The Home Depot, Inc. $HD Stock Sold by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 26.5% in the 3rd quarter, Holdings Channel reports. The firm owned 24,123 shares of the home improvement retailer’s stock after selling 8,707 shares during the period. Cabot Wealth Management Inc.’s holdings in Home Depot were worth $6,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Home Depot during the 2nd quarter worth $28,771,247,000. Bank of America Corp DE purchased a new stake in shares of Home Depot in the second quarter valued at about $5,780,468,000. Bank of New York Mellon Corp purchased a new stake in shares of Home Depot in the second quarter valued at about $2,777,396,000. Corient Private Wealth LP purchased a new stake in shares of Home Depot in the second quarter valued at about $390,913,000. Finally, Legal & General Group Plc acquired a new stake in shares of Home Depot during the second quarter worth about $1,953,883,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot News Summary

Investors following HD have been watching these news items:

• Positive Sentiment: Bank of America Securities maintained its Buy rating on HD, signaling continued confidence in the shares. Bank of America Securities Sticks to Their Buy Rating for Home Depot
• Positive Sentiment: Recent comparable-sales growth of 1.7%, strong professional-customer demand and digital gains point to resilience despite uneven demand. Wall Street is also expecting earnings growth, with one preview citing factors that could support an earnings beat. Can Home Depot Sustain Comparable Sales Growth Amid Uneven Demand? Home Depot Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Elevated mortgage rates, sluggish housing activity and weak customer transactions cloud the sales outlook; an earnings analysis argues transactions need to turn positive to sustain the investment case. Comparable-sales outlook Home Depot: Hold Into Q3 Earnings, Transactions Must Turn Positive

Insider Activity

In other news, CAO Kimberly R. Scardino sold 675 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $305.95, for a total transaction of $206,516.25. Following the completion of the transaction, the chief accounting officer directly owned 8,189 shares of the company’s stock, 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 SEC, which is accessible through this hyperlink. Also, EVP Teresa Roseborough sold 2,455 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $328.77, for a total value of $807,130.35. Following the transaction, the executive vice president directly owned 14,061 shares of the company’s stock, valued at approximately $4,622,834.97. This trade represents a 14.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,829 shares of company stock worth $3,339,314 in the last three months. 0.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HD. Argus reissued a “buy” rating and set a $400.00 price target on shares of Home Depot in a report on Wednesday, August 19th. Guggenheim reaffirmed a “buy” rating and set a $425.00 price objective on shares of Home Depot in a research note on Wednesday, August 19th. Mizuho upped their price objective on Home Depot from $385.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. JPMorgan Chase & Co. increased their price objective on Home Depot from $396.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Home Depot in a research note on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $375.90.

Home Depot Stock Up 0.1%

HD stock opened at $351.36 on Thursday. The Home Depot, Inc. has a one year low of $277.15 and a one year high of $397.63. The stock has a market capitalization of $350.55 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 2.50 and a beta of 0.93. 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 company has a fifty day moving average of $310.98 and a 200-day moving average of $333.61.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, beating the consensus estimate of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The business had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the previous year, the firm earned $4.68 earnings per share. 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. As a group, analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were given 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 2.7%. Home Depot’s dividend payout ratio (DPR) is presently 65.22%.

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.