Grant Private Wealth Management Inc Has $698,000 Holdings in The Home Depot, Inc. $HD

Grant Private Wealth Management Inc lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 83.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,722 shares of the home improvement retailer’s stock after selling 8,632 shares during the period. Grant Private Wealth Management Inc’s holdings in Home Depot were worth $698,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in HD. Mainstay Capital Management LLC ADV acquired a new position in shares of Home Depot in the second quarter worth $263,000. WealthPlan Investment Management LLC purchased a new position in Home Depot in the second quarter valued at about $1,149,000. Tower View Wealth Management LLC increased its position in Home Depot by 4.3% in the 2nd quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock worth $5,938,000 after purchasing an additional 671 shares during the last quarter. Ransom Advisory Ltd purchased a new stake in shares of Home Depot during the 1st quarter worth about $3,851,000. Finally, Shell Asset Management Co. raised its stake in shares of Home Depot by 45.2% during the 2nd quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock worth $17,663,000 after purchasing an additional 15,002 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Argus dropped their price objective on Home Depot from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Jefferies Financial Group reissued a “buy” rating and issued a $424.00 target price on shares of Home Depot in a research report on Wednesday, December 10th. The Goldman Sachs Group restated a “buy” rating and set a $413.00 price target on shares of Home Depot in a research note on Wednesday, December 10th. Evercore ISI reduced their price objective on shares of Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Finally, Truist Financial set a $390.00 price objective on shares of Home Depot in a report on Wednesday. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average price target of $402.07.

Insider Activity at Home Depot

In other news, EVP Ann Marie Campbell sold 145 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total value of $51,947.70. Following the completion of the sale, the executive vice president directly owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. This represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Angie Brown sold 1,946 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the completion of the sale, the executive vice president owned 3,941 shares in the company, valued at approximately $1,409,419.83. The trade was a 33.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by corporate insiders.

Home Depot Price Performance

NYSE HD opened at $356.65 on Thursday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $426.75. The company has a fifty day simple moving average of $366.47 and a 200 day simple moving average of $379.04. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82. The company has a market cap of $355.04 billion, a P/E ratio of 24.31, a P/E/G ratio of 13.14 and a beta of 1.06.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter last year, the business earned $3.78 EPS. The business’s revenue was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, December 4th. Home Depot’s payout ratio is currently 62.71%.

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.