Channel Wealth LLC Sells 7,449 Shares of The Home Depot, Inc. $HD

Channel Wealth LLC lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 75.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,389 shares of the home improvement retailer’s stock after selling 7,449 shares during the period. Channel Wealth LLC’s holdings in Home Depot were worth $680,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vista Capital Partners Inc. bought a new stake in shares of Home Depot in the third quarter worth about $306,000. McElhenny Sheffield Capital Management LLC increased its holdings in shares of Home Depot by 4.5% in the 3rd quarter. McElhenny Sheffield Capital Management LLC now owns 1,000 shares of the home improvement retailer’s stock worth $284,000 after buying an additional 43 shares during the last quarter. Hamel Associates Inc. increased its holdings in shares of Home Depot by 1.4% in the 3rd quarter. Hamel Associates Inc. now owns 10,548 shares of the home improvement retailer’s stock worth $3,001,000 after buying an additional 145 shares during the last quarter. BankPlus Trust Department raised its position in shares of Home Depot by 27.8% during the 3rd quarter. BankPlus Trust Department now owns 11,338 shares of the home improvement retailer’s stock valued at $3,226,000 after buying an additional 2,465 shares in the last quarter. Finally, Financial Freedom LLC purchased a new stake in shares of Home Depot during the 3rd quarter valued at about $68,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.2%

Shares of NYSE HD opened at $348.81 on Friday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. The firm has a market capitalization of $348.01 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 2.58 and a beta of 0.93. The stock has a 50 day moving average price of $312.19 and a 200 day moving average price of $333.26. The Home Depot, Inc. has a 52-week low of $277.15 and a 52-week 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, topping the consensus estimate of $4.73 by $0.19. The company had revenue of $47.86 billion for the quarter, compared to analysts’ expectations of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. Home Depot’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were issued a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Thursday, September 3rd. Home Depot’s dividend payout ratio is currently 65.22%.

Insider Transactions at Home Depot

In other Home Depot news, CAO Kimberly Scardino sold 675 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $305.95, for a total value of $206,516.25. Following the completion of the sale, the chief accounting officer directly owned 8,189 shares in the company, valued at approximately $2,505,424.55. This represents a 7.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Rowe sold 710 shares of the stock in a transaction 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 transaction, the executive vice president directly owned 6,838 shares in the company, valued at $2,302,764.88. The trade was a 9.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,829 shares of company stock valued at $3,339,314 over the last 90 days. 0.08% of the stock is owned by corporate insiders.

Latest Home Depot News

Investors following HD have been watching these news items:

• Positive Sentiment: Articles point to growth in Home Depot’s Pro business and digital sales, along with ongoing investments, as potential drivers of sales and earnings. Some analysts also see potential for an earnings beat. Home Depot Stock Rallies 20% in a Month: Is It Still a Buy?
• Neutral Sentiment: Home Depot is scheduled to report Q3 results next week. Analysts expect sales and profit growth, making the results and outlook important catalysts; the report has not yet been released. Home Depot Pre-Q3 Earnings: Should You Buy or Stay Cautious?
• Negative Sentiment: Housing-market weakness could restrain home-improvement demand, while cost and margin pressures may weigh on results. Commentary also cautions that HD’s valuation looks demanding after its recent rally, potentially limiting further upside if results disappoint. Buy Home Depot or Lowe’s Stock Ahead of Much-Anticipated Q3 Results?

Wall Street Analysts Forecast Growth

HD has been the subject of a number of analyst reports. Guggenheim reaffirmed a “buy” rating and issued a $425.00 price target on shares of Home Depot in a report on Wednesday, August 19th. UBS Group reiterated a “buy” rating on shares of Home Depot in a research report on Thursday, September 17th. DA Davidson reissued a “buy” rating and set a $377.00 target price on shares of Home Depot in a research note on Wednesday, August 19th. Truist Financial upped their price target on shares of Home Depot from $369.00 to $373.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Finally, Sanford C. Bernstein raised their price target on shares of Home Depot from $344.00 to $357.00 and gave the stock a “market perform” rating in a research note on Tuesday. One research 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $375.90.

About Home Depot

The Home Depot, Inc. is a home improvement retailer serving do-it-yourself customers, professional contractors and other businesses. The company sells building materials, tools, hardware, appliances, paint, flooring, and products for home maintenance, repair and renovation, as well as lawn and garden supplies. In addition to its retail stores and online channels, Home Depot offers services such as product delivery, equipment rental and home improvement installation. The company was founded in 1978 and is headquartered in Atlanta, Georgia.