Colonial Trust Advisors Boosts Position in The Home Depot, Inc. $HD

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Colonial Trust Advisors boosted its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,031 shares of the home improvement retailer's stock after buying an additional 1,653 shares during the quarter. Home Depot makes up approximately 1.7% of Colonial Trust Advisors' portfolio, making the stock its 14th biggest position. Colonial Trust Advisors' holdings in Home Depot were worth $18,702,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Gravity Asset Management Inc. purchased a new stake in Home Depot in the first quarter worth approximately $406,000. Wealth Management Partners LLC boosted its stake in Home Depot by 0.6% in the first quarter. Wealth Management Partners LLC now owns 6,506 shares of the home improvement retailer's stock worth $2,384,000 after buying an additional 36 shares in the last quarter. Arbor Capital Management Inc. ADV lifted its position in Home Depot by 4.8% in the first quarter. Arbor Capital Management Inc. ADV now owns 4,784 shares of the home improvement retailer's stock valued at $1,757,000 after purchasing an additional 221 shares during the last quarter. ARS Wealth Advisors Group LLC lifted its position in Home Depot by 0.8% in the first quarter. ARS Wealth Advisors Group LLC now owns 31,728 shares of the home improvement retailer's stock valued at $11,628,000 after purchasing an additional 239 shares during the last quarter. Finally, Tabor Asset Management LP bought a new stake in Home Depot in the first quarter valued at approximately $5,886,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Stock Up 3.8%

Shares of NYSE HD traded up $15.2960 during trading on Friday, reaching $412.9960. The company had a trading volume of 5,283,627 shares, compared to its average volume of 3,560,177. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The stock has a market cap of $410.90 billion, a PE ratio of 28.06, a P/E/G ratio of 3.81 and a beta of 1.00. The business's 50-day moving average is $373.34 and its 200 day moving average is $371.56. 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 released its earnings results 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 return on equity of 193.99% and a net margin of 8.86%.The company had revenue of $45.28 billion during 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. The company's 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. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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 paid 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 currently 62.50%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Stifel Nicolaus boosted their price objective on Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a research report on Monday. Morgan Stanley boosted their price objective on Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday. Gordon Haskett boosted their price objective on Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Telsey Advisory Group reiterated an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a research report on Tuesday. Finally, Evercore ISI set a $400.00 price objective on Home Depot and gave the company an "outperform" rating in a research report on Thursday, May 22nd. One investment 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $432.52.

Insider Buying and Selling

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the sale, the executive vice president directly owned 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This represents a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction on Thursday, August 21st. The stock was 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 directly owned 122,425 shares in the company, valued at approximately $48,629,658.50. This represents a 21.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 42,672 shares of company stock valued at $16,827,675. Insiders own 0.10% of the company's stock.

Home Depot 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.