23,359 Shares in The Home Depot, Inc. $HD Acquired by Palisade Capital Management LP

Palisade Capital Management LP purchased a new position in The Home Depot, Inc. (NYSE:HD) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 23,359 shares of the home improvement retailer’s stock, valued at approximately $8,238,000.

A number of other institutional investors have also added to or reduced their stakes in HD. Parvin Asset Management LLC lifted its holdings in shares of Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after buying an additional 33 shares in the last quarter. Zeit Capital LLC purchased a new position in Home Depot during the second quarter valued at $26,000. Advocate Investing Services LLC bought a new stake in Home Depot in the 4th quarter valued at $25,000. Cache Advisors LLC purchased a new stake in Home Depot in the 1st quarter worth $27,000. Finally, Imprint Wealth LLC purchased a new stake in Home Depot in the 3rd quarter worth $34,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Down 0.5%

Shares of NYSE HD opened at $328.52 on Tuesday. The firm’s 50-day moving average price is $341.00 and its 200-day moving average price is $338.03. 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 stock has a market capitalization of $327.76 billion, a price-to-earnings ratio of 22.99, a P/E/G ratio of 3.64 and a beta of 0.95. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping the consensus estimate of $4.73 by $0.19. The company had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The firm’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15 EPS 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. Stockholders of record on Thursday, September 3rd will be paid a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is presently 65.22%.

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 2,455 shares of Home Depot 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 transaction, the executive vice president owned 14,061 shares in the company, valued at approximately $4,622,834.97. The trade was a 14.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael F. Rowe sold 710 shares of the business’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 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 9,154 shares of company stock worth $3,132,798. 0.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HD. Citigroup reduced their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Telsey Advisory Group dropped their price target on Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Stifel Nicolaus raised their price target on Home Depot from $320.00 to $340.00 and gave the company a “hold” rating in a report on Monday, August 17th. Oppenheimer reduced their price objective on Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a research note on Monday, May 18th. Finally, UBS Group decreased their price objective on Home Depot from $430.00 to $420.00 and set a “buy” rating on the stock in a report on Wednesday, August 19th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.54.

Home Depot Company Profile

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.