The Home Depot, Inc. $HD Shares Bought by Leo Wealth LLC

Key Points

• Leo Wealth LLC significantly increased its stake in The Home Depot by 167.3%, acquiring an additional 4,285 shares during the second quarter, bringing its total ownership to $2.50 million.
• Analysts have given Home Depot a consensus rating of Moderate Buy with a target price of $435.42, with most recent price upgrades from various firms raising target prices above $400.
• The company reported quarterly earnings of $4.68 per share, slightly missing estimates, while annual dividends were declared at $2.30 per share, reflecting a 2.4% yield.

Leo Wealth LLC increased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 167.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,847 shares of the home improvement retailer's stock after purchasing an additional 4,285 shares during the period. Leo Wealth LLC's holdings in Home Depot were worth $2,504,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legend Financial Advisors Inc. acquired a new stake in shares of Home Depot during the second quarter worth about $28,000. Abound Financial LLC acquired a new stake in Home Depot during the 1st quarter valued at approximately $31,000. Iron Horse Wealth Management LLC lifted 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 valued at $36,000 after acquiring an additional 46 shares during the period. Global X Japan Co. Ltd. acquired a new stake in Home Depot during the 2nd quarter valued at approximately $40,000. Finally, Compass Financial Services Inc acquired a new position in Home Depot during the first quarter valued at $41,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on HD shares. 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 report on Monday, August 18th. Truist Financial boosted their price objective on Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. DA Davidson reissued a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. Oppenheimer boosted their price target on Home Depot from $400.00 to $420.00 and gave the company a "market perform" rating in a report on Thursday, September 25th. Finally, Wells Fargo & Company boosted 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. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $435.42.

Home Depot Trading Down 1.6%

Shares of HD stock opened at $377.66 on Friday. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The company has a market cap of $375.92 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 3.64 and a beta of 1.00. The stock has a 50 day simple moving average of $403.50 and a 200-day simple moving average of $376.99. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). The company had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business's revenue 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. On average, equities research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Thursday, September 4th. Home Depot's dividend payout ratio is 62.50%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP William D. Bastek sold 3,783 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 24,235 shares of the company's stock, valued at $9,941,924.05. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 122,425 shares of the company's stock, valued at $48,629,658.50. The trade was a 21.18% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is owned by insiders.

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.

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