Syon Capital LLC Sells 1,628 Shares of The Home Depot, Inc. $HD

Syon Capital LLC cut its position in The Home Depot, Inc. (NYSE:HD) by 14.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,560 shares of the home improvement retailer’s stock after selling 1,628 shares during the period. Syon Capital LLC’s holdings in Home Depot were worth $3,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. United Community Bank lifted its stake in shares of Home Depot by 0.7% during the 2nd quarter. United Community Bank now owns 5,837 shares of the home improvement retailer’s stock valued at $2,059,000 after buying an additional 38 shares in the last quarter. Werlinich Asset Management LLC increased its stake in Home Depot by 5.8% in the 2nd quarter. Werlinich Asset Management LLC now owns 2,464 shares of the home improvement retailer’s stock worth $869,000 after buying an additional 135 shares in the last quarter. NEOS Investment Management LLC raised its holdings in Home Depot by 11.6% during the second quarter. NEOS Investment Management LLC now owns 161,689 shares of the home improvement retailer’s stock valued at $57,024,000 after acquiring an additional 16,869 shares during the period. Mason & Associates Inc lifted its position in shares of Home Depot by 4.7% in the second quarter. Mason & Associates Inc now owns 1,912 shares of the home improvement retailer’s stock valued at $674,000 after acquiring an additional 86 shares in the last quarter. Finally, KFG Wealth Management LLC boosted its stake in shares of Home Depot by 3.9% in the second quarter. KFG Wealth Management LLC now owns 2,980 shares of the home improvement retailer’s stock worth $1,051,000 after acquiring an additional 112 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Up 0.9%

HD stock opened at $320.94 on Friday. The firm has a fifty day moving average price of $339.35 and a 200 day moving average price of $336.40. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The firm has a market cap of $320.20 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 3.53 and a beta of 0.95. 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 released its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $47.24 billion. During the same quarter in the prior year, the firm earned $4.68 earnings per share. Home Depot’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. Sell-side analysts anticipate that The Home Depot, Inc. will post 15 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Thursday, September 3rd. Home Depot’s dividend payout ratio is currently 65.22%.

Insider Activity

In related news, CFO Richard McPhail sold 5,989 shares of the 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $239,099.60. Following the completion of the transaction, the executive vice president owned 6,838 shares of the company’s stock, valued at approximately $2,302,764.88. This represents a 9.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 9,154 shares of company stock worth $3,132,798. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. DA Davidson reissued a “buy” rating and set a $377.00 target price on shares of Home Depot in a research note on Wednesday, August 19th. Wells Fargo & Company upped their target price on shares of Home Depot from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Robert W. Baird reduced their price target on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. The Goldman Sachs Group decreased their price target on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $354.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $375.54.

Home Depot News Summary

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

• Positive Sentiment: Retail earnings point to a relatively resilient higher-income consumer. Home Depot and Lowe’s reported solid home-improvement sales, suggesting demand for repairs and larger projects remains healthier than spending at some value-oriented retailers. Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
• Positive Sentiment: Analysts at Zacks updated estimates for Home Depot’s fiscal third-quarter earnings, providing a fresh valuation and earnings catalyst following the company’s prior quarterly beat. Home Depot most recently reported earnings of $4.92 per share versus a $4.73 consensus estimate, with revenue also exceeding forecasts. Zacks Research Estimates Home Depot’s Q3 Earnings
• Neutral Sentiment: The stock’s valuation is near the middle of its peer group, but analysts question whether its operating performance and growth have fallen behind competitors. This creates potential upside if productivity improves, but also limits enthusiasm until growth reaccelerates. The Gap Between HD Stock And Its Own Numbers
• Negative Sentiment: Mortgage rates recently reached a one-year high following a global bond-market sell-off. Elevated borrowing costs can discourage home purchases, remodeling projects and other large-ticket transactions that drive Home Depot’s sales. Mortgage Rates Just Hit a 1-Year High
• Negative Sentiment: Some investors view weakness in consumer-focused stocks, including Home Depot, as a warning that middle-income households are under pressure. That macro concern could weigh on discretionary home-improvement spending and the broader retail sector. Wall Street worried about GOP in midterms
• Negative Sentiment: One market analysis cited Home Depot’s transition to positive free cash flow in the early 2000s as evidence that growth had slowed, reinforcing concerns that the company’s mature business may offer limited expansion compared with faster-growing retailers. Home Depot stock information

Home Depot 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.