7,000 Shares in The Home Depot, Inc. $HD Bought by Kentucky Farm Bureau Mutual Insurance Co

Kentucky Farm Bureau Mutual Insurance Co bought a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 7,000 shares of the home improvement retailer’s stock, valued at approximately $2,469,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Addison Advisors LLC bought a new stake in Home Depot in the 2nd quarter valued at $401,000. Mmbg Investment Advisors CO. bought a new position in shares of Home Depot during the 2nd quarter worth about $935,000. West Family Investments Inc. acquired a new position in shares of Home Depot during the second quarter valued at about $1,231,000. SSI Investment Management LLC acquired a new position in shares of Home Depot during the second quarter valued at about $273,000. Finally, Tacita Capital Inc acquired a new stake in Home Depot during the second quarter worth about $84,000. 70.86% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Richard V. Mcphail sold 5,989 shares of Home Depot stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the completion of the transaction, the chief financial officer directly owned 48,104 shares of the company’s stock, valued at $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 available at this hyperlink. 0.08% of the stock is owned by company insiders.

Home Depot News Roundup

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

Home Depot Price Performance

Home Depot stock opened at $334.97 on Thursday. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31. The company has a market capitalization 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 Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The business has a 50 day simple moving average of $341.18 and a 200 day simple moving average of $339.21.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $47.24 billion. During the same period in the prior year, the business posted $4.68 earnings per share. The business’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. On average, sell-side analysts forecast that The Home Depot, Inc. will post 14.99 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be issued a $2.33 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. Home Depot’s dividend payout ratio is presently 65.22%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HD. JPMorgan Chase & Co. lowered their price objective on Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Argus reiterated a “buy” rating and set a $400.00 price target on shares of Home Depot in a research note on Wednesday, August 19th. Citigroup lowered their price target on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Sanford C. Bernstein restated a “market perform” rating and issued a $354.00 price objective on shares of Home Depot in a research note on Wednesday, August 19th. Finally, TD Cowen reiterated a “buy” rating on shares of Home Depot in a research report on Monday, August 10th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $375.54.

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.