GW Henssler & Associates Ltd. Acquires 4,059 Shares of The Home Depot, Inc. $HD

Key Points

• GW Henssler & Associates Ltd. increased its stake in The Home Depot by 15.0% in Q1, owning over 31,000 shares worth approximately $11.4 million as of its last SEC filing.
• Home Depot reported a Q2 earnings per share (EPS) of $4.68, missing estimates slightly, with revenue of $45.28 billion, reflecting a growth of 4.9% year-over-year.
• The company declared a quarterly dividend of $2.30 per share, with a dividend yield of 2.3% and a payout ratio of 62.50%.

GW Henssler & Associates Ltd. lifted its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 15.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 31,209 shares of the home improvement retailer's stock after acquiring an additional 4,059 shares during the period. GW Henssler & Associates Ltd.'s holdings in Home Depot were worth $11,438,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of HD. Abound Financial LLC bought a new position in Home Depot in the 1st quarter valued at about $31,000. Iron Horse Wealth Management LLC grew its position in Home Depot by 86.8% in the 1st 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. Quarry LP grew its position in Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after buying an additional 66 shares in the last quarter. Quest 10 Wealth Builders Inc. grew its position in Home Depot by 35.7% in the 1st quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock valued at $42,000 after buying an additional 30 shares in the last quarter. Finally, Spurstone Advisory Services LLC bought a new position in Home Depot in the 4th quarter valued at about $45,000. Institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Guggenheim reiterated a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research report on Wednesday, May 21st. Evercore ISI set a $400.00 target price on shares of Home Depot and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada reduced their price objective on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating for the company in a research report on Thursday, May 15th. Sanford C. Bernstein restated a "market perform" rating and set a $398.00 price objective (up previously from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Finally, Morgan Stanley raised their price objective on shares of Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday, August 20th. 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $432.52.

Home Depot Trading Up 1.7%

HD stock traded up $7.01 during mid-day trading on Friday, reaching $418.70. 5,854,063 shares of the stock traded hands, compared to its average volume of 3,533,561. 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 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 $416.77 billion, a P/E ratio of 28.44, a P/E/G ratio of 3.90 and a beta of 1.00. The stock's fifty day moving average is $385.21 and its 200-day moving average is $371.46.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 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 firm 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 posted $4.60 earnings per share. Home Depot's quarterly revenue was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

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

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 16,057 shares of the company's stock, valued at $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 122,425 shares of the company's stock, valued at $48,629,658.50. This trade represents 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 over the last ninety days. Insiders own 0.10% of the company's stock.

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.