The Home Depot, Inc. $HD Stock Holdings Increased by Fiduciary Alliance LLC

Key Points

• Fiduciary Alliance LLC increased its stake in The Home Depot, Inc. by 2.7% during the last quarter, owning a total of 45,420 shares valued at approximately $16.65 million.
• Home Depot's stock recently reported earnings of $4.68 per share, which slightly missed analysts' estimates, with a quarterly revenue of about $45.28 billion reflecting a year-over-year growth of 4.9%.
• The company announced a quarterly dividend of $2.30 per share, resulting in an annualized yield of 2.2%, with the ex-dividend date set for September 4th.

Fiduciary Alliance LLC raised its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,420 shares of the home improvement retailer's stock after buying an additional 1,205 shares during the quarter. Home Depot comprises 1.2% of Fiduciary Alliance LLC's portfolio, making the stock its 13th largest position. Fiduciary Alliance LLC's holdings in Home Depot were worth $16,653,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Client 1ST Advisory Group LLC raised its stake in Home Depot by 1.5% during the first quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer's stock valued at $688,000 after buying an additional 27 shares in the last quarter. Invst LLC raised its stake in Home Depot by 0.4% during the fourth quarter. Invst LLC now owns 6,738 shares of the home improvement retailer's stock valued at $2,621,000 after buying an additional 28 shares in the last quarter. Financial Insights Inc. raised its stake in Home Depot by 3.3% during the first quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock valued at $323,000 after buying an additional 28 shares in the last quarter. Wayfinding Financial LLC raised its stake in Home Depot by 1.2% during the first quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock worth $862,000 after acquiring an additional 28 shares during the period. Finally, Pure Portfolios Holdings LLC raised its stake in Home Depot by 4.7% during the first quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer's stock worth $228,000 after acquiring an additional 28 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Trading Down 0.2%

Home Depot stock opened at $421.87 on Wednesday. The firm has a 50 day simple moving average of $392.22 and a 200-day simple moving average of $372.74. 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 stock has a market capitalization of $419.93 billion, a PE ratio of 28.66, a price-to-earnings-growth ratio of 4.01 and a beta of 1.00. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results 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 business had revenue of $45.28 billion for 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 quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities research 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 announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is presently 62.50%.

Wall Street Analysts Forecast Growth

HD has been the topic of several research reports. Telsey Advisory Group reiterated an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. JPMorgan Chase & Co. dropped their price objective on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. Robert W. Baird increased their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. 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 note on Wednesday, August 20th. Finally, TD Securities lowered shares of Home Depot to a "buy" rating in a research note on Monday, June 2nd. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Home Depot has a consensus rating of "Moderate Buy" and a consensus price target of $432.52.

Insider Activity

In related news, EVP William D. Bastek sold 2,303 shares of the firm's 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 approximately $10,254,313.20. This trade represents a 8.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer owned 45,455 shares of the company's stock, valued at $18,348,365.30. The trade was 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 ninety days. 0.10% of the stock is owned by company insiders.

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.

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