BlackRock Inc. Takes Position in The Home Depot, Inc. $HD

BlackRock Inc. acquired a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 81,578,902 shares of the home improvement retailer's stock, valued at approximately $28,771,247,000. BlackRock Inc. owned 8.18% of Home Depot at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of HD. Occidental Asset Management LLC acquired a new position in shares of Home Depot in the 2nd quarter valued at $6,010,000. Dunhill Financial LLC acquired a new stake in shares of Home Depot during the 2nd quarter worth $363,000. Pallas Capital Advisors LLC acquired a new stake in shares of Home Depot during the 2nd quarter worth $2,729,000. Panoramic Capital Partners LLC purchased a new position in shares of Home Depot in the 2nd quarter worth $315,000. Finally, Performance Wealth Partners LLC purchased a new stake in Home Depot during the second quarter valued at about $324,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

HD opened at $337.54 on Tuesday. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The firm has a market cap of $336.56 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 3.70 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 company has a fifty day simple moving average of $341.02 and a 200 day simple moving average of $339.89.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS 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 analyst estimates of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm's revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts expect that The Home Depot, Inc. will post 14.99 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be issued a dividend of $2.33 per share. The ex-dividend date is Thursday, September 3rd. This represents a $9.32 annualized dividend and a yield of 2.8%. Home Depot's payout ratio is currently 65.22%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Mizuho boosted their target price on Home Depot from $385.00 to $390.00 and gave the stock an "outperform" rating in a report on Wednesday, August 19th. KeyCorp restated a "sector weight" rating on shares of Home Depot in a report on Wednesday, August 19th. Evercore reduced their price target on shares of Home Depot from $415.00 to $400.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 20th. JPMorgan Chase & Co. decreased their price objective on shares of Home Depot from $423.00 to $396.00 and set an "overweight" rating for the company in a research note on Wednesday, May 20th. Finally, The Goldman Sachs Group dropped their price objective on shares of Home Depot from $409.00 to $390.00 and set a "buy" rating for the company in a research report on Wednesday, May 20th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and a consensus target price of $375.54.

Insider Transactions at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 5,989 shares of the company's stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 48,104 shares of the company's stock, valued at $16,759,433.60. This represents a 11.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.08% of the stock is owned by corporate insiders.

Home Depot Profile

The Home Depot, Inc NYSE: HD is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot's core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.

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