RWA Wealth Partners LLC Sells 6,488 Shares of The Home Depot, Inc. $HD

Key Points

• RWA Wealth Partners LLC has reduced its holdings in The Home Depot, Inc. by 6.0%, now owning approximately 100,828 shares valued at $36.95 million.
• Home Depot has reported a quarterly dividend of $2.30 per share, representing an annualized dividend yield of 2.3% with a payout ratio of 62.42%.
• Recent analysis indicates a generally positive outlook for Home Depot, with multiple analysts issuing buy ratings and a collective target price averaging $427.48 for the stock.

RWA Wealth Partners LLC lowered its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,828 shares of the home improvement retailer's stock after selling 6,488 shares during the period. RWA Wealth Partners LLC's holdings in Home Depot were worth $36,952,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Cornerstone Select Advisors LLC grew its stake in Home Depot by 4.5% during the first quarter. Cornerstone Select Advisors LLC now owns 797 shares of the home improvement retailer's stock valued at $292,000 after acquiring an additional 34 shares in the last quarter. Korea Investment CORP grew its stake in Home Depot by 1.0% during the first quarter. Korea Investment CORP now owns 760,094 shares of the home improvement retailer's stock valued at $278,567,000 after acquiring an additional 7,180 shares in the last quarter. Sand Hill Global Advisors LLC grew its stake in Home Depot by 4.4% during the first quarter. Sand Hill Global Advisors LLC now owns 6,691 shares of the home improvement retailer's stock valued at $2,452,000 after acquiring an additional 283 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in Home Depot by 10.2% during the first quarter. Aptus Capital Advisors LLC now owns 38,181 shares of the home improvement retailer's stock valued at $13,993,000 after acquiring an additional 3,542 shares in the last quarter. Finally, Watts Gwilliam & Co. LLC grew its stake in Home Depot by 66.0% during the first quarter. Watts Gwilliam & Co. LLC now owns 3,981 shares of the home improvement retailer's stock valued at $1,459,000 after acquiring an additional 1,583 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Buying and Selling at Home Depot

In other news, 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 completion of the sale, the chief executive officer owned 122,425 shares of the company's stock, valued at approximately $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 accessible through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the completion of the sale, the chief financial officer directly owned 45,455 shares of the company's stock, valued at $18,348,365.30. This trade represents a 6.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,672 shares of company stock worth $16,827,675 over the last 90 days. Company insiders own 0.10% of the company's stock.

Home Depot Trading Up 3.8%

Shares of Home Depot stock traded up $15.2960 during trading on Friday, reaching $412.9960. The company's stock had a trading volume of 5,283,627 shares, compared to its average volume of 3,454,809. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The company has a market cap of $410.90 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 3.77 and a beta of 1.00. The firm's 50-day moving average is $374.52 and its two-hundred day moving average is $371.57. The company has a quick ratio of 0.28, a current ratio of 1.15 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business had revenue of $45.28 billion during the quarter, compared to analysts' expectations of $45.43 billion. During the same period last year, the company posted $4.60 EPS. Home Depot'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 year.

Home Depot Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Mizuho boosted their price objective on shares of Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday. Truist Financial boosted their price objective on shares of Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Guggenheim reiterated a "buy" rating and set a $450.00 target price on shares of Home Depot in a research report on Wednesday, May 21st. Sanford C. Bernstein reiterated a "market perform" rating and set a $398.00 target price (up from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a research report on Wednesday. One 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.