The Home Depot, Inc. $HD Stock Bought by Ethic Inc.

Ethic Inc. raised its holdings in The Home Depot, Inc. (NYSE:HD) by 3.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 111,015 shares of the home improvement retailer’s stock after acquiring an additional 3,854 shares during the period. Ethic Inc.’s holdings in Home Depot were worth $31,583,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. StoneX Group Inc. grew its holdings in shares of Home Depot by 21.5% in the third quarter. StoneX Group Inc. now owns 21,304 shares of the home improvement retailer’s stock valued at $6,132,000 after purchasing an additional 3,769 shares during the period. Verus Capital Partners LLC acquired a new stake in Home Depot during the third quarter worth about $1,201,000. Pegasus Asset Management Inc. raised its stake in Home Depot by 2.9% during the third quarter. Pegasus Asset Management Inc. now owns 13,391 shares of the home improvement retailer’s stock worth $3,810,000 after purchasing an additional 382 shares during the period. American Institute for Advanced Investment Management LLP raised its stake in Home Depot by 68.9% during the third quarter. American Institute for Advanced Investment Management LLP now owns 16,893 shares of the home improvement retailer’s stock worth $4,806,000 after purchasing an additional 6,892 shares during the period. Finally, Abacus Wealth Partners LLC raised its stake in Home Depot by 42.8% during the third quarter. Abacus Wealth Partners LLC now owns 824 shares of the home improvement retailer’s stock worth $235,000 after purchasing an additional 247 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Home Depot

In related news, CAO Kimberly R. Scardino sold 675 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $305.95, for a total transaction of $206,516.25. Following the completion of the transaction, the chief accounting officer owned 8,189 shares of the company’s stock, valued at approximately $2,505,424.55. This trade represents a 7.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael F. Rowe sold 710 shares of Home Depot 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 owned 6,838 shares of the company’s stock, valued at $2,302,764.88. This trade represents a 9.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,829 shares of company stock valued at $3,339,314 over the last 90 days. Insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on HD. TD Cowen reiterated a “buy” rating on shares of Home Depot in a report on Monday, August 10th. Weiss Ratings restated a “hold (c)” rating on shares of Home Depot in a report on Friday, October 2nd. DA Davidson reaffirmed a “buy” rating and set a $377.00 price target on shares of Home Depot in a research report on Wednesday, August 19th. Royal Bank Of Canada decreased their price objective on Home Depot from $343.00 to $342.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 19th. Finally, Sanford C. Bernstein decreased their price objective on Home Depot from $354.00 to $344.00 and set a “market perform” rating on the stock in a report on Wednesday, September 9th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $375.31.

Home Depot Stock Down 1.8%

Shares of NYSE:HD opened at $343.48 on Friday. The company has a market capitalization of $342.69 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 2.44 and a beta of 0.93. The Home Depot, Inc. has a 12-month low of $277.15 and a 12-month high of $397.63. The business has a 50-day moving average price of $309.42 and a 200 day moving average price of $334.08. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 8.41% and a return on equity of 106.42%. Home Depot’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

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