YHB Investment Advisors Inc. Grows Stock Holdings in The Home Depot, Inc. $HD

Key Points

• YHB Investment Advisors Inc. has increased its stake in The Home Depot, Inc. by 2.0% to a total of $14.35 million, marking the stock as its 22nd largest holding.
• CEO Edward P. Decker sold 32,897 shares of Home Depot stock, resulting in a 21.18% decrease in his ownership, while other insiders sold a total of 48,835 shares valued at $19.62 million in the last 90 days.
• Wall Street analysts show optimistic forecasts for Home Depot, with targets ranging from $430.00 to $497.00, highlighting an average rating of "Moderate Buy" for the stock.

YHB Investment Advisors Inc. raised its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 2.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,145 shares of the home improvement retailer's stock after buying an additional 757 shares during the period. Home Depot makes up approximately 1.1% of YHB Investment Advisors Inc.'s portfolio, making the stock its 22nd largest position. YHB Investment Advisors Inc.'s holdings in Home Depot were worth $14,353,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Abound Financial LLC acquired a new position in shares of Home Depot during the first quarter worth $31,000. Iron Horse Wealth Management LLC grew its stake in shares of Home Depot by 86.8% during the first 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 in the last quarter. Compass Financial Services Inc acquired a new position in shares of Home Depot during the first quarter worth $41,000. Livelsberger Financial Advisory acquired a new position in shares of Home Depot during the second quarter worth $41,000. Finally, Quest 10 Wealth Builders Inc. lifted its position in Home Depot by 35.7% in the first quarter. Quest 10 Wealth Builders Inc. now owns 114 shares of the home improvement retailer's stock valued at $42,000 after acquiring an additional 30 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the transaction, the executive vice president directly owned 16,057 shares in the company, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Angie Brown sold 1,000 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the transaction, the executive vice president owned 3,837 shares in the company, valued at approximately $1,550,416.59. This trade represents 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 in the last quarter. Corporate insiders own 0.10% of the company's stock.

Home Depot Stock Performance

NYSE HD traded down $2.83 during trading on Monday, reaching $412.86. The company's stock had a trading volume of 2,655,518 shares, compared to its average volume of 3,792,485. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The firm has a market cap of $410.96 billion, a price-to-earnings ratio of 28.05, a P/E/G ratio of 3.94 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The business's fifty day moving average price is $395.79 and its 200-day moving average price is $373.58.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data 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). The business had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.2%. Home Depot's payout ratio is currently 62.50%.

Analysts Set New Price Targets

HD has been the subject of a number of research reports. Truist Financial boosted their price target on shares of Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Wells Fargo & Company boosted their price target on shares of Home Depot from $420.00 to $450.00 and gave the company an "overweight" rating in a research report on Wednesday, August 20th. TD Securities cut shares of Home Depot to a "buy" rating in a research report on Monday, June 2nd. Mizuho boosted their price target on shares of Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. Finally, DA Davidson reissued a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Home Depot has a consensus rating of "Moderate Buy" and an average price target of $435.00.

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.