R. W. Roge & Company Inc. purchased a new stake in The Home Depot, Inc. (NYSE:HD – Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,976 shares of the home improvement retailer’s stock, valued at approximately $562,000.
Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Home Depot during the second quarter worth about $28,771,247,000. State Street Corp boosted its position in shares of Home Depot by 1.1% in the second quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer’s stock worth $16,637,688,000 after buying an additional 499,168 shares during the period. Bank of America Corp DE acquired a new stake in shares of Home Depot in the second quarter valued at about $5,780,468,000. Bank of New York Mellon Corp acquired a new stake in shares of Home Depot in the second quarter valued at about $2,777,396,000. Finally, Corient Private Wealth LP acquired a new stake in shares of Home Depot in the second quarter valued at about $390,913,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.
Home Depot Stock Performance
Shares of HD stock opened at $343.48 on Monday. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31. The company’s fifty day moving average price is $309.42 and its two-hundred day moving average price is $334.08. The firm has a market capitalization of $342.69 billion, a P/E ratio of 24.04, a P/E/G ratio of 2.44 and a beta of 0.93. The Home Depot, Inc. has a 12 month low of $277.15 and a 12 month high of $397.63.
Home Depot (NYSE:HD – Get Free Report) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, beating the consensus estimate of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The company had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same period last year, the firm earned $4.68 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.
Home Depot Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were issued a $2.33 dividend. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a yield of 2.7%. Home Depot’s dividend payout ratio is currently 65.22%.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on HD. Melius Research set a $397.00 target price on Home Depot in a report on Tuesday, October 6th. Sanford C. Bernstein reduced their price target on Home Depot from $354.00 to $344.00 and set a “market perform” rating on the stock in a research report on Wednesday, September 9th. DA Davidson restated a “buy” rating and issued a $377.00 price target on shares of Home Depot in a report on Wednesday, August 19th. Wells Fargo & Company increased their price objective on shares of Home Depot from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $425.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $375.31.
Check Out Our Latest Stock Report on Home Depot
Insiders Place Their Bets
In other Home Depot news, CAO Kimberly Scardino sold 675 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $305.95, for a total transaction of $206,516.25. Following the completion of the sale, the chief accounting officer owned 8,189 shares in the company, valued at $2,505,424.55. This trade represents a 7.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard McPhail sold 5,989 shares of Home Depot stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total value of $2,086,567.60. Following the sale, the chief financial officer owned 48,104 shares in the company, valued at $16,759,433.60. This represents a 11.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 9,829 shares of company stock worth $3,339,314. Company insiders own 0.08% of the company’s stock.
About Home Depot
The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and other businesses. The company sells building materials, tools, hardware, appliances, paint, flooring, and products for home maintenance, repair and renovation, as well as lawn and garden supplies.
In addition to its retail stores and online channels, Home Depot offers services such as product delivery, equipment rental and home improvement installation. The company was founded in 1978 and is headquartered in Atlanta, Georgia.
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