Woodley Farra Manion Portfolio Management Inc. Sells 3,769 Shares of The Home Depot, Inc. $HD

Woodley Farra Manion Portfolio Management Inc. lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 168,096 shares of the home improvement retailer’s stock after selling 3,769 shares during the quarter. Home Depot makes up approximately 2.4% of Woodley Farra Manion Portfolio Management Inc.’s portfolio, making the stock its 18th largest position. Woodley Farra Manion Portfolio Management Inc.’s holdings in Home Depot were worth $47,822,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in HD. BlackRock Inc. bought a new stake in Home Depot during the 2nd quarter valued at approximately $28,771,247,000. Bank of America Corp DE acquired a new stake in Home Depot in the 2nd quarter valued at approximately $5,780,468,000. Bank of New York Mellon Corp bought a new position in Home Depot in the 2nd quarter worth approximately $2,777,396,000. Corient Private Wealth LP bought a new position in Home Depot in the 2nd quarter worth approximately $390,913,000. Finally, Legal & General Group Plc bought a new position in Home Depot in the 2nd quarter worth approximately $1,953,883,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In related news, EVP Michael Rowe sold 710 shares of the stock in a transaction dated Wednesday, August 26th. The shares were 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 directly owned 6,838 shares in the company, valued at $2,302,764.88. This trade represents a 9.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Teresa Roseborough sold 2,455 shares of Home Depot stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $328.77, for a total transaction of $807,130.35. Following the transaction, the executive vice president directly owned 14,061 shares of the company’s stock, valued at approximately $4,622,834.97. This trade represents a 14.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,829 shares of company stock valued at $3,339,314 over the last 90 days. 0.08% of the stock is owned by corporate insiders.

Home Depot Trading Down 0.7%

NYSE HD opened at $351.09 on Wednesday. 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 Home Depot, Inc. has a twelve month low of $277.15 and a twelve month high of $397.63. The firm has a market capitalization of $350.28 billion, a PE ratio of 24.57, a P/E/G ratio of 2.51 and a beta of 0.93. The stock’s 50 day moving average is $310.35 and its 200 day moving average is $333.77.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, topping the consensus estimate of $4.73 by $0.19. The company 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 firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

Home Depot News Roundup

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

• Positive Sentiment: Home Depot’s reported 1.7% comparable-sales growth, strong professional-customer demand and digital gains suggest the business is holding up despite uneven conditions. Can Home Depot Sustain Comparable Sales Growth Amid Uneven Demand?
• Positive Sentiment: Analyst expectations for earnings growth and a possible upcoming earnings beat could support investor sentiment ahead of the company’s report. Home Depot Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: JPMorgan raised its price target to $400 and kept an Overweight rating, signaling a more optimistic view of HD’s potential. JPMorgan price-target update
• Neutral Sentiment: Bernstein increased its target to $357 but maintained a Market Perform rating, suggesting limited near-term conviction despite the higher estimate. Bernstein price-target update
• Negative Sentiment: Housing-market pressures and weak transactions remain key risks. One analysis says transactions need to turn positive for a stronger case, tempering the positive signals from comps and Pro demand. Home Depot: Hold Into Q3 Earnings, Transactions Must Turn Positive

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HD shares. KeyCorp reissued a “sector weight” rating on shares of Home Depot in a research report on Wednesday, August 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Home Depot in a research report on Friday, October 2nd. Melius Research set a $397.00 target price on shares of Home Depot in a research report on Tuesday, October 6th. Argus reiterated a “buy” rating and set a $400.00 target price on shares of Home Depot in a research note on Wednesday, August 19th. Finally, Royal Bank Of Canada reduced their price target on shares of Home Depot from $343.00 to $342.00 and set a “sector perform” rating for the company in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $375.90.

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.