The Home Depot, Inc. $HD Position Reduced by Total Clarity Wealth Management Inc.

Key Points

• Total Clarity Wealth Management Inc. reduced its position in Home Depot by 47.7%, ending the quarter with 1,974 shares valued at approximately $724,000.
• Several institutional investors have recently altered their stakes in Home Depot, with 70.86% of the company's stock now owned by institutional shareholders.
• Despite missing earnings estimates for the last quarter, Home Depot's revenue increased by 4.9% year-over-year, and the company has set its FY 2025 EPS guidance at 14.940.

Total Clarity Wealth Management Inc. decreased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 47.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,974 shares of the home improvement retailer's stock after selling 1,798 shares during the period. Total Clarity Wealth Management Inc.'s holdings in Home Depot were worth $724,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. bought a new position in shares of Home Depot in the second quarter valued at $28,000. Abound Financial LLC bought a new position in shares of Home Depot in the first quarter valued at $31,000. Iron Horse Wealth Management LLC increased its holdings in shares of 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. bought a new position in shares of Home Depot in the second quarter valued at $40,000. Finally, GFG Capital LLC bought a new position in shares of Home Depot in the second quarter valued at $40,000. Institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wells Fargo & Company upped their price target on Home Depot from $420.00 to $450.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Stifel Nicolaus boosted their target price on shares of Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a research note on Monday, August 18th. DA Davidson reissued a "buy" rating and set a $450.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Telsey Advisory Group reissued an "outperform" rating and set a $455.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Finally, Mizuho boosted their target price on shares of Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $435.42.

Home Depot Trading Up 1.0%

Shares of NYSE:HD opened at $379.36 on Tuesday. The stock has a market capitalization of $377.61 billion, a PE ratio of 25.77, a P/E/G ratio of 3.57 and a beta of 1.00. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The firm has a fifty day moving average price of $403.51 and a 200 day moving average price of $377.45. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD - Get Free Report) last issued 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). The business had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

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

Insider Transactions at Home Depot

In related news, EVP William D. Bastek sold 2,303 shares of the company's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the completion of the sale, the executive vice president directly owned 24,235 shares in the company, valued at approximately $10,254,313.20. This represents a 8.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 stock was 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 owned 45,455 shares of the company's stock, valued at $18,348,365.30. This represents a 6.90% 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 in the last three months. 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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