The Home Depot, Inc. $HD Stock Holdings Boosted by Bryn Mawr Trust Advisors LLC

by · The Cerbat Gem

Bryn Mawr Trust Advisors LLC lifted its position in The Home Depot, Inc. (NYSE:HDFree Report) by 1.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,290 shares of the home improvement retailer’s stock after buying an additional 670 shares during the period. Home Depot makes up 0.9% of Bryn Mawr Trust Advisors LLC’s holdings, making the stock its 22nd largest position. Bryn Mawr Trust Advisors LLC’s holdings in Home Depot were worth $16,605,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of HD. Legend Financial Advisors Inc. acquired a new stake in Home Depot in the 2nd quarter valued at about $28,000. Iron Horse Wealth Management LLC raised its holdings in shares of Home Depot by 86.8% in 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 in the last quarter. Global X Japan Co. Ltd. bought a new stake in shares of Home Depot in the 2nd quarter worth approximately $40,000. GFG Capital LLC acquired a new stake in Home Depot during the second quarter valued at approximately $40,000. Finally, Nexus Investment Management ULC bought a new stake in Home Depot during the second quarter worth approximately $40,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the sale, the chief financial officer owned 45,455 shares in the company, valued at $18,348,365.30. This represents a 6.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Angie Brown sold 1,000 shares of the business’s stock in a transaction 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 transaction, the executive vice president owned 3,837 shares in the company, valued at approximately $1,550,416.59. This represents a 20.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is owned by company insiders.

Home Depot Stock Performance

Shares of HD stock opened at $369.16 on Friday. The company has a market capitalization of $367.46 billion, a price-to-earnings ratio of 25.08, a P/E/G ratio of 3.59 and a beta of 1.00. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The stock’s fifty day simple moving average is $398.00 and its 200-day simple moving average is $381.11.

Home Depot (NYSE:HDGet Free Report) last announced 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). 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 for the quarter, compared to analyst estimates of $45.43 billion. During the same quarter in the previous year, the business posted $4.60 earnings per share. The company’s revenue was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, sell-side analysts predict 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 disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a dividend of $2.30 per share. 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 2.5%. Home Depot’s payout ratio is presently 62.50%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. 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. Truist Financial boosted their target price on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Depot in a report on Wednesday, October 8th. Robert W. Baird lifted their price target on Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Finally, Mizuho boosted their price objective on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $435.00.

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Home Depot Company Profile

(Free Report)

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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