42,654 The Home Depot, Inc. $HD Shares Sold by AIA Group Ltd

Key Points

• AIA Group cut its Home Depot stake by 70.5% in the third quarter, selling 42,654 shares and retaining 17,883 shares valued at about $5.1 million.
• Institutional investors own 70.86% of Home Depot shares. Company insiders also sold 9,829 shares worth approximately $3.34 million over the past 90 days.
• Home Depot’s latest quarterly results beat analyst expectations: EPS was $4.92 versus $4.73 expected, and revenue of $47.86 billion was up 5.7% year over year.

AIA Group Ltd cut its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 70.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,883 shares of the home improvement retailer's stock after selling 42,654 shares during the quarter. AIA Group Ltd's holdings in Home Depot were worth $5,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling

In related news, EVP Michael Rowe sold 710 shares of the company's stock in a transaction dated Wednesday, August 26th. The shares were 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. The trade was a 9.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Teresa Roseborough sold 2,455 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $328.77, for a total transaction of $807,130.35. Following the sale, the executive vice president directly owned 14,061 shares in the company, valued at $4,622,834.97. This trade represents a 14.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 9,829 shares of company stock worth $3,339,314 in the last 90 days. 0.08% of the stock is owned by company insiders.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Home Depot and other housing stocks rallied after Democrats won the midterms, while Treasury yields edged lower. Investors may be anticipating less inflation pressure and improved financing conditions for housing and renovation spending. Housing stocks rally following midterm elections, Treasury yields dip lower
• Neutral Sentiment: The housing market remains weak, with turnover near historic lows. Home Depot’s management has indicated that customers may still have the means for larger projects but are waiting for greater certainty—leaving a potential source of future demand, rather than an immediate boost. 1 Reason to Buy Home Depot Stock During This Historically Weak Housing Market
• Negative Sentiment: Inflation-related input and fuel costs, along with acquisition-related product mix, could pressure margins. Tariff refunds helped Q2 margins, but those benefits may not offset ongoing cost headwinds. Home Depot's Margin Outlook Faces Inflationary Headwinds

Home Depot Trading Up 6.5%

Shares of HD opened at $355.43 on Thursday. The stock has a market capitalization of $354.61 billion, a P/E ratio of 24.87, a PEG ratio of 2.37 and a beta of 0.93. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The firm has a fifty day simple moving average of $308.82 and a two-hundred day simple moving average of $334.39. The Home Depot, Inc. has a twelve month low of $277.15 and a twelve month high of $397.63.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.73 by $0.19. The firm had revenue of $47.86 billion for the quarter, compared to analysts' expectations of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous 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 year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were given a dividend of $2.33 per share. 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 2.6%. Home Depot's dividend payout ratio is presently 65.22%.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of recent research reports. Mizuho increased their price target on shares of Home Depot from $385.00 to $390.00 and gave the company an "outperform" rating in a research report on Wednesday, August 19th. Guggenheim restated a "buy" rating and issued a $425.00 price objective on shares of Home Depot in a report on Wednesday, August 19th. UBS Group reaffirmed a "buy" rating on shares of Home Depot in a research note on Thursday, September 17th. KeyCorp reaffirmed a "sector weight" rating on shares of Home Depot in a research note on Wednesday, August 19th. Finally, Melius Research set a $397.00 target price on shares of Home Depot in a report on Tuesday, October 6th. One 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $375.31.

Home Depot Profile

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.

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