1,861,035 Shares in The Home Depot, Inc. $HD Acquired by Jupiter Topco LLC

Jupiter Topco LLC purchased a new position in The Home Depot, Inc. (NYSE:HD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,861,035 shares of the home improvement retailer’s stock, valued at approximately $656,190,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HD. J. Goldman & Co LP purchased a new stake in shares of Home Depot during the second quarter valued at approximately $13,428,000. EFG International AG purchased a new position in shares of Home Depot in the second quarter worth $14,832,000. Ancora Advisors LLC bought a new stake in Home Depot during the 2nd quarter valued at $36,075,000. Delos Wealth Advisors LLC bought a new stake in Home Depot during the 2nd quarter valued at $65,000. Finally, Palisade Capital Management LP purchased a new stake in Home Depot during the 2nd quarter valued at $8,238,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 0.5%

Shares of NYSE HD opened at $328.52 on Tuesday. 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 Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The firm has a market capitalization of $327.76 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 3.64 and a beta of 0.95. The firm has a fifty day simple moving average of $341.00 and a two-hundred day simple moving average of $338.03.

Home Depot (NYSE:HD) last posted its 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 firm had revenue of $47.86 billion during the quarter, compared to analysts’ expectations of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts expect that The Home Depot, Inc. will post 15 earnings per share for the current 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 issued a $2.33 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $9.32 annualized dividend and a yield of 2.8%. Home Depot’s dividend payout ratio (DPR) is 65.22%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HD shares. Robert W. Baird cut their price target on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Oppenheimer dropped their target price on shares of Home Depot from $405.00 to $310.00 and set a “market perform” rating for the company in a report on Monday, May 18th. Sanford C. Bernstein reissued a “market perform” rating and issued a $354.00 target price on shares of Home Depot in a research note on Wednesday, August 19th. JPMorgan Chase & Co. reduced their price target on Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Finally, Royal Bank Of Canada lowered their price target on Home Depot from $343.00 to $342.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 19th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $375.54.

Insider Buying and Selling at Home Depot

In other news, EVP Michael F. Rowe sold 710 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total value of $239,099.60. Following the completion of the transaction, the executive vice president owned 6,838 shares of the company’s stock, valued at approximately $2,302,764.88. This represents a 9.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard V. Mcphail sold 5,989 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total value of $2,086,567.60. Following the completion of the transaction, the chief financial officer 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 position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 9,154 shares of company stock valued at $3,132,798. 0.08% of the stock is currently owned by corporate 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.