Blodgett Wealth Advisors LLC Acquires New Stake in The Home Depot, Inc. $HD

Key Points

• Blodgett Wealth Advisors acquired 5,452 Home Depot shares worth approximately $1.92 million, making the stock about 1.3% of its portfolio. Institutional investors collectively own 70.86% of the company.
• Home Depot reported quarterly earnings of $4.92 per share and revenue of $47.86 billion, exceeding analyst expectations, while revenue rose 5.7% year over year.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $375.54. The company also declared a quarterly dividend of $2.33 per share, representing a 2.8% annualized yield.

Blodgett Wealth Advisors LLC acquired a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,452 shares of the home improvement retailer's stock, valued at approximately $1,923,000. Home Depot comprises approximately 1.3% of Blodgett Wealth Advisors LLC's portfolio, making the stock its 14th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Curio Wealth LLC grew its holdings in shares of Home Depot by 13.5% in the fourth quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer's stock worth $76,000 after purchasing an additional 26 shares during the last quarter. Moneco Advisors LLC lifted its holdings in Home Depot by 0.3% during the 4th quarter. Moneco Advisors LLC now owns 8,743 shares of the home improvement retailer's stock valued at $3,008,000 after buying an additional 27 shares in the last quarter. Noesis Capital Mangement Corp boosted its position in Home Depot by 1.5% in the 4th quarter. Noesis Capital Mangement Corp now owns 1,770 shares of the home improvement retailer's stock valued at $609,000 after buying an additional 27 shares during the period. Eubel Brady & Suttman Asset Management Inc. boosted its position in Home Depot by 1.3% in the 4th quarter. Eubel Brady & Suttman Asset Management Inc. now owns 2,130 shares of the home improvement retailer's stock valued at $733,000 after buying an additional 27 shares during the period. Finally, Mill Capital Management LLC boosted its position in Home Depot by 0.4% in the 4th quarter. Mill Capital Management LLC now owns 7,377 shares of the home improvement retailer's stock valued at $2,538,000 after buying an additional 27 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Buying and Selling

In related news, EVP Michael F. Rowe sold 710 shares of the firm's 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 sale, the executive vice president owned 6,838 shares of the company's stock, valued at $2,302,764.88. This trade represents a 9.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 2,455 shares of the firm's stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $328.77, for a total value of $807,130.35. Following the sale, the executive vice president directly 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. Insiders sold 9,154 shares of company stock worth $3,132,798 in the last three months. 0.08% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HD shares. KeyCorp reaffirmed a "sector weight" rating on shares of Home Depot in a research report on Wednesday, August 19th. Citigroup lowered their price target on Home Depot from $450.00 to $400.00 and set a "buy" rating for the company in a report on Tuesday, May 12th. Mizuho increased their price objective on Home Depot from $385.00 to $390.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 19th. Weiss Ratings upgraded Home Depot from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 7th. Finally, Royal Bank Of Canada decreased their target price on Home Depot from $343.00 to $342.00 and set a "sector perform" rating for the company in a research report on Wednesday, August 19th. Eighteen 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, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus price target of $375.54.

Home Depot Stock Performance

Shares of HD stock opened at $328.52 on Tuesday. The firm has a market cap of $327.76 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 3.64 and a beta of 0.95. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The company's 50 day moving average is $341.00 and its 200 day moving average is $338.03.

Home Depot (NYSE:HD - Get Free Report) last posted 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 company had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.Home Depot's revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

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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