CENTRAL TRUST Co cut its stake in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,787 shares of the home improvement retailer’s stock after selling 1,630 shares during the period. CENTRAL TRUST Co’s holdings in Home Depot were worth $22,130,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bingham Private Wealth LLC boosted its stake in Home Depot by 3.0% during the third quarter. Bingham Private Wealth LLC now owns 1,123 shares of the home improvement retailer’s stock valued at $319,000 after buying an additional 33 shares during the period. Maryland State Retirement & Pension System purchased a new position in Home Depot during the third quarter worth about $17,428,000. Pavion Blue Capital LLC bought a new position in Home Depot in the 3rd quarter worth about $1,169,000. NBH Bank increased its stake in Home Depot by 2.0% in the 3rd quarter. NBH Bank now owns 3,999 shares of the home improvement retailer’s stock worth $1,138,000 after acquiring an additional 79 shares during the last quarter. Finally, Joel Isaacson & Co. LLC increased its stake in Home Depot by 2.6% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 17,028 shares of the home improvement retailer’s stock worth $4,844,000 after acquiring an additional 425 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on HD shares. Sanford C. Bernstein raised their price target on Home Depot from $344.00 to $357.00 and gave the company a “market perform” rating in a report on Tuesday. Jefferies Financial Group reissued a “buy” rating and set a $398.00 price objective on shares of Home Depot in a report on Tuesday, August 18th. Royal Bank Of Canada lowered their target price on shares of Home Depot from $343.00 to $342.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 19th. 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 note on Wednesday, August 19th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Home Depot in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $375.90.
View Our Latest Analysis on Home Depot
Home Depot Trading Up 0.1%
NYSE HD opened at $351.36 on Thursday. The stock’s 50-day simple moving average is $310.98 and its two-hundred day simple moving average is $333.61. The Home Depot, Inc. has a twelve month low of $277.15 and a twelve month high of $397.63. 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 company has a market capitalization of $350.55 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 2.50 and a beta of 0.93.
Home Depot (NYSE:HD – Get Free Report) last issued its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The firm had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same quarter in the previous year, the company posted $4.68 earnings per share. The company’s revenue was up 5.7% compared to the same quarter last year. 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 EPS for the current fiscal year.
Home Depot Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were issued a dividend of $2.33 per share. 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 dividend payout ratio (DPR) is currently 65.22%.
Insider Transactions at Home Depot
In other Home Depot news, EVP Teresa Roseborough sold 2,455 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $328.77, for a total value of $807,130.35. Following the completion of the sale, the executive vice president owned 14,061 shares of the company’s stock, valued at $4,622,834.97. This represents a 14.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the chief accounting officer owned 8,189 shares in the company, valued at $2,505,424.55. The trade was a 7.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 9,829 shares of company stock valued at $3,339,314. 0.08% of the stock is currently owned by corporate insiders.
Latest Home Depot News
These are some of the HD news items that stood out recently:
- Positive Sentiment: Bank of America Securities maintained its Buy rating on HD, signaling continued confidence in the shares. Bank of America Securities Sticks to Their Buy Rating for Home Depot
- Neutral Sentiment: Bernstein raised its price target from $344 to $357 but kept a Market Perform rating, suggesting a modestly improved valuation view without a bullish change in recommendation. Bernstein price-target update
- Negative Sentiment: HD is facing technical pressure ahead of earnings, which could weigh on the shares in the near term, particularly if results or guidance disappoint. Home Depot Stock Running into Technical Pressure Before Earnings
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.
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