The Home Depot, Inc. $HD Stock: Cabot Wealth Management Inc. Cuts Position

Cabot Wealth Management Inc. decreased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 26.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,123 shares of the home improvement retailer’s stock after selling 8,707 shares during the quarter. Cabot Wealth Management Inc.’s holdings in Home Depot were worth $6,863,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HD. Zeit Capital LLC acquired a new position in shares of Home Depot during the second quarter worth about $26,000. Next Level Wealth Planning LLC acquired a new stake in Home Depot in the third quarter valued at approximately $28,000. Principia Wealth Advisory LLC raised its holdings in Home Depot by 60.4% in the second 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 in the last quarter. Navigoe LLC purchased a new position in Home Depot in the second quarter worth approximately $32,000. Finally, Livelsberger Financial Advisory purchased a new position in Home Depot in the third quarter worth approximately $32,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity at Home Depot

In related news, EVP Michael Rowe sold 710 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total value of $239,099.60. Following the transaction, the executive vice president directly owned 6,838 shares of the company’s stock, valued at $2,302,764.88. This trade represents a 9.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Richard McPhail sold 5,989 shares of Home Depot stock in a transaction on 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 sale, the chief financial officer owned 48,104 shares in the company, valued at $16,759,433.60. This represents a 11.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 9,829 shares of company stock worth $3,339,314. Corporate insiders own 0.08% of the company’s stock.

Home Depot Price Performance

HD stock opened at $351.36 on Thursday. The business has a 50 day moving average price of $310.98 and a 200 day moving average price of $333.61. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The stock has a market cap of $350.55 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 2.50 and a beta of 0.93. The Home Depot, Inc. has a fifty-two week low of $277.15 and a fifty-two week high of $397.63.

Home Depot (NYSE:HD) last announced 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 company had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same period in the prior year, the firm posted $4.68 earnings per share. The firm’s 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. Equities research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have commented on HD shares. KeyCorp reiterated a “sector weight” rating on shares of Home Depot in a report on Wednesday, August 19th. Melius Research set a $397.00 price objective on shares of Home Depot in a report on Tuesday, October 6th. Mizuho lifted their price objective on shares of Home Depot from $385.00 to $390.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Stifel Nicolaus lowered their target price on shares of Home Depot from $346.00 to $322.00 and set a “hold” rating for the company in a research note on Monday, October 26th. Finally, UBS Group reiterated a “buy” rating on shares of Home Depot in a research note on Thursday, September 17th. 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 issued a Sell rating to the company’s stock. According to MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.90.

Key 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

Home Depot 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.