King Luther Capital Management Corp cut its stake in The Home Depot, Inc. (NYSE:HD – Free Report) by 3.9% in the third quarter, Holdings Channel reports. The firm owned 1,108,816 shares of the home improvement retailer’s stock after selling 45,275 shares during the period. Home Depot comprises 1.3% of King Luther Capital Management Corp’s holdings, making the stock its 13th largest position. King Luther Capital Management Corp’s holdings in Home Depot were worth $315,447,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Bingham Private Wealth LLC increased its stake in shares of Home Depot by 3.0% in the third quarter. Bingham Private Wealth LLC now owns 1,123 shares of the home improvement retailer’s stock worth $319,000 after acquiring an additional 33 shares during the period. Maryland State Retirement & Pension System acquired a new stake in Home Depot during the third quarter valued at $17,428,000. Pavion Blue Capital LLC purchased a new stake in shares of Home Depot during the 3rd quarter worth about $1,169,000. NBH Bank grew its holdings in Home Depot by 2.0% in the third quarter. NBH Bank now owns 3,999 shares of the home improvement retailer’s stock valued at $1,138,000 after purchasing an additional 79 shares during the period. Finally, Joel Isaacson & Co. LLC grew its stake in Home Depot by 2.6% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 17,028 shares of the home improvement retailer’s stock valued at $4,844,000 after acquiring an additional 425 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.
Top Home Depot Stories
Here are a few of the latest stories about HD:
- Positive Sentiment: Bank of America Securities maintained its Buy rating on HD, signaling continued confidence in the shares. Bank of America Securities Sticks to Their Buy Rating for Home Depot
- Positive Sentiment: Recent comparable-sales growth of 1.7%, strong professional-customer demand and digital gains point to resilience despite uneven demand. Wall Street is also expecting earnings growth, with one preview citing factors that could support an earnings beat. Can Home Depot Sustain Comparable Sales Growth Amid Uneven Demand? Home Depot Reports Next Week: Wall Street Expects Earnings Growth
- Negative Sentiment: Elevated mortgage rates, sluggish housing activity and weak customer transactions cloud the sales outlook; an earnings analysis argues transactions need to turn positive to sustain the investment case. Comparable-sales outlook Home Depot: Hold Into Q3 Earnings, Transactions Must Turn Positive
Home Depot Trading Up 0.1%
Shares of HD stock opened at $351.36 on Thursday. 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 firm has a market cap of $350.55 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 2.50 and a beta of 0.93. The company has a 50-day moving average of $310.98 and a two-hundred day moving average of $333.61. The Home Depot, Inc. has a 1-year low of $277.15 and a 1-year high of $397.63.
Home Depot (NYSE:HD – Get Free Report) last posted 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. The firm had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.
Home Depot Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were paid 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 dividend yield of 2.7%. Home Depot’s payout ratio is presently 65.22%.
Insider Transactions at Home Depot
In related news, EVP Teresa Roseborough sold 2,455 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $328.77, for a total transaction of $807,130.35. Following the completion of the transaction, the executive vice president directly owned 14,061 shares in the company, valued at $4,622,834.97. This trade represents a 14.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Kimberly R. Scardino sold 675 shares of Home Depot stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $305.95, for a total value of $206,516.25. Following the completion of the transaction, the chief accounting officer directly owned 8,189 shares of the company’s stock, valued at approximately $2,505,424.55. This represents a 7.62% 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 valued at $3,339,314. Corporate insiders own 0.08% of the company’s stock.
Analyst Upgrades and Downgrades
HD has been the topic of a number of research analyst reports. Mizuho lifted their price target on Home Depot from $385.00 to $390.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Sanford C. Bernstein increased their price objective on Home Depot from $344.00 to $357.00 and gave the company a “market perform” rating in a research note on Tuesday. Jefferies Financial Group reissued a “buy” rating and issued a $398.00 price objective on shares of Home Depot in a research note on Tuesday, August 18th. Stifel Nicolaus decreased their price objective on Home Depot from $346.00 to $322.00 and set a “hold” rating on the stock in a report on Monday, October 26th. Finally, UBS Group reissued a “buy” rating on shares of Home Depot in a research note on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.90.
Get Our Latest Stock Analysis on Home Depot
Home Depot Profile
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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