Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in The Home Depot, Inc. (NYSE:HD – Free Report) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 6,554 shares of the home improvement retailer’s stock, valued at approximately $2,309,000.
Several other institutional investors have also recently made changes to their positions in the stock. Curio Wealth LLC boosted its holdings in shares of Home Depot by 13.5% in the 4th quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer’s stock valued at $76,000 after buying an additional 26 shares during the last quarter. Moneco Advisors LLC grew its stake in shares of Home Depot by 0.3% in the fourth quarter. Moneco Advisors LLC now owns 8,743 shares of the home improvement retailer’s stock valued at $3,008,000 after buying an additional 27 shares in the last quarter. Noesis Capital Mangement Corp increased its holdings in Home Depot by 1.5% during the fourth quarter. Noesis Capital Mangement Corp now owns 1,770 shares of the home improvement retailer’s stock worth $609,000 after buying an additional 27 shares during the last quarter. Eubel Brady & Suttman Asset Management Inc. increased its holdings in Home Depot by 1.3% during the fourth quarter. Eubel Brady & Suttman Asset Management Inc. now owns 2,130 shares of the home improvement retailer’s stock worth $733,000 after buying an additional 27 shares during the last quarter. Finally, Mill Capital Management LLC increased its holdings in Home Depot by 0.4% during the fourth quarter. Mill Capital Management LLC now owns 7,377 shares of the home improvement retailer’s stock worth $2,538,000 after buying an additional 27 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.
Home Depot Stock Performance
NYSE:HD opened at $318.63 on Thursday. The stock has a market cap of $317.89 billion, a P/E ratio of 22.30, a PEG ratio of 3.52 and a beta of 0.95. The stock has a 50 day simple moving average of $340.43 and a 200 day simple moving average of $337.03. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75.
Home Depot Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be given a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, September 3rd. Home Depot’s payout ratio is presently 65.22%.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on HD. Guggenheim reiterated a “buy” rating and issued a $425.00 price target on shares of Home Depot in a research note on Wednesday, August 19th. Piper Sandler lowered their price objective on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Mizuho upped their target price on shares of Home Depot from $385.00 to $390.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Wolfe Research downgraded shares of Home Depot from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 23rd. Finally, Wells Fargo & Company lifted their price target on Home Depot from $360.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $375.54.
Read Our Latest Stock Analysis on Home Depot
Home Depot News Roundup
Here are the key news stories impacting Home Depot this week:
- Positive Sentiment: Home Depot’s AI-powered Magic Apron tools are now available across U.S. stores, providing localized product search and project assistance. The technology could improve customer engagement and support the company’s professional-customer growth strategy. Home Depot Could Be 15% Undervalued On Its Pro Growth Narrative
- Positive Sentiment: Zacks Research modestly raised its fiscal 2027 EPS forecast for HD to $15.03 from $14.95, while analysts continue to project earnings growth through fiscal 2029. The company also recently exceeded quarterly EPS and revenue expectations, offering some fundamental support. Home Depot Faces Weak DIY Demand
- Positive Sentiment: A regional competitor, Earl May, reportedly plans to close roughly one-quarter of its stores. While the impact is likely limited, store closures could reduce competition in some local markets. Earl May Closing Stores
Insider Activity at Home Depot
In related news, EVP Teresa Wynn Roseborough sold 2,455 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $328.77, for a total value of $807,130.35. Following the transaction, the executive vice president directly owned 14,061 shares in the company, valued at approximately $4,622,834.97. This represents a 14.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael F. Rowe sold 710 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total transaction of $239,099.60. Following the transaction, the executive vice president directly owned 6,838 shares in the company, valued at approximately $2,302,764.88. This represents a 9.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 9,154 shares of company stock worth $3,132,798. Corporate insiders own 0.08% of the company’s stock.
About Home Depot
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.
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