24,726 Shares in The Home Depot, Inc. $HD Purchased by Puzo Michael J

Puzo Michael J bought a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the second quarter, Holdings Channel reports. The fund bought 24,726 shares of the home improvement retailer’s stock, valued at approximately $8,720,000. Home Depot makes up approximately 2.2% of Puzo Michael J’s holdings, making the stock its 18th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Home Depot during the second quarter valued at approximately $28,771,247,000. State Street Corp lifted its stake in Home Depot by 1.8% in the 4th quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer’s stock worth $16,147,010,000 after purchasing an additional 825,164 shares in the last quarter. Geode Capital Management LLC lifted its stake in Home Depot by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock worth $8,151,344,000 after purchasing an additional 343,153 shares in the last quarter. Bank of America Corp DE boosted its holdings in Home Depot by 1.6% in the 1st quarter. Bank of America Corp DE now owns 16,314,357 shares of the home improvement retailer’s stock valued at $5,365,629,000 after purchasing an additional 250,825 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Home Depot by 7.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,471,132 shares of the home improvement retailer’s stock valued at $5,323,620,000 after purchasing an additional 1,113,114 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $398.00 price target on shares of Home Depot in a report on Tuesday, August 18th. Gordon Haskett lifted their price objective on Home Depot from $320.00 to $330.00 in a research note on Friday, June 12th. Sanford C. Bernstein restated a “market perform” rating and set a $354.00 target price on shares of Home Depot in a research report on Wednesday, August 19th. Citigroup decreased their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Finally, Wolfe Research cut Home Depot from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 23rd. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average price target of $375.54.

Insider Activity at Home Depot

In other news, CFO Richard V. Mcphail sold 5,989 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the transaction, the chief financial officer directly owned 48,104 shares in the company, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.08% of the company’s stock.

Key Stories Impacting Home Depot

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Home Depot reported fiscal second-quarter revenue of $47.86 billion, up 5.7% year over year and ahead of consensus estimates. Adjusted diluted EPS of $4.92 also exceeded the $4.73 analyst expectation. Home Depot Beat Q2 Estimates
• Positive Sentiment: A nationwide three-hour delivery service could help HD compete with Walmart and Target for e-commerce orders, improve convenience and support sales of home-improvement products. Home Depot Three-Hour Delivery
• Positive Sentiment: Analysts and investor-focused commentary continue to highlight Home Depot’s 17-year dividend growth streak and long-term shareholder returns, offering support while investors wait for housing conditions to improve. Home Depot Dividend Streak

Home Depot Stock Performance

Home Depot stock opened at $334.97 on Thursday. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. 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 stock has a market cap of $334.01 billion, a P/E ratio of 23.44, a price-to-earnings-growth ratio of 3.72 and a beta of 0.95. The firm’s fifty day moving average price is $341.18 and its 200-day moving average price is $339.21.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.73 by $0.19. The company had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities research analysts expect that The Home Depot, Inc. will post 14.99 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be issued a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, September 3rd. Home Depot’s dividend payout ratio is presently 65.22%.

Home Depot 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.