Keybank National Association OH Sells 10,424 Shares of The Home Depot, Inc. $HD

Keybank National Association OH lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 399,980 shares of the home improvement retailer’s stock after selling 10,424 shares during the quarter. Keybank National Association OH’s holdings in Home Depot were worth $113,790,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Home Depot during the 2nd quarter valued at $28,771,247,000. State Street Corp increased its position in shares of Home Depot by 1.1% during the 2nd quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer’s stock valued at $16,637,688,000 after purchasing an additional 499,168 shares during the period. Bank of America Corp DE acquired a new position in shares of Home Depot during the 2nd quarter valued at $5,780,468,000. Bank of New York Mellon Corp bought a new stake in shares of Home Depot in the 2nd quarter worth $2,777,396,000. Finally, Corient Private Wealth LP bought a new stake in shares of Home Depot in the 2nd quarter worth $390,913,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.7%

Shares of NYSE:HD opened at $351.09 on Wednesday. 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 stock has a market capitalization of $350.28 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 2.51 and a beta of 0.93. The Home Depot, Inc. has a 1-year low of $277.15 and a 1-year high of $397.63. The company has a 50 day moving average price of $310.35 and a 200 day moving average price of $333.77.

Home Depot (NYSE:HD) last posted its quarterly earnings results 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. 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%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed 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 of this dividend was Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a yield of 2.7%. Home Depot’s dividend payout ratio (DPR) is currently 65.22%.

Insider Activity

In other news, CFO Richard McPhail sold 5,989 shares of Home Depot stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the transaction, the chief financial officer owned 48,104 shares in the company, valued at approximately $16,759,433.60. The trade was a 11.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Kimberly Scardino sold 675 shares of Home Depot stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $305.95, for a total value of $206,516.25. Following the transaction, the chief accounting officer directly owned 8,189 shares in the company, valued at approximately $2,505,424.55. This trade represents a 7.62% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 9,829 shares of company stock valued at $3,339,314. 0.08% of the stock is currently owned by company insiders.

Key Home Depot News

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

• Positive Sentiment: Home Depot’s reported 1.7% comparable-sales growth, strong professional-customer demand and digital gains suggest the business is holding up despite uneven conditions. Can Home Depot Sustain Comparable Sales Growth Amid Uneven Demand?
• Positive Sentiment: Analyst expectations for earnings growth and a possible upcoming earnings beat could support investor sentiment ahead of the company’s report. Home Depot Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: JPMorgan raised its price target to $400 and kept an Overweight rating, signaling a more optimistic view of HD’s potential. JPMorgan price-target update
• Neutral Sentiment: Bernstein increased its target to $357 but maintained a Market Perform rating, suggesting limited near-term conviction despite the higher estimate. Bernstein price-target update
• Negative Sentiment: Housing-market pressures and weak transactions remain key risks. One analysis says transactions need to turn positive for a stronger case, tempering the positive signals from comps and Pro demand. Home Depot: Hold Into Q3 Earnings, Transactions Must Turn Positive

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HD. 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. Sanford C. Bernstein lifted their target price on Home Depot from $344.00 to $357.00 and gave the stock a “market perform” rating in a report on Tuesday. Mizuho lifted their target price on Home Depot from $385.00 to $390.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Guggenheim reiterated a “buy” rating and issued a $425.00 price target on shares of Home Depot in a research report on Wednesday, August 19th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $398.00 price target on shares of Home Depot in a report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $375.90.

Home Depot Company Profile

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.