Baird Financial Group Inc. Has $1.04 Billion Holdings in The Home Depot, Inc. $HD

Key Points

• Baird Financial Group increased its Home Depot position by 1.3% in the second quarter, holding 2.95 million shares valued at approximately $1.04 billion. Institutional investors collectively own 70.86% of the company.
• Home Depot exceeded quarterly expectations, reporting $4.92 in earnings per share and $47.86 billion in revenue, with revenue rising 5.7% year over year. Analysts maintain a “Moderate Buy” consensus rating and an average price target of $375.54.
• The company declared a quarterly dividend of $2.33 per share, equivalent to $9.32 annually and a 3.0% yield. Meanwhile, insiders sold 9,154 shares worth approximately $3.13 million over the past 90 days.

Baird Financial Group Inc. boosted its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,953,823 shares of the home improvement retailer's stock after purchasing an additional 38,181 shares during the period. Home Depot accounts for about 1.4% of Baird Financial Group Inc.'s portfolio, making the stock its 14th biggest holding. Baird Financial Group Inc. owned about 0.30% of Home Depot worth $1,041,754,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Advocate Investing Services LLC bought a new stake in shares of Home Depot during the fourth quarter worth about $25,000. Zeit Capital LLC acquired a new stake in Home Depot during the 2nd quarter worth approximately $26,000. Parvin Asset Management LLC boosted its position in Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock worth $26,000 after buying an additional 33 shares during the period. Cache Advisors LLC bought a new stake in Home Depot during the 1st quarter worth approximately $27,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in Home Depot during the 1st quarter worth approximately $28,000. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Home Depot

In related news, EVP Michael F. Rowe sold 710 shares of the company's stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total transaction of $239,099.60. Following the transaction, the executive vice president directly 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. The transaction was disclosed in a filing 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 stock was sold at an average price of $328.77, for a total value of $807,130.35. Following the completion of the transaction, the executive vice president owned 14,061 shares in the company, valued at approximately $4,622,834.97. The trade was a 14.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 9,154 shares of company stock valued at $3,132,798. Corporate insiders own 0.08% of the company's stock.

Home Depot Stock Performance

HD stock opened at $313.58 on Wednesday. The firm has a market cap of $312.86 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 3.53 and a beta of 0.95. 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 stock has a 50-day moving average price of $337.98 and a 200-day moving average price of $335.09. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75.

Home Depot (NYSE:HD - Get Free Report) last issued its 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 business had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The firm's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities research analysts expect that The Home Depot, Inc. will post 15 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be issued a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Thursday, September 3rd. Home Depot's dividend payout ratio (DPR) is presently 65.22%.

Analyst Upgrades and Downgrades

HD has been the subject of several recent research reports. Morgan Stanley decreased their price target on shares of Home Depot from $420.00 to $400.00 and set an "overweight" rating for the company in a research report on Wednesday, May 20th. DA Davidson restated a "buy" rating and issued a $377.00 price objective on shares of Home Depot in a report on Wednesday, August 19th. Mizuho raised their target price on Home Depot from $385.00 to $390.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 19th. Oppenheimer reduced their price target on Home Depot from $405.00 to $310.00 and set a "market perform" rating on the stock in a research report on Monday, May 18th. Finally, JPMorgan Chase & Co. decreased their price target on Home Depot from $423.00 to $396.00 and set an "overweight" rating for the company in a research note on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $375.54.

Home Depot Company Profile

The Home Depot, Inc is a home improvement retailer that sells building materials, appliances, decor, hardware, tools, paint, lawn and garden products, and related merchandise. The company serves do-it-yourself customers, professional contractors, homebuilders, and other commercial customers through its retail stores and digital platforms.

Home Depot also provides services such as equipment and tool rental, delivery, installation, and project support. Its professional-focused offerings include job-lot quantities, specialized products, credit services, and account support designed for contractors and other trade customers.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, the company is headquartered in Atlanta, Georgia.

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