Clearstead Trust LLC Takes $2 Million Position in The Home Depot, Inc. $HD

Key Points

• Clearstead Trust LLC acquired 5,666 Home Depot shares in the second quarter, valued at approximately $2 million. Institutional investors collectively own 70.86% of the company.
• Home Depot exceeded quarterly expectations, reporting $4.92 in EPS and $47.86 billion in revenue, with sales up 5.7% year over year. The company also declared a quarterly dividend of $2.33 per share, representing an annualized yield of about 2.8%.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $375.54, although some firms lowered targets or ratings and analysts cited margin pressure and weaker major-project spending.

Clearstead Trust LLC acquired a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,666 shares of the home improvement retailer's stock, valued at approximately $1,998,000.

Other institutional investors have also bought and sold shares of the company. Advocate Investing Services LLC purchased a new position in shares of Home Depot in the 4th quarter worth approximately $25,000. Parvin Asset Management LLC lifted its holdings in Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock worth $26,000 after acquiring an additional 33 shares during the period. Cache Advisors LLC purchased a new stake in shares of Home Depot during the 1st quarter valued at $27,000. Merkkuri Wealth Advisors LLC purchased a new stake in shares of Home Depot during the 1st quarter valued at $28,000. Finally, Abound Financial LLC bought a new stake in shares of Home Depot during the 4th quarter worth $29,000. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Up 0.5%

HD opened at $336.04 on Friday. The company has a market capitalization of $335.07 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 3.68 and a beta of 0.95. The firm has a 50-day simple moving average of $340.86 and a two-hundred day simple moving average of $340.46. The company has a quick ratio of 0.28, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results 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 company had revenue of $47.86 billion for 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 business earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts forecast that The Home Depot, Inc. will post 14.99 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

More Home Depot News

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

• Positive Sentiment: Home Depot’s latest quarter showed solid execution: earnings and revenue exceeded consensus estimates, while sales increased year over year. Bank of America characterized the results as resilient despite a difficult housing backdrop. Home Depot Q2 results analysis
• Positive Sentiment: The board declared a quarterly dividend of $2.33 per share, payable September 17 to shareholders of record September 3. The annualized payout implies a yield of approximately 2.8%, supporting the stock’s income appeal. Home Depot declares quarterly dividend
• Positive Sentiment: DA Davidson, Argus and Guggenheim reiterated or assigned “Buy” ratings, indicating continued confidence in Home Depot’s long-term positioning. The company is also expanding nationwide express delivery to make smaller projects more convenient for cautious consumers. DA Davidson buy rating Home Depot expands express delivery
• Neutral Sentiment: Royal Bank of Canada lowered its price target to $342, while KeyCorp maintained a Sector Weight rating. The mixed recommendations suggest limited near-term upside despite the earnings beat. RBC lowers Home Depot price target
• Neutral Sentiment: Home Depot expanded executive responsibilities and awarded restricted stock, changes intended to support leadership continuity but with no immediate earnings impact. Home Depot executive changes
• Negative Sentiment: Reports highlight margin pressure and an uphill sales environment as customers delay or reduce spending on major renovations. This could constrain comparable sales and profitability even after the recent quarterly beat. Home Depot margin pressure Home Depot customer spending concerns
• Negative Sentiment: CFO Richard McPhail sold 5,989 shares worth approximately $2.1 million, reducing his position by 11.1%. While insider sales do not necessarily signal deteriorating fundamentals, the transaction may weigh modestly on sentiment. Home Depot CFO stock sale

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada decreased their price target 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. KeyCorp reissued a "sector weight" rating on shares of Home Depot in a research note on Wednesday. Wolfe Research cut shares of Home Depot from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, June 23rd. DA Davidson reaffirmed a "buy" rating and set a $377.00 price objective on shares of Home Depot in a research report on Wednesday. Finally, Wall Street Zen upgraded Home Depot from a "sell" rating to a "hold" rating in a report on Tuesday, June 2nd. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and an average target price of $375.54.

Insider Buying and Selling at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 5,989 shares of the business'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 completion of the transaction, the chief financial officer directly owned 48,104 shares of the company's stock, valued at approximately $16,759,433.60. The trade was a 11.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.08% of the stock is owned by company insiders.

About Home Depot

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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