Americana Partners LLC Makes New $17.56 Million Investment in The Home Depot, Inc. $HD

Key Points

• Americana Partners LLC acquired 61,726 Home Depot shares during the third quarter, valued at approximately $17.56 million. Institutional investors collectively own 70.86% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $375.31, although some firms recently lowered targets or assigned market-perform ratings.
• Home Depot reported quarterly revenue of $47.86 billion, up 5.7% year over year, and EPS of $4.92, exceeding expectations. The company also pays a quarterly dividend of $2.33, equivalent to a 2.8% annual yield.

Americana Partners LLC bought a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 61,726 shares of the home improvement retailer's stock, valued at approximately $17,560,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. bought a new stake in Home Depot during the second quarter valued at about $28,771,247,000. State Street Corp grew its stake in Home Depot by 1.1% in the second quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer's stock valued at $16,637,688,000 after purchasing an additional 499,168 shares during the last quarter. Bank of America Corp DE bought a new position in Home Depot in the second quarter worth about $5,780,468,000. Bank of New York Mellon Corp bought a new position in Home Depot in the second quarter worth about $2,777,396,000. Finally, Amundi lifted its position in shares of Home Depot by 26.4% during the second quarter. Amundi now owns 7,339,614 shares of the home improvement retailer's stock valued at $2,588,535,000 after buying an additional 1,533,276 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. TD Cowen restated a "buy" rating on shares of Home Depot in a report on Monday, August 10th. KeyCorp reiterated a "sector weight" rating on shares of Home Depot in a research note on Wednesday, August 19th. Mizuho increased their target price 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. Royal Bank Of Canada lowered their target price on shares of Home Depot from $343.00 to $342.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 19th. Finally, Sanford C. Bernstein lowered their target price on shares of Home Depot from $354.00 to $344.00 and set a "market perform" rating for the company in a research note on Wednesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $375.31.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Steady demand for smaller home-improvement projects and continued digital gains are helping sustain Home Depot’s sales growth despite pressure on larger renovations. This suggests consumers are still spending on maintenance and affordable upgrades. Are Smaller Home Projects Sustaining Home Depot's Sales Growth?
• Positive Sentiment: One analysis identifies HD as a potential long-term stock, supporting the bullish case based on the company’s scale, established brand, cash generation, and ability to benefit when housing and renovation activity recover. Why Home Depot Is a Top Stock for the Long-Term
• Positive Sentiment: Coverage of dividend-focused blue-chip investments highlights Home Depot’s long history of returning cash to shareholders. Its dividend may appeal to investors seeking income while waiting for a broader housing and remodeling recovery. $300,000 in Home Depot, IBM and McDonald's Could Pay Over $8,500 a Year
• Neutral Sentiment: A comparison with Somnigroup International asks whether SGI or HD offers better value. The article is primarily a relative-valuation discussion rather than a new company-specific catalyst, so its effect on HD is likely limited. SGI vs. HD: Which Stock Is the Better Value Option?
• Negative Sentiment: Another analysis argues that HD’s valuation may be demanding after its roughly 20% three-year gain, raising concern that the share price could already reflect much of the expected future cash flow. Home Depot Stock Looks Overvalued After Its Three-Year Run
• Negative Sentiment: Commentary on a delayed macroeconomic recovery presents HD as a potential dip-buying opportunity, but also signals that high interest rates, weaker housing activity, and postponed major renovations may continue to restrain near-term results. Home Depot: Delayed Macro Recovery Triggers Dip Buying Opportunity and Richer Yields

Home Depot Trading Up 0.1%

Home Depot stock opened at $329.31 on Friday. The stock has a 50-day moving average price of $308.45 and a 200 day moving average price of $334.91. The company has a market capitalization of $328.55 billion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 2.34 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. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data 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 return on equity of 106.42% and a net margin of 8.41%. The business had revenue of $47.86 billion during the quarter, compared to analysts' expectations of $47.24 billion. During the same quarter in the previous year, the firm posted $4.68 EPS. The company's revenue for the quarter was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. 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 disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were given a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 2.8%. The ex-dividend date was Thursday, September 3rd. Home Depot's dividend payout ratio is currently 65.22%.

Insider Buying and Selling

In related news, CAO Kimberly R. Scardino sold 675 shares of the firm's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $305.95, for a total transaction of $206,516.25. Following the sale, the chief accounting officer owned 8,189 shares in the company, valued at approximately $2,505,424.55. This trade represents a 7.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Teresa Roseborough sold 2,455 shares of the firm's stock in a transaction 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 sale, the executive vice president owned 14,061 shares in the company, valued at approximately $4,622,834.97. This represents a 14.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 9,829 shares of company stock worth $3,339,314. 0.08% of the stock is currently owned by company insiders.

Home Depot Company 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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