4,568 The Home Depot, Inc. $HD Shares Bought by Verdence Capital Advisors LLC

Key Points

• Verdence Capital Advisors increased its Home Depot position by 29.5% in the third quarter, purchasing 4,568 shares for a total holding of 20,061 shares valued at approximately $5.7 million. Institutional investors collectively own 70.86% of the company.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $375.31; 18 analysts rate the stock a Buy, while 13 recommend Hold.
• Home Depot exceeded quarterly expectations with adjusted EPS of $4.92 and revenue of $47.86 billion, while paying a quarterly dividend of $2.33 per share, equivalent to a 2.9% annualized yield.

Verdence Capital Advisors LLC boosted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 29.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 20,061 shares of the home improvement retailer's stock after buying an additional 4,568 shares during the period. Verdence Capital Advisors LLC's holdings in Home Depot were worth $5,707,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Zeit Capital LLC bought a new stake in shares of Home Depot during the second quarter valued at approximately $26,000. Principia Wealth Advisory LLC lifted its holdings in shares of Home Depot by 60.4% in the second quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer's stock worth $30,000 after buying an additional 32 shares in the last quarter. Navigoe LLC bought a new stake in Home Depot in the 2nd quarter valued at $32,000. Networth Advisors LLC lifted its stake in Home Depot by 54.1% in the 1st quarter. Networth Advisors LLC now owns 94 shares of the home improvement retailer's stock worth $31,000 after purchasing an additional 33 shares in the last quarter. Finally, Gould Capital LLC boosted its holdings in shares of Home Depot by 58.7% during the 1st quarter. Gould Capital LLC now owns 100 shares of the home improvement retailer's stock valued at $33,000 after purchasing an additional 37 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HD. KeyCorp restated a "sector weight" rating on shares of Home Depot in a research report on Wednesday, August 19th. Wells Fargo & Company boosted their target price on Home Depot from $360.00 to $400.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 11th. Truist Financial increased their price target on Home Depot from $369.00 to $373.00 and gave the company a "buy" rating in a research note on Wednesday, August 19th. Jefferies Financial Group reissued a "buy" rating and set a $398.00 price target on shares of Home Depot in a research note on Tuesday, August 18th. Finally, TD Cowen restated a "buy" rating on shares of Home Depot in a report on Monday, August 10th. One equities 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's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $375.31.

Home Depot Price Performance

HD opened at $319.71 on Tuesday. The business has a fifty day moving average of $310.03 and a 200 day moving average of $335.88. 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 stock has a market cap of $318.97 billion, a P/E ratio of 22.37, a PEG ratio of 2.27 and a beta of 1.00. The Home Depot, Inc. has a 52-week low of $277.15 and a 52-week high of $397.63.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results 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 net margin of 8.41% and a return on equity of 106.42%. The company had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter last year, the firm posted $4.68 EPS. The firm's 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, sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were paid a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot's payout ratio is currently 65.22%.

Insider Activity at Home Depot

In other Home Depot news, 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 transaction, the executive vice president directly owned 14,061 shares in the company, valued at $4,622,834.97. This represents a 14.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael F. Rowe sold 710 shares of the business's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the sale, the executive vice president owned 6,838 shares of the company's stock, valued at approximately $2,302,764.88. This represents a 9.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 9,829 shares of company stock worth $3,339,314. Insiders own 0.08% of the company's stock.

Home Depot News Roundup

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

• Positive Sentiment: Home Depot attracted approximately $62.1 million of net ETF buying, suggesting continued institutional and passive-investment demand for HD shares. However, ETF flows are a technical signal rather than evidence of improving operating fundamentals. Home Depot Sees $62.1 Million in Net ETF Buying on Thursday
• Positive Sentiment: Dividend-focused coverage emphasizes Home Depot’s 2.84% yield, more than a decade of annual increases, and a 238% payout increase over the past decade. The company’s long-term dividend record may support the stock’s appeal to income-oriented investors. Home Depot Dividend Analysis
• Neutral Sentiment: Home Depot’s digital shelf labels are intended to display delivery timing and assist employees with online-order fulfillment—not to charge different prices to different shoppers. The initiative could improve operational efficiency while limiting concerns about personalized pricing. Home Depot Digital Price Tags
• Neutral Sentiment: Recent market commentary asks whether Home Depot can navigate shifting retail conditions, while another report benchmarks its second-quarter results against home-furnishing and improvement retailers. These articles frame HD’s outlook relative to industry trends rather than announcing a new company-specific catalyst. Can Home Depot Navigate a Shifting Market? Home Improvement Retail Q2 Benchmarking
• Negative Sentiment: Dividend analyses caution that the latest increases have slowed considerably compared with Home Depot’s historical growth. Pressure on housing activity, retail operations, and free cash flow could limit future payout growth and raise questions about how comfortably the dividend can expand. Home Depot Dividend Growth Analysis

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.