6,892 The Home Depot, Inc. $HD Shares Purchased by American Institute for Advanced Investment Management LLP

Key Points

• American Institute for Advanced Investment Management LLP increased its Home Depot stake by 68.9%, buying 6,892 shares in the third quarter to hold 16,893 shares valued at about $4.8 million.
• Home Depot beat quarterly estimates, reporting EPS of $4.92 versus $4.73 expected and revenue of $47.86 billion, up 5.7% year over year. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $375.31.
• Company insiders sold 9,829 shares worth approximately $3.34 million during the last quarter; insiders own 0.08% of the stock.

American Institute for Advanced Investment Management LLP grew its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 68.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,893 shares of the home improvement retailer's stock after purchasing an additional 6,892 shares during the quarter. Home Depot comprises 2.7% of American Institute for Advanced Investment Management LLP's portfolio, making the stock its 5th biggest holding. American Institute for Advanced Investment Management LLP's holdings in Home Depot were worth $4,806,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in Home Depot during the second quarter worth about $28,771,247,000. State Street Corp lifted its position in 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 worth $16,637,688,000 after acquiring an additional 499,168 shares during the period. Bank of America Corp DE purchased a new position in Home Depot in the 2nd quarter worth approximately $5,780,468,000. Bank of New York Mellon Corp purchased a new position in Home Depot in the second quarter worth approximately $2,777,396,000. Finally, Corient Private Wealth LP purchased a new stake in Home Depot in the 2nd quarter valued at approximately $390,913,000. Institutional investors own 70.86% of the company's stock.

Insider Buying and Selling at Home Depot

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 value of $2,086,567.60. Following the completion of the transaction, the chief financial officer directly 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Roseborough sold 2,455 shares of the stock in a transaction that occurred on 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 owned 14,061 shares in the company, valued at approximately $4,622,834.97. This trade represents a 14.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,829 shares of company stock worth $3,339,314 in the last quarter. 0.08% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on HD. Truist Financial raised their price target on shares of Home Depot from $369.00 to $373.00 and gave the stock a "buy" rating in a report on Wednesday, August 19th. KeyCorp reaffirmed a "sector weight" rating on shares of Home Depot in a research note on Wednesday, August 19th. Guggenheim restated a "buy" rating and set a $425.00 price target on shares of Home Depot in a research report on Wednesday, August 19th. Royal Bank Of Canada dropped their price objective on shares of Home Depot from $343.00 to $342.00 and set a "sector perform" rating on the stock in a research note on Wednesday, August 19th. Finally, Mizuho upped their target price on Home Depot from $385.00 to $390.00 and gave the company an "outperform" rating in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and an average target price of $375.31.

Home Depot Stock Performance

NYSE HD opened at $343.48 on Friday. 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 market cap of $342.69 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 2.43 and a beta of 0.93. The business has a 50-day moving average price of $309.42 and a 200-day moving average price of $334.08. 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 posted its quarterly earnings results 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 company had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. Home Depot's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders 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 annualized dividend and a yield of 2.7%. Home Depot's dividend payout ratio (DPR) is currently 65.22%.

Home Depot 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.

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