Kimelman & Baird LLC Makes New Investment in The Home Depot, Inc. $HD

Kimelman & Baird LLC bought a new stake in The Home Depot, Inc. (NYSE:HD) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 116,890 shares of the home improvement retailer’s stock, valued at approximately $41,225,000. Home Depot makes up 2.2% of Kimelman & Baird LLC’s portfolio, making the stock its 19th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Bank of Nova Scotia bought a new position in Home Depot in the 2nd quarter worth approximately $118,723,000. Gator Capital Management LLC bought a new stake in Home Depot during the 4th quarter valued at $3,693,000. AFT Forsyth & Company Inc. purchased a new stake in shares of Home Depot during the second quarter worth $1,896,000. King Luther Capital Management Corp lifted its position in shares of Home Depot by 0.6% during the fourth quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer’s stock worth $426,848,000 after acquiring an additional 7,180 shares in the last quarter. Finally, E Fund Management Co. Ltd. bought a new position in shares of Home Depot in the second quarter worth $3,915,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 2,455 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $328.77, for a total value of $807,130.35. Following the sale, the executive vice president directly owned 14,061 shares of the company’s stock, valued at $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 is available through the SEC website. Also, EVP Michael F. Rowe sold 710 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the sale, the executive vice president directly 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 SEC filing for this sale provides additional information. Over the last three months, insiders have sold 9,154 shares of company stock worth $3,132,798. Insiders own 0.08% of the company’s stock.

More Home Depot News

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Home Depot’s AI-powered Magic Apron tools are now available across U.S. stores, providing localized product search and project assistance. The technology could improve customer engagement and support the company’s professional-customer growth strategy. Home Depot Could Be 15% Undervalued On Its Pro Growth Narrative
• Positive Sentiment: Zacks Research modestly raised its fiscal 2027 EPS forecast for HD to $15.03 from $14.95, while analysts continue to project earnings growth through fiscal 2029. The company also recently exceeded quarterly EPS and revenue expectations, offering some fundamental support. Home Depot Faces Weak DIY Demand
• Positive Sentiment: A regional competitor, Earl May, reportedly plans to close roughly one-quarter of its stores. While the impact is likely limited, store closures could reduce competition in some local markets. Earl May Closing Stores

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wall Street Zen upgraded Home Depot from a “sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Truist Financial raised their target price on Home Depot from $369.00 to $373.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. BNP Paribas Exane reduced their target price on Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. Royal Bank Of Canada decreased their price target on Home Depot from $343.00 to $342.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 19th. Finally, Argus reissued a “buy” rating and issued a $400.00 price target on shares of Home Depot in a report on Wednesday, August 19th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.54.

Home Depot Trading Down 0.4%

Shares of HD stock opened at $318.63 on Thursday. The company has a market capitalization of $317.89 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 3.52 and a beta of 0.95. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The business’s fifty day moving average is $340.43 and its 200 day moving average is $337.03. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping 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 return on equity of 106.42% and a net margin of 8.41%.The firm’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be issued a dividend of $2.33 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $9.32 annualized dividend and a dividend yield of 2.9%. Home Depot’s payout ratio is presently 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.