2,728 The Home Depot, Inc. $HD Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund decreased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,556 shares of the home improvement retailer’s stock after selling 2,728 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Home Depot were worth $16,943,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Winning Points Advisors LLC grew its holdings in shares of Home Depot by 1.0% during the second quarter. Winning Points Advisors LLC now owns 2,891 shares of the home improvement retailer’s stock valued at $1,020,000 after buying an additional 30 shares during the last quarter. Beaird Harris Wealth Management LLC increased its position in shares of Home Depot by 1.6% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 1,945 shares of the home improvement retailer’s stock valued at $686,000 after acquiring an additional 31 shares during the period. Family Capital Management Inc. increased its position in shares of Home Depot by 3.4% in the 3rd quarter. Family Capital Management Inc. now owns 949 shares of the home improvement retailer’s stock valued at $270,000 after acquiring an additional 31 shares during the period. Poehling Capital Management INC. raised its stake in Home Depot by 3.1% in the 2nd quarter. Poehling Capital Management INC. now owns 1,054 shares of the home improvement retailer’s stock worth $372,000 after acquiring an additional 32 shares during the last quarter. Finally, Cornerstone Wealth Management LLC raised its stake in Home Depot by 0.3% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 11,140 shares of the home improvement retailer’s stock worth $3,929,000 after acquiring an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In other Home Depot news, EVP Michael Rowe sold 710 shares of Home Depot 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 transaction, the executive vice president owned 6,838 shares in the company, valued at approximately $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 this link. Also, CFO Richard McPhail sold 5,989 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total value of $2,086,567.60. Following the completion of the transaction, the chief financial officer directly owned 48,104 shares of the company’s stock, valued at approximately $16,759,433.60. This trade represents a 11.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 9,829 shares of company stock worth $3,339,314. Corporate insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on HD shares. Stifel Nicolaus lowered their price target on Home Depot from $346.00 to $322.00 and set a “hold” rating for the company in a research report on Monday, October 26th. Mizuho boosted their price target on Home Depot from $385.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. TD Cowen reissued a “buy” rating on shares of Home Depot in a report on Monday, August 10th. JPMorgan Chase & Co. raised their price objective on Home Depot from $396.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, UBS Group restated a “buy” rating on shares of Home Depot in a research note on Thursday, September 17th. One 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. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $375.90.

Latest Home Depot News

Here’s some of the latest news about HD:

• Positive Sentiment: Recent comparable-sales growth of 1.7%, strong professional-customer demand and digital gains point to resilience despite uneven demand. Wall Street is also expecting earnings growth, with one preview citing factors that could support an earnings beat. Can Home Depot Sustain Comparable Sales Growth Amid Uneven Demand? Home Depot Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Elevated mortgage rates, sluggish housing activity and weak customer transactions cloud the sales outlook; an earnings analysis argues transactions need to turn positive to sustain the investment case. Comparable-sales outlook Home Depot: Hold Into Q3 Earnings, Transactions Must Turn Positive
• 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 Stock Up 0.1%

HD stock opened at $351.36 on Thursday. The company has a market capitalization of $350.55 billion, a P/E ratio of 24.59, a price-to-earnings-growth ratio of 2.50 and a beta of 0.93. The Home Depot, Inc. has a 12 month low of $277.15 and a 12 month high of $397.63. The firm’s fifty day simple moving average is $310.98 and its 200-day simple moving average is $333.61. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31.

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, topping the consensus estimate of $4.73 by $0.19. The firm 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 firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company posted $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were given 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 dividend payout ratio (DPR) is currently 65.22%.

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.