Welch Group LLC Has $64.79 Million Stock Holdings in The Home Depot, Inc. $HD

Key Points

• Welch Group LLC increased its stake in The Home Depot, Inc. by 2.4%, now holding approximately $64.79 million in stock.
• Wall Street analysts have a Moderate Buy rating for Home Depot, with an average price target of $435.42.
• The company recently declared a quarterly dividend of $2.30 per share, reflecting an annualized yield of 2.4%.

Welch Group LLC raised its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 2.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 176,698 shares of the home improvement retailer's stock after buying an additional 4,129 shares during the quarter. Home Depot accounts for about 2.7% of Welch Group LLC's holdings, making the stock its 11th biggest position. Welch Group LLC's holdings in Home Depot were worth $64,785,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. acquired a new position in Home Depot in the 2nd quarter valued at approximately $28,000. Abound Financial LLC acquired a new position in shares of Home Depot during the 1st quarter worth $31,000. Iron Horse Wealth Management LLC increased its stake in shares of 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 worth $36,000 after purchasing an additional 46 shares during the last quarter. Global X Japan Co. Ltd. acquired a new position in shares of Home Depot during the 2nd quarter worth $40,000. Finally, GFG Capital LLC acquired a new position in shares of Home Depot during the 2nd quarter worth $40,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on HD shares. Wolfe Research started coverage on shares of Home Depot in a research note on Thursday, September 18th. They set an "outperform" rating and a $497.00 price target on the stock. Morgan Stanley increased their price target on shares of Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. dropped their price target 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 target 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. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Home Depot in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and an average price target of $435.42.

Insider Transactions at Home Depot

In other Home Depot news, EVP Angie Brown sold 1,000 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the sale, the executive vice president directly owned 3,837 shares of the company's stock, valued at $1,550,416.59. This represents a 20.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction 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 approximately $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is currently owned by insiders.

Home Depot Stock Performance

Shares of HD opened at $375.86 on Monday. The company has a market capitalization of $374.13 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 3.57 and a beta of 1.00. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. 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's fifty day moving average price is $403.54 and its 200 day moving average price is $377.30.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing the consensus estimate of $4.69 by ($0.01). The firm had revenue of $45.28 billion during 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 business's revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

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

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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