Madison Wealth Partners Inc acquired a new stake in The Home Depot, Inc. (NYSE:HD – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,178 shares of the home improvement retailer’s stock, valued at approximately $768,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Gator Capital Management LLC bought a new stake in Home Depot during the 4th quarter worth about $3,693,000. King Luther Capital Management Corp raised its stake in Home Depot by 0.6% in the fourth quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer’s stock valued at $426,848,000 after buying an additional 7,180 shares during the period. E Fund Management Co. Ltd. acquired a new stake in Home Depot during the 2nd quarter valued at $3,915,000. Thompson Siegel & Walmsley LLC lifted its stake in shares of Home Depot by 320.4% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer’s stock worth $3,886,000 after buying an additional 8,606 shares during the last quarter. Finally, Sarasin & Partners LLP lifted its position in Home Depot by 4.0% during the second quarter. Sarasin & Partners LLP now owns 687,219 shares of the home improvement retailer’s stock worth $242,368,000 after acquiring an additional 26,357 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.
Home Depot Trading Up 0.4%
Shares of HD stock opened at $329.80 on Friday. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The stock’s fifty day simple moving average is $340.97 and its 200 day simple moving average is $338.75. 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 firm has a market capitalization of $329.04 billion, a P/E ratio of 23.08, a P/E/G ratio of 3.62 and a beta of 0.95.
Home Depot Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be given a dividend of $2.33 per share. The ex-dividend date is Thursday, September 3rd. This represents a $9.32 annualized dividend and a yield of 2.8%. Home Depot’s dividend payout ratio (DPR) is currently 65.22%.
Insider Buying and Selling
In other Home Depot news, EVP Michael F. Rowe sold 710 shares of the company’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 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 approximately $2,302,764.88. This represents a 9.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Richard V. Mcphail sold 5,989 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the transaction, the chief financial officer directly owned 48,104 shares of the company’s stock, valued at $16,759,433.60. The trade was a 11.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.08% of the company’s stock.
Trending Headlines about Home Depot
Here are the key news stories impacting Home Depot this week:
- Positive Sentiment: Home Depot reported fiscal second-quarter sales of $47.86 billion, up 5.7% year over year and its strongest comparable-sales growth since 2022. Adjusted earnings of $4.92 per share exceeded the $4.73 analyst consensus, reinforcing the view that the retailer’s turnaround is gaining traction. The Home Depot Posts Record Sales Growth Amid CEO Leave
- Positive Sentiment: The company expanded its Magic Apron AI shopping assistant to every U.S. store. The tool provides localized product information, project guidance and store navigation through text, voice, images and multiple languages. Its potential to improve customer service, employee productivity and conversion rates supports the long-term growth narrative. The Home Depot Expands Magic Apron
- Neutral Sentiment: Analysts and recent commentary see significant upside if housing and remodeling demand recover, with Home Depot’s scale and professional-customer base viewed as competitive advantages. However, the stock remains below its 50-day and 200-day moving averages, indicating that investors have not fully embraced the turnaround thesis. Home Depot Turnaround Could Be Bigger Than Investors Expect
- Neutral Sentiment: Although Home Depot beat quarterly estimates, a reported $685 million tariff refund may have boosted results. Investors could discount part of the earnings strength if the benefit is viewed as nonrecurring. Home Depot Beat Q2 Estimates
- Negative Sentiment: CEO Ted Decker is on temporary medical leave, creating uncertainty around leadership even as operating performance improves. Separately, EVP Michael Rowe sold 710 shares valued at approximately $239,100, a relatively small transaction but a modest negative sentiment signal. Home Depot EVP Michael Rowe Sells Shares
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Weiss Ratings raised shares of Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 7th. UBS Group decreased their target price on shares of Home Depot from $430.00 to $420.00 and set a “buy” rating on the stock in a report on Wednesday, August 19th. Wolfe Research downgraded shares of Home Depot from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 23rd. Morgan Stanley decreased their target price 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. Finally, TD Cowen reissued a “buy” rating on shares of Home Depot in a report on Monday, August 10th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $375.54.
View Our Latest Research Report on Home Depot
About Home Depot
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.
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