The Home Depot, Inc. $HD Shares Sold by Focused Investors LLC

Focused Investors LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 16.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,400 shares of the home improvement retailer’s stock after selling 30,100 shares during the period. Home Depot makes up about 1.9% of Focused Investors LLC’s holdings, making the stock its 22nd largest holding. Focused Investors LLC’s holdings in Home Depot were worth $45,063,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of HD. Winning Points Advisors LLC lifted its stake in Home Depot by 1.0% during the 2nd quarter. Winning Points Advisors LLC now owns 2,891 shares of the home improvement retailer’s stock worth $1,020,000 after acquiring an additional 30 shares in the last quarter. Beaird Harris Wealth Management LLC grew its position in Home Depot by 1.6% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 1,945 shares of the home improvement retailer’s stock valued at $686,000 after acquiring an additional 31 shares in the last quarter. Poehling Capital Management INC. grew its position in Home Depot by 3.1% in the 2nd quarter. Poehling Capital Management INC. now owns 1,054 shares of the home improvement retailer’s stock valued at $372,000 after acquiring an additional 32 shares in the last quarter. Cornerstone Wealth Management LLC grew its position in Home Depot by 0.3% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 11,140 shares of the home improvement retailer’s stock valued at $3,929,000 after acquiring an additional 32 shares in the last quarter. Finally, Principia Wealth Advisory LLC grew its position in Home Depot by 60.4% in the 2nd quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 32 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Home Depot news, CFO Richard McPhail sold 5,989 shares of the business’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 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael Rowe sold 710 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 9,829 shares of company stock worth $3,339,314 over the last three months. Insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of Home Depot from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Sanford C. Bernstein dropped their price objective on shares of Home Depot from $354.00 to $344.00 and set a “market perform” rating for the company in a report on Wednesday, September 9th. UBS Group restated a “buy” rating on shares of Home Depot in a report on Thursday, September 17th. Guggenheim reaffirmed a “buy” rating and set a $425.00 target price on shares of Home Depot in a research note on Wednesday, August 19th. Finally, Mizuho increased their target price on shares of Home Depot from $385.00 to $390.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $375.31.

Home Depot Price Performance

HD stock opened at $333.49 on Wednesday. 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 firm has a market capitalization of $332.72 billion, a P/E ratio of 23.34, a P/E/G ratio of 2.43 and a beta of 0.93. The business’s 50-day moving average is $308.48 and its two-hundred day moving average is $334.51. The Home Depot, Inc. has a 1 year low of $277.15 and a 1 year high of $397.63.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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 return on equity of 106.42% and a net margin of 8.41%. The business had revenue of $47.86 billion during the quarter, compared to analysts’ expectations of $47.24 billion. During the same quarter last year, the business posted $4.68 EPS. The business’s quarterly 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. Analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were paid a $2.33 dividend. The ex-dividend date was 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 currently 65.22%.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Home Depot recently beat earnings expectations, supporting optimism about its ability to deliver results even in a challenging housing environment. Home Depot Stock Could Be Poised for a Turnaround
• Positive Sentiment: Coverage highlights Home Depot’s 17 consecutive years of dividend increases and its scale, which may help it remain resilient and sustain shareholder returns through a weak housing cycle. Home Depot Has Raised Its Dividend 17 Straight Years
• Neutral Sentiment: Analyst-oriented coverage says Home Depot has a record of earnings surprises and may be positioned to beat estimates again; this is a forecast, not a reported result. The company will hold its third-quarter earnings call on November 17. Will Home Depot Beat Estimates Again? Third Quarter Earnings Call Announcement
• Negative Sentiment: The stock’s weakness amid a broader-market uptick suggests investors remain cautious. Recent commentary cites a historically sluggish housing market and shares being down for the year as factors that could weigh on expectations for renovation-related spending. Home Depot Stock Falls Amid Market Uptick

About Home Depot

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors, and other building and maintenance professionals. The company sells a broad selection of building materials, hardware, tools, appliances, paint, plumbing and electrical supplies, flooring, lighting, lawn and garden products, and home décor.

In addition to merchandise, Home Depot offers services such as product delivery, tool and equipment rental, credit services, and installation for selected products.