The Home Depot, Inc. $HD Stock Sold by StrongBox Wealth LLC

StrongBox Wealth LLC cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 57.5% in the third quarter, Holdings Channel reports. The fund owned 5,739 shares of the home improvement retailer’s stock after selling 7,772 shares during the period. StrongBox Wealth LLC’s holdings in Home Depot were worth $1,633,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. B&D White Capital Company LLC acquired a new stake in Home Depot during the 3rd quarter valued at $17,559,000. Platform Technology Partners raised its position in Home Depot by 1.8% in the 3rd quarter. Platform Technology Partners now owns 11,755 shares of the home improvement retailer’s stock valued at $3,344,000 after purchasing an additional 208 shares during the last quarter. Quest 10 Wealth Builders Inc. raised its position in Home Depot by 43.7% in the 3rd quarter. Quest 10 Wealth Builders Inc. now owns 194 shares of the home improvement retailer’s stock valued at $55,000 after purchasing an additional 59 shares during the last quarter. Wealth Dimensions Group Ltd. boosted its stake in Home Depot by 2.6% in the third quarter. Wealth Dimensions Group Ltd. now owns 3,066 shares of the home improvement retailer’s stock worth $872,000 after purchasing an additional 79 shares in the last quarter. Finally, Bfsg LLC boosted its stake in Home Depot by 3.2% in the third quarter. Bfsg LLC now owns 15,488 shares of the home improvement retailer’s stock worth $4,406,000 after purchasing an additional 487 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

More Home Depot News

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

• Positive Sentiment: After the midterm elections, housing-related stocks rallied as Treasury yields eased and investors anticipated lower borrowing costs and potential housing-affordability measures. That backdrop has renewed interest in Home Depot and helped lift its shares recently. Home Depot jumped, what is driving attention now?
• Neutral Sentiment: Home Depot joined other companies objecting to a proposed tokenized-stock venue. The reports give no reason for the objection or indication of a direct effect on the retailer’s operations. Apple and Home Depot join list of objectors to tokenized stock plan
• Negative Sentiment: The housing backdrop remains a concern: housing turnover is historically weak, and Home Depot’s management has indicated that customers are waiting for greater certainty before taking on big projects. One reason to buy Home Depot stock during a weak housing market
• Negative Sentiment: Analysts have flagged potential margin headwinds from rising input and fuel costs, as well as acquisition-related product mix, despite tariff refunds supporting recent margins. Home Depot’s margin outlook faces inflationary headwinds

Insider Transactions at Home Depot

In other Home Depot news, EVP Michael Rowe sold 710 shares of the business’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 completion of the sale, the executive vice president directly owned 6,838 shares of the company’s stock, valued at approximately $2,302,764.88. The trade was a 9.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Teresa 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 transaction of $807,130.35. Following the transaction, the executive vice president owned 14,061 shares in the company, valued at approximately $4,622,834.97. The trade was a 14.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,829 shares of company stock valued at $3,339,314 in the last three months. Company insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the topic of several research analyst reports. Sanford C. Bernstein decreased their target price on Home Depot from $354.00 to $344.00 and set a “market perform” rating on the stock in a report on Wednesday, September 9th. DA Davidson reaffirmed a “buy” rating and issued a $377.00 price target on shares of Home Depot in a report on Wednesday, August 19th. Guggenheim reiterated a “buy” rating and set a $425.00 price target on shares of Home Depot in a research report on Wednesday, August 19th. Mizuho increased their price objective on shares of Home Depot from $385.00 to $390.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Finally, Argus restated a “buy” rating and issued a $400.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. One research 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $375.31.

Home Depot Stock Down 1.5%

Shares of HD opened at $349.96 on Friday. The firm has a market capitalization of $349.15 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 2.53 and a beta of 0.93. 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 business’s fifty day moving average price is $309.12 and its two-hundred day moving average price is $334.24. The Home Depot, Inc. has a 52 week low of $277.15 and a 52 week high of $397.63.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, beating the consensus estimate of $4.73 by $0.19. The company had revenue of $47.86 billion during the quarter, compared to analysts’ expectations of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period 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 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were given a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is presently 65.22%.

Home Depot Company Profile

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors, and other building and maintenance professionals. The company sells a broad selection of building materials, hardware, tools, appliances, paint, plumbing and electrical supplies, flooring, lighting, lawn and garden products, and home décor.

In addition to merchandise, Home Depot offers services such as product delivery, tool and equipment rental, credit services, and installation for selected products.