16,433 Shares in The Home Depot, Inc. $HD Purchased by Councilmark Asset Management LLC

Councilmark Asset Management LLC acquired a new position in shares of The Home Depot, Inc. (NYSE:HD) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 16,433 shares of the home improvement retailer’s stock, valued at approximately $5,796,000. Home Depot comprises 3.1% of Councilmark Asset Management LLC’s holdings, making the stock its 9th biggest position.

Several other institutional investors and hedge funds also recently bought and sold shares of HD. Brighton Jones LLC boosted its holdings in shares of Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after purchasing an additional 7,203 shares during the period. Sivia Capital Partners LLC grew its position in Home Depot by 7.1% during the second quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after purchasing an additional 173 shares in the last quarter. Schnieders Capital Management LLC. increased its stake in Home Depot by 14.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock valued at $4,248,000 after buying an additional 1,433 shares during the period. Darwin Wealth Management LLC acquired a new position in Home Depot in the 2nd quarter valued at approximately $1,773,000. Finally, Financial Advisors Network Inc. lifted its position in Home Depot by 11.3% in the 2nd quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer’s stock worth $868,000 after buying an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Guggenheim reissued a “buy” rating and set a $425.00 target price on shares of Home Depot in a research note on Wednesday, August 19th. HSBC dropped their price target on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a research note on Wednesday, May 20th. Royal Bank Of Canada cut their price objective on Home Depot from $343.00 to $342.00 and set a “sector perform” rating for the company in a report on Wednesday, August 19th. DA Davidson reissued a “buy” rating and set a $377.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. Finally, Wells Fargo & Company boosted their target price on Home Depot from $360.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $375.54.

Home Depot Price Performance

Shares of NYSE:HD opened at $328.52 on Tuesday. The stock has a market capitalization of $327.76 billion, a P/E ratio of 22.99, a P/E/G ratio of 3.64 and a beta of 0.95. The business has a 50-day moving average of $341.00 and a two-hundred day moving average of $338.03. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last issued its quarterly earnings data 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 business had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same period last year, the business earned $4.68 EPS. The firm’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, equities research analysts predict that The Home Depot, Inc. will post 15 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 2,455 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $328.77, for a total transaction of $807,130.35. Following the completion of the sale, the executive vice president directly owned 14,061 shares of the company’s stock, valued at approximately $4,622,834.97. This represents a 14.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard V. Mcphail sold 5,989 shares of the firm’s stock in a transaction on 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 owned 48,104 shares in the company, valued at $16,759,433.60. The trade was a 11.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,154 shares of company stock valued at $3,132,798 over the last 90 days. 0.08% of the stock is currently owned by company insiders.

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.