7,772 The Home Depot, Inc. $HD Shares Sold by StrongBox Wealth LLC

Key Points

• StrongBox Wealth cut its Home Depot stake by 57.5% in the third quarter, selling 7,772 shares and retaining 5,739 shares valued at about $1.63 million.
• Institutional investors own 70.86% of Home Depot shares. Company insiders also sold 9,829 shares worth roughly $3.34 million over the last quarter.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $375.31. Home Depot beat quarterly earnings and revenue estimates, though weak housing activity and potential cost pressures remain concerns.

StrongBox Wealth LLC reduced its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 57.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,739 shares of the home improvement retailer's stock after selling 7,772 shares during the quarter. StrongBox Wealth LLC's holdings in Home Depot were worth $1,633,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. B&D White Capital Company LLC acquired a new position in Home Depot during the 3rd quarter valued at $17,559,000. Platform Technology Partners boosted its holdings in Home Depot by 1.8% in the 3rd quarter. Platform Technology Partners now owns 11,755 shares of the home improvement retailer's stock valued at $3,344,000 after purchasing an additional 208 shares during the period. Quest 10 Wealth Builders Inc. grew its position in Home Depot by 43.7% in the 3rd quarter. Quest 10 Wealth Builders Inc. now owns 194 shares of the home improvement retailer's stock worth $55,000 after purchasing an additional 59 shares during the last quarter. Wealth Dimensions Group Ltd. grew its position in Home Depot by 2.6% in the 3rd quarter. Wealth Dimensions Group Ltd. now owns 3,066 shares of the home improvement retailer's stock worth $872,000 after purchasing an additional 79 shares during the last quarter. Finally, Bfsg LLC grew its position in Home Depot by 3.2% in the 3rd quarter. Bfsg LLC now owns 15,488 shares of the home improvement retailer's stock worth $4,406,000 after purchasing an additional 487 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Home Depot

In related 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 sale, the chief financial officer owned 48,104 shares of the company's stock, valued at $16,759,433.60. The trade was a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Michael F. Rowe sold 710 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the transaction, the executive vice president directly owned 6,838 shares of the company's stock, valued at $2,302,764.88. This trade represents a 9.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,829 shares of company stock valued at $3,339,314 over the last quarter. 0.08% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. TD Cowen restated a "buy" rating on shares of Home Depot in a report on Monday, August 10th. UBS Group reiterated a "buy" rating on shares of Home Depot in a research note on Thursday, September 17th. Truist Financial increased their target price on shares of Home Depot from $369.00 to $373.00 and gave the company a "buy" rating in a research note on Wednesday, August 19th. KeyCorp reissued a "sector weight" rating on shares of Home Depot in a research report on Wednesday, August 19th. Finally, Guggenheim restated a "buy" rating and set a $425.00 price target on shares of Home Depot in a research note on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and an average price target of $375.31.

Home Depot News Summary

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

• Positive Sentiment: After the midterm elections, housing-related stocks rallied as Treasury yields eased and investors anticipated lower borrowing costs and potential housing-affordability measures. That backdrop has renewed interest in Home Depot and helped lift its shares recently. Home Depot jumped, what is driving attention now?
• Neutral Sentiment: Home Depot joined other companies objecting to a proposed tokenized-stock venue. The reports give no reason for the objection or indication of a direct effect on the retailer’s operations. Apple and Home Depot join list of objectors to tokenized stock plan
• Negative Sentiment: The housing backdrop remains a concern: housing turnover is historically weak, and Home Depot’s management has indicated that customers are waiting for greater certainty before taking on big projects. One reason to buy Home Depot stock during a weak housing market
• Negative Sentiment: Analysts have flagged potential margin headwinds from rising input and fuel costs, as well as acquisition-related product mix, despite tariff refunds supporting recent margins. Home Depot's margin outlook faces inflationary headwinds

Home Depot Stock Down 1.5%

Shares of HD stock opened at $349.96 on Friday. The stock has a market cap of $349.15 billion, a P/E ratio of 24.49, a price-to-earnings-growth ratio of 2.53 and a beta of 0.93. The Home Depot, Inc. has a one year low of $277.15 and a one year high of $397.63. The stock has a fifty day moving average price of $309.12 and a 200 day moving average price of $334.24. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31.

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 for the quarter, topping analysts' consensus estimates of $4.73 by $0.19. The firm had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The business's revenue 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. Analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were issued a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot's dividend payout ratio (DPR) is presently 65.22%.

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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