8,445 Shares in The Home Depot, Inc. $HD Bought by Sawyer & Company Inc

Key Points

• Sawyer & Company acquired 8,445 Home Depot shares in the third quarter, valued at approximately $2.4 million. Institutional investors collectively own 70.86% of the company.
• Home Depot insiders sold 9,829 shares worth about $3.34 million during the last quarter, while insiders retain just 0.08% of outstanding shares.
• Wall Street maintains a Moderate Buy consensus, with an average price target of $375.93 versus the stock’s reported $313.82 price; the company recently beat quarterly earnings and revenue expectations.

Sawyer & Company Inc acquired a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,445 shares of the home improvement retailer's stock, valued at approximately $2,403,000.

Other hedge funds also recently made changes to their positions in the company. Zeit Capital LLC acquired a new position in shares of Home Depot during the second quarter worth $26,000. Cache Advisors LLC acquired a new stake in Home Depot during the 1st quarter valued at $27,000. Principia Wealth Advisory LLC grew its holdings in Home Depot by 60.4% during the 2nd quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer's stock valued at $30,000 after purchasing an additional 32 shares in the last quarter. Merkkuri Wealth Advisors LLC acquired a new stake in Home Depot during the 1st quarter valued at $28,000. Finally, Navigoe LLC acquired a new stake in Home Depot during the 2nd quarter valued at $32,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot News Summary

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

• Positive Sentiment: Home Depot crossed above a historically bullish trendline. Similar technical breakouts have historically preceded significant gains, while the stock had recently posted a six-session advance and remains near the $320 level. Blue-Chip Stock Just Crossed Over Historically Bullish Trendline
• Positive Sentiment: The stock previously outperformed the broader market, supported by investor interest in Home Depot’s professional-contractor strategy, acquisitions, and logistics network. Why Home Depot Outpaced the Stock Market Today
• Neutral Sentiment: Home Depot is becoming a larger distributor, combining 2,364 retail stores with more than 1,340 distribution locations. The broader network could capture more contractor spending, but its margins, capital needs, and returns may differ from the traditional retail model. Home Depot: Does Becoming a Bigger Distributor Change How the Stock Should Be Valued?
• Neutral Sentiment: Home Depot remains a widely watched and trending stock, although investor attention alone does not change the company’s fundamentals. Key factors include housing activity, renovation demand, earnings growth, and execution of its contractor-focused strategy. What to Know Beyond Why Home Depot Is a Trending Stock
• Negative Sentiment: The company is caught between a sluggish housing market and restrained large renovation projects. Weak housing turnover and affordability pressures could delay demand recovery, making investors cautious about paying a premium for Home Depot’s larger platform. Home Depot Stuck Between Two Fundamental Issues

Insider Activity at Home Depot

In other 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 sale, the executive vice president owned 6,838 shares in the company, valued at approximately $2,302,764.88. This represents a 9.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Richard 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 transaction of $2,086,567.60. Following the completion of the sale, the chief financial officer owned 48,104 shares in the company, valued at approximately $16,759,433.60. This trade represents a 11.07% 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 worth $3,339,314 over the last quarter. Company insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HD shares. Melius Research set a $397.00 price objective on shares of Home Depot in a research report on Tuesday, October 6th. Jefferies Financial Group restated a "buy" rating and set a $398.00 target price on shares of Home Depot in a research note on Tuesday, August 18th. TD Cowen reaffirmed a "buy" rating on shares of Home Depot in a research report on Monday, August 10th. Mizuho boosted their price target on Home Depot from $385.00 to $390.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 19th. Finally, UBS Group reiterated a "buy" rating on shares of Home Depot in a research note on Thursday, September 17th. One equities research 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 assigned a Sell rating to the company. According to MarketBeat.com, Home Depot presently has a consensus rating of "Moderate Buy" and an average target price of $375.93.

Home Depot Stock Down 0.4%

Shares of NYSE:HD opened at $313.82 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The company has a fifty day simple moving average of $310.33 and a 200 day simple moving average of $323.87. The firm has a market cap of $313.10 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 2.24 and a beta of 1.00. The Home Depot, Inc. has a 12-month low of $277.15 and a 12-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 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 firm had revenue of $47.86 billion for the quarter, compared to analysts' expectations of $47.24 billion. During the same period in the prior year, the company posted $4.68 earnings per share. The firm's quarterly revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were given a $2.33 dividend. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $9.32 annualized dividend and a dividend yield of 3.0%. Home Depot's payout ratio is presently 65.22%.

About Home Depot

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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