The Home Depot, Inc. $HD Holdings Lessened by CFM Wealth Partners LLC

CFM Wealth Partners LLC cut its stake in The Home Depot, Inc. (NYSE:HD) by 28.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,409 shares of the home improvement retailer’s stock after selling 3,794 shares during the period. CFM Wealth Partners LLC’s holdings in Home Depot were worth $2,677,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HD. BlackRock Inc. acquired a new stake in Home Depot in the 2nd quarter valued at about $28,771,247,000. State Street Corp boosted its stake in shares of Home Depot by 1.1% in the 2nd quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer’s stock valued at $16,637,688,000 after buying an additional 499,168 shares during the period. Bank of America Corp DE purchased a new position in shares of Home Depot in the 2nd quarter valued at about $5,780,468,000. Bank of New York Mellon Corp acquired a new position in shares of Home Depot during the second quarter worth about $2,777,396,000. Finally, Corient Private Wealth LP acquired a new position in shares of Home Depot during the second quarter worth about $390,913,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HD has been the topic of a number of recent research reports. Jefferies Financial Group restated a “buy” rating and set a $398.00 target price on shares of Home Depot in a research note on Tuesday, August 18th. Melius Research set a $397.00 price target on shares of Home Depot in a research note on Tuesday, October 6th. UBS Group reiterated a “buy” rating on shares of Home Depot in a research note on Thursday, September 17th. Mizuho boosted their price target 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, Truist Financial increased their price objective on shares of Home Depot from $369.00 to $373.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.90.

Home Depot Stock Up 0.1%

HD stock opened at $351.36 on Thursday. The stock has a market cap of $350.55 billion, a P/E ratio of 23.70, a PEG ratio of 2.50 and a beta of 0.93. 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 twelve month low of $277.15 and a twelve month high of $397.63. The company’s 50 day moving average is $310.98 and its two-hundred day moving average is $333.61.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $0.19. The business had revenue of $47.86 billion during the quarter, compared to analysts’ expectations of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Roseborough sold 2,455 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was 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 of the company’s stock, valued at approximately $4,622,834.97. This trade represents a 14.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Kimberly R. Scardino sold 675 shares of Home Depot stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $305.95, for a total value of $206,516.25. Following the sale, the chief accounting officer owned 8,189 shares in the company, valued at $2,505,424.55. This trade represents a 7.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,829 shares of company stock valued at $3,339,314 in the last ninety days. 0.08% of the stock is currently owned by insiders.

More Home Depot News

Investors following HD have been watching these news items:

• Positive Sentiment: Bank of America Securities maintained its Buy rating on HD, signaling continued confidence in the shares. Bank of America Securities Sticks to Their Buy Rating for Home Depot
• Neutral Sentiment: Bernstein raised its price target from $344 to $357 but kept a Market Perform rating, suggesting a modestly improved valuation view without a bullish change in recommendation. Bernstein price-target update
• Negative Sentiment: HD is facing technical pressure ahead of earnings, which could weigh on the shares in the near term, particularly if results or guidance disappoint. Home Depot Stock Running into Technical Pressure Before Earnings

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.