United Bank Takes Position in The Home Depot, Inc. $HD

United Bank bought a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,394 shares of the home improvement retailer’s stock, valued at approximately $1,197,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Uptick Partners LLC bought a new stake in Home Depot in the second quarter valued at $626,000. Madison Asset Management LLC bought a new position in Home Depot in the 2nd quarter worth $31,639,000. Csenge Advisory Group purchased a new stake in shares of Home Depot in the 2nd quarter worth about $4,717,000. Planning Directions Inc. purchased a new stake in shares of Home Depot in the 2nd quarter worth about $298,000. Finally, AssuredPartners Investment Advisors LLC bought a new stake in shares of Home Depot during the 2nd quarter valued at about $3,033,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In other Home Depot news, CFO Richard V. Mcphail sold 5,989 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total value of $2,086,567.60. Following the sale, the chief financial officer directly owned 48,104 shares of the company’s stock, valued at approximately $16,759,433.60. The trade was a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.08% of the company’s stock.

Key Home Depot News

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

• Positive Sentiment: Home Depot reported fiscal second-quarter revenue of $47.86 billion, up 5.7% year over year and ahead of consensus estimates. Adjusted diluted EPS of $4.92 also exceeded the $4.73 analyst expectation. Home Depot Beat Q2 Estimates
• Positive Sentiment: A nationwide three-hour delivery service could help HD compete with Walmart and Target for e-commerce orders, improve convenience and support sales of home-improvement products. Home Depot Three-Hour Delivery
• Positive Sentiment: Analysts and investor-focused commentary continue to highlight Home Depot’s 17-year dividend growth streak and long-term shareholder returns, offering support while investors wait for housing conditions to improve. Home Depot Dividend Streak

Wall Street Analysts Forecast Growth

HD has been the topic of several research analyst reports. Wolfe Research cut shares of Home Depot from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 23rd. UBS Group reduced their target price on Home Depot from $430.00 to $420.00 and set a “buy” rating on the stock in a report on Wednesday, August 19th. Bank of America began coverage on Home Depot in a research report on Tuesday, May 5th. They issued a “buy” rating and a $374.00 target price for the company. BNP Paribas Exane lowered their target price on Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a research note on Tuesday, May 19th. Finally, Argus restated a “buy” rating and set a $400.00 price target on shares of Home Depot in a research report on Wednesday, August 19th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $375.54.

Home Depot Price Performance

Shares of HD opened at $334.97 on Thursday. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The firm’s 50-day simple moving average is $341.18 and its two-hundred day simple moving average is $339.21. The stock has a market cap of $334.01 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 3.72 and a beta of 0.95. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same period last year, the business earned $4.68 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts anticipate that The Home Depot, Inc. will post 14.99 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $2.33 per share. The ex-dividend date is Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. Home Depot’s payout ratio is presently 65.22%.

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.