Dynamic Advisor Solutions LLC Acquires 1,848 Shares of The Home Depot, Inc. $HD

by · The Markets Daily

Dynamic Advisor Solutions LLC boosted its position in The Home Depot, Inc. (NYSE:HDFree Report) by 4.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,611 shares of the home improvement retailer’s stock after purchasing an additional 1,848 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Home Depot were worth $16,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Sarasin & Partners LLP lifted its stake in Home Depot by 1.0% in the second quarter. Sarasin & Partners LLP now owns 670,684 shares of the home improvement retailer’s stock worth $245,900,000 after purchasing an additional 6,427 shares during the last quarter. Lineweaver Wealth Advisors LLC lifted its stake in Home Depot by 1.8% in the second quarter. Lineweaver Wealth Advisors LLC now owns 10,895 shares of the home improvement retailer’s stock worth $3,995,000 after purchasing an additional 191 shares during the last quarter. Defined Wealth Management LLC lifted its stake in Home Depot by 2.5% in the second quarter. Defined Wealth Management LLC now owns 2,193 shares of the home improvement retailer’s stock worth $804,000 after purchasing an additional 53 shares during the last quarter. Stokes Capital Advisors LLC lifted its stake in Home Depot by 2.2% in the second quarter. Stokes Capital Advisors LLC now owns 20,835 shares of the home improvement retailer’s stock worth $7,639,000 after purchasing an additional 448 shares during the last quarter. Finally, DLK Investment Management LLC lifted its stake in Home Depot by 1.5% in the second quarter. DLK Investment Management LLC now owns 15,217 shares of the home improvement retailer’s stock worth $5,579,000 after purchasing an additional 220 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on HD. Stifel Nicolaus raised their price objective on shares of Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research note on Monday, August 18th. Evercore ISI set a $400.00 price objective on shares of Home Depot and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. DA Davidson reissued a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. TD Securities downgraded shares of Home Depot to a “buy” rating in a research note on Monday, June 2nd. Finally, Guggenheim reaffirmed a “buy” rating and set a $450.00 price target on shares of Home Depot in a research note on Wednesday, May 21st. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $432.52.

Read Our Latest Report on HD

Home Depot Stock Performance

Home Depot stock opened at $416.49 on Thursday. The company has a 50 day moving average price of $393.14 and a 200-day moving average price of $373.05. 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 Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The company has a market capitalization of $414.57 billion, a PE ratio of 28.29, a P/E/G ratio of 4.00 and a beta of 1.00.

Home Depot (NYSE:HDGet Free Report) last issued its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). The business had revenue of $45.28 billion for the quarter, compared to analysts’ expectations of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be issued a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. Home Depot’s payout ratio is currently 62.50%.

Insiders Place Their Bets

In other Home Depot news, EVP Angie Brown sold 1,000 shares of Home Depot 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 transaction, the executive vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William D. Bastek sold 3,783 shares of Home Depot stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the completion of the transaction, the executive vice president directly owned 24,235 shares in the company, valued at $9,941,924.05. This represents a 13.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is currently owned by company insiders.

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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