The Home Depot, Inc. $HD Stock: StoneX Group Inc. Grows Stake

StoneX Group Inc. boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 21.5% in the 3rd quarter, Holdings Channel reports. The firm owned 21,304 shares of the home improvement retailer’s stock after buying an additional 3,769 shares during the period. StoneX Group Inc.’s holdings in Home Depot were worth $6,132,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Zeit Capital LLC bought a new position in shares of Home Depot in the second quarter valued at $26,000. Next Level Wealth Planning LLC acquired a new stake in shares of Home Depot during the 3rd quarter valued at $28,000. Principia Wealth Advisory LLC lifted its position in shares of Home Depot by 60.4% during the 2nd quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 32 shares during the last quarter. Navigoe LLC acquired a new stake in shares of Home Depot during the 2nd quarter valued at $32,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Home Depot during the 3rd quarter worth $32,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Michael Rowe sold 710 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total value of $239,099.60. Following the completion of the sale, the executive vice president owned 6,838 shares in the company, valued at $2,302,764.88. This represents a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Teresa Roseborough sold 2,455 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $328.77, for a total value of $807,130.35. Following the completion of the sale, the executive vice president directly owned 14,061 shares of the company’s stock, valued at approximately $4,622,834.97. This trade represents a 14.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 9,829 shares of company stock valued at $3,339,314 in the last 90 days. Company insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HD shares. KeyCorp restated a “sector weight” rating on shares of Home Depot in a report on Wednesday, August 19th. TD Cowen reaffirmed a “buy” rating on shares of Home Depot in a research report on Monday, August 10th. Jefferies Financial Group reaffirmed a “buy” rating and set a $398.00 target price on shares of Home Depot in a report on Tuesday, August 18th. Sanford C. Bernstein decreased their price target on Home Depot from $354.00 to $344.00 and set a “market perform” rating for the company in a research report on Wednesday, September 9th. Finally, Mizuho increased their price target on Home Depot from $385.00 to $390.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $375.31.

Home Depot Stock Down 1.8%

HD stock opened at $343.48 on Friday. The Home Depot, Inc. has a 52-week low of $277.15 and a 52-week high of $397.63. The company’s 50 day simple moving average is $309.42 and its 200-day simple moving average is $334.08. 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 capitalization 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.

Home Depot (NYSE:HD) last issued its quarterly 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. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The business had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the prior year, the firm earned $4.68 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were paid a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot’s payout ratio is 65.22%.

Home Depot Company 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.