an additional 30 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on HD. Wells Fargo & Company upped their target price on shares of Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. Truist Financial boosted their price target on shares of Home Depot from $417.00 to $433.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Jefferies Financial Group lowered their price target on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Morgan Stanley boosted their price target on shares of Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Finally, TD Securities cut shares of Home Depot to a "buy" rating in a report on Monday, June 2nd. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and a consensus price target of $432.52.

Home Depot Trading Down 0.0%

Shares of Home Depot stock opened at $423.33 on Monday. The company has a fifty day simple moving average of $390.03 and a 200-day simple moving average of $372.22. 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. The stock has a market cap of $421.38 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 4.01 and a beta of 1.00.

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 net margin of 8.86% and a return on equity of 193.99%. The company had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same quarter in the previous year, the company posted $4.60 EPS. The company's quarterly 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. On average, equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued a $2.30 dividend. The ex-dividend date is Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot's dividend payout ratio is presently 62.50%.

Insiders Place Their Bets

In related news, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the sale, the chief executive officer owned 122,425 shares in the company, valued at $48,629,658.50. This represents a 21.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William D. Bastek sold 3,783 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the sale, the executive vice president owned 24,235 shares of the company's stock, valued at approximately $9,941,924.05. This represents a 13.50% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,532 shares of company stock worth $18,648,987. 0.10% of the stock is currently owned by company insiders.

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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