PFW Advisors LLC Trims Stock Position in The Home Depot, Inc. $HD

Key Points

• PFW Advisors LLC reduced its holdings in The Home Depot by 16.8%, now owning 6,691 shares worth approximately $2.45 million.
• Home Depot reported Q2 earnings of $4.68 per share, slightly missing estimates, with revenues of $45.28 billion, a year-on-year increase of 4.9%.
• The company recently declared a quarterly dividend of $2.30, which represents a 2.2% yield and a payout ratio of 62.5%.

PFW Advisors LLC lessened its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 16.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,691 shares of the home improvement retailer's stock after selling 1,351 shares during the period. Home Depot makes up about 0.8% of PFW Advisors LLC's portfolio, making the stock its 28th largest holding. PFW Advisors LLC's holdings in Home Depot were worth $2,453,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HD. Client 1ST Advisory Group LLC increased its position in Home Depot by 1.5% during the 1st quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer's stock worth $688,000 after purchasing an additional 27 shares in the last quarter. Invst LLC raised its position in Home Depot by 0.4% during the 4th quarter. Invst LLC now owns 6,738 shares of the home improvement retailer's stock worth $2,621,000 after purchasing an additional 28 shares during the last quarter. Financial Insights Inc. raised its position in Home Depot by 3.3% during the 1st quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock worth $323,000 after purchasing an additional 28 shares during the last quarter. Wayfinding Financial LLC raised its position in Home Depot by 1.2% during the 1st quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock worth $862,000 after purchasing an additional 28 shares during the last quarter. Finally, Pure Portfolios Holdings LLC raised its position in Home Depot by 4.7% during the 1st quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer's stock worth $228,000 after purchasing an additional 28 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the completion of the sale, the executive vice president directly owned 24,235 shares in the company, valued at $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the sale, the executive vice president owned 3,837 shares of the company's stock, valued at approximately $1,550,416.59. The trade was a 20.67% 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 over the last quarter. Company insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. DA Davidson reiterated a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. Mizuho increased their price objective on shares of Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. Wolfe Research initiated coverage on shares of Home Depot in a research report on Thursday. They set an "outperform" rating and a $497.00 price objective for the company. Finally, Wells Fargo & Company increased their price objective on shares of Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and a consensus price target of $435.00.

Home Depot Stock Performance

Shares of HD traded down $1.71 during trading hours on Friday, hitting $415.77. The company's stock had a trading volume of 6,709,599 shares, compared to its average volume of 3,720,799. The company has a market cap of $413.85 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 3.96 and a beta of 1.00. 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 business has a 50 day simple moving average of $394.94 and a two-hundred day simple moving average of $373.48. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $45.28 billion during the quarter, compared to analysts' expectations of $45.43 billion. During the same quarter in the previous year, the business earned $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, equities analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were 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 was Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is 62.50%.

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.