SteelPeak Wealth LLC Has $12.88 Million Holdings in The Home Depot, Inc. $HD

SteelPeak Wealth LLC raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 13.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 31,782 shares of the home improvement retailer’s stock after purchasing an additional 3,717 shares during the period. SteelPeak Wealth LLC’s holdings in Home Depot were worth $12,878,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Legend Financial Advisors Inc. purchased a new position in Home Depot during the second quarter valued at approximately $28,000. Sagard Holdings Management Inc. acquired a new stake in shares of Home Depot during the 2nd quarter valued at $29,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Home Depot during the 2nd quarter valued at $32,000. Dougherty Wealth Advisers LLC purchased a new position in shares of Home Depot during the 3rd quarter valued at $38,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Home Depot in the second quarter worth $35,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Up 0.5%

Shares of HD stock opened at $345.87 on Friday. The stock’s 50 day simple moving average is $357.16 and its 200 day simple moving average is $377.64. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $426.75. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The company has a market capitalization of $344.32 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 12.88 and a beta of 1.08.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The company had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. During the same period in the previous year, the company earned $3.78 EPS. The firm’s revenue for the quarter 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. As a group, research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were paid a $2.30 dividend. The ex-dividend date was Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.7%. Home Depot’s dividend payout ratio (DPR) is presently 62.71%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. KGI Securities cut Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price objective for the company. in a research report on Wednesday, November 19th. Argus cut their price target on Home Depot from $450.00 to $425.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Daiwa Capital Markets boosted their price target on Home Depot from $348.00 to $360.00 and gave the company a “neutral” rating in a research note on Tuesday, December 16th. Guggenheim dropped their price objective on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Finally, HSBC reduced their target price on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a research note on Wednesday, November 19th. Twenty-one analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $402.10.

Insider Buying and Selling

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,872 shares of the business’s stock in a transaction on Friday, December 26th. The shares were sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the completion of the transaction, the executive vice president owned 13,196 shares of the company’s stock, valued at $4,599,069.92. The trade was a 17.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Angie Brown sold 1,946 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $357.63, for a total transaction of $695,947.98. Following the sale, the executive vice president owned 3,941 shares of the company’s stock, valued at $1,409,419.83. This trade represents a 33.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,963 shares of company stock worth $1,748,845 in the last quarter. 0.10% of the stock is currently owned by company insiders.

Home Depot Company Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.