Tiemann Investment Advisors LLC Makes New Investment in The Home Depot, Inc. $HD

Tiemann Investment Advisors LLC bought a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,726 shares of the home improvement retailer’s stock, valued at approximately $962,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advocate Investing Services LLC purchased a new position in Home Depot during the 4th quarter valued at $25,000. Zeit Capital LLC purchased a new stake in shares of Home Depot in the 2nd quarter worth about $26,000. Parvin Asset Management LLC boosted its stake in shares of Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 33 shares in the last quarter. Cache Advisors LLC purchased a new position in shares of Home Depot during the first quarter valued at about $27,000. Finally, Merkkuri Wealth Advisors LLC purchased a new position in shares of Home Depot during the first quarter valued at about $28,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the topic of several research reports. Morgan Stanley cut their price objective on Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Evercore lowered their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Telsey Advisory Group dropped their price target on Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. UBS Group decreased their price objective on Home Depot from $430.00 to $420.00 and set a “buy” rating for the company in a report on Wednesday, August 19th. Finally, Oppenheimer lowered their price objective on Home Depot from $405.00 to $310.00 and set a “market perform” rating for the company in a research report on Monday, May 18th. Eighteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.54.

Insider Transactions at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 5,989 shares of Home Depot 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. The trade was a 11.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.08% of the company’s stock.

Home Depot Stock Up 0.6%

Shares of NYSE:HD opened at $337.54 on Tuesday. 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 stock has a fifty day simple moving average of $341.02 and a two-hundred day simple moving average of $339.89. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The stock has a market capitalization of $336.56 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 3.70 and a beta of 0.95.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping analysts’ consensus estimates of $4.73 by $0.19. The firm had revenue of $47.86 billion for 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 company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 14.99 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is currently 65.22%.

Home Depot Company Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.