4,230 Shares in The Home Depot, Inc. $HD Bought by Patron Partners LLC

Key Points

• Patron Partners LLC acquired 4,230 Home Depot shares during the second quarter, valued at approximately $1.49 million. Institutional investors collectively own 70.86% of HD’s outstanding stock.
• Home Depot reported quarterly EPS of $4.92, beating estimates of $4.73, while revenue rose 5.7% year over year to $47.86 billion. The company also declared a quarterly dividend of $2.33 per share, implying a 2.8% annualized yield.
• Insiders recently sold shares, including CFO Richard McPhail’s approximately $2.09 million sale and EVP Michael Rowe’s roughly $239,000 sale. Analysts maintain a “Moderate Buy” consensus, with an average price target of $375.54 versus the stock’s reported $329.80 opening price.

Patron Partners LLC acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,230 shares of the home improvement retailer's stock, valued at approximately $1,492,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HD. Advocate Investing Services LLC purchased a new stake in Home Depot during the fourth quarter valued at approximately $25,000. Parvin Asset Management LLC boosted its holdings in shares of Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock worth $26,000 after purchasing an additional 33 shares during the period. Zeit Capital LLC bought a new position in shares of Home Depot during the 2nd quarter valued at approximately $26,000. Cache Advisors LLC bought a new position in shares of Home Depot during the 1st quarter valued at approximately $27,000. Finally, Merkkuri Wealth Advisors LLC purchased a new stake in Home Depot during the 1st quarter valued at $28,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Home Depot news, CFO Richard V. Mcphail sold 5,989 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer owned 48,104 shares of the company's stock, valued at $16,759,433.60. This represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Michael F. Rowe sold 710 shares of the company's 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 owned 6,838 shares in the company, valued at $2,302,764.88. This trade represents a 9.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.08% of the company's stock.

Home Depot Stock Performance

HD opened at $329.80 on Friday. The firm has a market capitalization of $329.04 billion, a PE ratio of 23.08, a P/E/G ratio of 3.62 and a beta of 0.95. The firm has a 50 day moving average of $340.97 and a two-hundred day moving average of $338.75. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data 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. 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 for the quarter, compared to analyst estimates of $47.24 billion. During the same quarter in the prior year, the firm 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. On average, analysts anticipate that The Home Depot, Inc. will post 15 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be given a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, September 3rd. Home Depot's dividend payout ratio is 65.22%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wolfe Research downgraded Home Depot from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. reduced their target price on shares of Home Depot from $423.00 to $396.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 20th. Mizuho raised 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. Gordon Haskett boosted their target price on Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. Finally, The Goldman Sachs Group lowered their target price on shares of Home Depot from $409.00 to $390.00 and set a "buy" rating for the company in a research note on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $375.54.

More Home Depot News

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

• Positive Sentiment: Home Depot reported fiscal second-quarter sales of $47.86 billion, up 5.7% year over year and its strongest comparable-sales growth since 2022. Adjusted earnings of $4.92 per share exceeded the $4.73 analyst consensus, reinforcing the view that the retailer’s turnaround is gaining traction. The Home Depot Posts Record Sales Growth Amid CEO Leave
• Positive Sentiment: The company expanded its Magic Apron AI shopping assistant to every U.S. store. The tool provides localized product information, project guidance and store navigation through text, voice, images and multiple languages. Its potential to improve customer service, employee productivity and conversion rates supports the long-term growth narrative. The Home Depot Expands Magic Apron
• Neutral Sentiment: Analysts and recent commentary see significant upside if housing and remodeling demand recover, with Home Depot’s scale and professional-customer base viewed as competitive advantages. However, the stock remains below its 50-day and 200-day moving averages, indicating that investors have not fully embraced the turnaround thesis. Home Depot Turnaround Could Be Bigger Than Investors Expect
• Neutral Sentiment: Although Home Depot beat quarterly estimates, a reported $685 million tariff refund may have boosted results. Investors could discount part of the earnings strength if the benefit is viewed as nonrecurring. Home Depot Beat Q2 Estimates
• Negative Sentiment: CEO Ted Decker is on temporary medical leave, creating uncertainty around leadership even as operating performance improves. Separately, EVP Michael Rowe sold 710 shares valued at approximately $239,100, a relatively small transaction but a modest negative sentiment signal. Home Depot EVP Michael Rowe Sells Shares

Home Depot Company Profile

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.

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