Hohimer Wealth Management LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 62.8% in the third quarter, Holdings Channel reports. The institutional investor owned 25,651 shares of the home improvement retailer’s stock after acquiring an additional 9,895 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Home Depot were worth $7,298,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in HD. Zeit Capital LLC acquired a new position in Home Depot in the second quarter valued at approximately $26,000. Next Level Wealth Planning LLC purchased a new position in Home Depot in the third quarter worth approximately $28,000. Principia Wealth Advisory LLC increased its stake in Home Depot by 60.4% during the second quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 32 shares during the last quarter. Navigoe LLC acquired a new stake in Home Depot during the second quarter worth $32,000. Finally, Livelsberger Financial Advisory acquired a new stake in Home Depot during the third quarter worth $32,000. Institutional investors and hedge funds own 70.86% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have commented on HD. Sanford C. Bernstein reduced their target price 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. TD Cowen reiterated a “buy” rating on shares of Home Depot in a report on Monday, August 10th. KeyCorp reissued a “sector weight” rating on shares of Home Depot in a research report on Wednesday, August 19th. Stifel Nicolaus cut their price objective on Home Depot from $346.00 to $322.00 and set a “hold” rating for the company in a research report on Monday, October 26th. Finally, DA Davidson restated a “buy” rating and issued a $377.00 price objective on shares of Home Depot in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $375.31.
Check Out Our Latest Analysis on HD
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 quick ratio of 0.31 and a current ratio of 1.08. The firm has a market cap 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 firm’s 50 day moving average price is $309.42 and its 200-day moving average price is $334.08. The Home Depot, Inc. has a one year low of $277.15 and a one 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. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.
Home Depot Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is currently 65.22%.
Insider Transactions at Home Depot
In related news, CFO Richard V. Mcphail sold 5,989 shares of the business’s stock in a transaction 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 approximately $16,759,433.60. The trade was a 11.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Kimberly R. Scardino sold 675 shares of the business’s stock in a transaction on 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 sale, the chief accounting officer owned 8,189 shares in the company, valued at $2,505,424.55. This represents a 7.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 9,829 shares of company stock valued at $3,339,314. Corporate 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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