SVB Wealth LLC Sells 3,227 Shares of The Home Depot, Inc. $HD

SVB Wealth LLC reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 10.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,980 shares of the home improvement retailer’s stock after selling 3,227 shares during the period. SVB Wealth LLC’s holdings in Home Depot were worth $7,960,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. bought a new stake in Home Depot in the 2nd quarter valued at approximately $28,771,247,000. State Street Corp boosted its position in Home Depot by 1.1% during the 2nd quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer’s stock worth $16,637,688,000 after acquiring an additional 499,168 shares during the last quarter. Bank of America Corp DE bought a new position in shares of Home Depot during the 2nd quarter worth approximately $5,780,468,000. Bank of New York Mellon Corp bought a new position in shares of Home Depot during the 2nd quarter worth approximately $2,777,396,000. Finally, Corient Private Wealth LP acquired a new stake in shares of Home Depot in the second quarter valued at approximately $390,913,000. 70.86% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Richard V. Mcphail sold 5,989 shares of the firm’s 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 sale, the chief financial officer directly owned 48,104 shares in the company, valued at approximately $16,759,433.60. This trade represents a 11.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michael F. 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 transaction, the executive vice president owned 6,838 shares of the company’s stock, valued at $2,302,764.88. The trade was a 9.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,829 shares of company stock valued at $3,339,314 over the last quarter. 0.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

HD has been the topic of a number of research reports. Jefferies Financial Group reissued a “buy” rating and issued a $398.00 price objective on shares of Home Depot in a research report on Tuesday, August 18th. Sanford C. Bernstein increased their target price on shares of Home Depot from $344.00 to $357.00 and gave the stock a “market perform” rating in a report on Tuesday. Mizuho raised their target price on shares of Home Depot from $385.00 to $390.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. KeyCorp reiterated a “sector weight” rating on shares of Home Depot in a research note on Wednesday, August 19th. Finally, Wells Fargo & Company boosted their price target 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. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $375.90.

Trending Headlines about Home Depot

Investors following HD have been watching these headlines:

• Positive Sentiment: Home Depot’s expanding Pro business, digital sales growth and ongoing investments are cited as growth drivers. One report also highlights the company among retailers with a strong probability of beating earnings expectations, though no results have been reported yet. Home Depot Stock Rallies 20% in a Month: Is It Still a Buy? Retail stocks with earnings-beat potential
• Positive Sentiment: Analyst support includes Sanford C. Bernstein’s expectation that HD shares will rise and Bank of America Securities’ continued Buy rating. Bernstein analyst expects HD shares to rise Bank of America maintains Buy rating
• Negative Sentiment: Elevated mortgage rates and sluggish housing activity could restrain demand, while rising costs are a concern. Separate commentary warns that HD’s roughly 20% one-month rally may have left the stock looking expensive relative to its cash-generation outlook; technical pressure ahead of earnings adds near-term risk. Home Depot stock looks overvalued after its run Technical pressure ahead of earnings

Home Depot Price Performance

NYSE:HD opened at $348.07 on Friday. The Home Depot, Inc. has a 1-year low of $277.15 and a 1-year high of $397.63. 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 firm has a fifty day simple moving average of $311.57 and a 200 day simple moving average of $333.42. The stock has a market capitalization of $347.27 billion, a PE ratio of 24.36, a P/E/G ratio of 2.60 and a beta of 0.93.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, topping 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 business had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same period in the previous year, the company earned $4.68 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

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

About Home Depot

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.