Corient Private Wealth LP Decreases Holdings in The Home Depot, Inc. $HD

Key Points

• Corient Private Wealth reduced its Home Depot stake by 7.0% in the second quarter, selling 78,525 shares and retaining 1.04 million shares valued at approximately $366.2 million. 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 estimates, while revenue increased 5.7% year over year. The company also declared a quarterly dividend of $2.33 per share, representing a 3.0% annualized yield.
• Company insiders sold 9,154 shares worth approximately $3.13 million during the last quarter. Despite the stock trading down 1.6%, analysts maintain a “Moderate Buy” consensus with an average price target of $375.18.

Corient Private Wealth LP decreased its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 7.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,038,282 shares of the home improvement retailer's stock after selling 78,525 shares during the period. Corient Private Wealth LP owned 0.10% of Home Depot worth $366,202,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Advocate Investing Services LLC purchased a new position in Home Depot in the fourth quarter valued at approximately $25,000. Zeit Capital LLC purchased a new stake in Home Depot in the second quarter worth $26,000. Parvin Asset Management LLC increased its position in Home Depot by 110.0% in the third 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 last quarter. Cache Advisors LLC bought a new stake in shares of Home Depot in the first quarter valued at $27,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in shares of Home Depot in the first quarter valued at $28,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Home Depot

In other news, CFO Richard V. Mcphail sold 5,989 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total value of $2,086,567.60. Following the sale, the chief financial officer directly owned 48,104 shares of the company's stock, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Teresa Roseborough sold 2,455 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 14,061 shares of the company's stock, valued at $4,622,834.97. This trade represents a 14.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 9,154 shares of company stock valued at $3,132,798 in the last quarter. 0.08% of the stock is currently owned by corporate insiders.

Home Depot Trading Down 1.6%

NYSE:HD opened at $305.58 on Friday. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The stock's fifty day moving average price is $336.12 and its two-hundred day moving average price is $334.07. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31. The company has a market cap of $304.87 billion, a P/E ratio of 21.38, a P/E/G ratio of 3.42 and a beta of 0.95.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share 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 company had revenue of $47.86 billion during the quarter, compared to analysts' expectations of $47.24 billion. During the same period in the previous year, the business earned $4.68 earnings per share. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15 EPS for the current year.

Home Depot Announces Dividend

The business also recently announced 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. This represents a $9.32 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, September 3rd. Home Depot's payout ratio is presently 65.22%.

Analyst Ratings Changes

HD has been the subject of several research reports. Wall Street Zen upgraded Home Depot from a "sell" rating to a "hold" rating in a research note on Tuesday, June 2nd. Weiss Ratings raised Home Depot from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 7th. Truist Financial boosted their price objective on Home Depot from $369.00 to $373.00 and gave the company a "buy" rating in a research note on Wednesday, August 19th. Robert W. Baird dropped their price objective on shares of Home Depot from $430.00 to $380.00 and set an "outperform" rating on the stock in a report on Wednesday, May 20th. Finally, BNP Paribas Exane cut their target price on shares of Home Depot from $348.00 to $325.00 and set a "neutral" rating for the company in a research report on Tuesday, May 19th. Eighteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $375.18.

Trending Headlines about Home Depot

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

• Positive Sentiment: Home Depot continues to benefit from momentum among professional customers, digital sales growth and faster fulfillment, which could support market-share gains and future growth despite a challenging housing environment. Home Depot Drops 12.4% in a Month: Time to Buy or Stay Cautious?
• Positive Sentiment: Home Depot is highlighted as a company with a durable record of dividend increases, potentially making the stock more attractive to income-focused investors during a cyclical downturn. 5 Stocks That Keep Raising Their Dividend Regardless Of The Market
• Neutral Sentiment: A quantitative signal has emerged that may interest contrarian options traders, although it does not change the company’s underlying operating outlook. A Rare Quant Signal Just Flashed for Contrarian Options Traders in Home Depot Stock
• Negative Sentiment: The key concern is that sales growth appears to be coming from larger customer baskets rather than more shopping visits. Continued reductions in traffic could make growth harder to sustain, particularly while the housing market remains effectively frozen. What Happens To Home Depot Stock If Shoppers Keep Visiting Less?
• Negative Sentiment: Analysts continue to cite housing weakness and cost pressures as risks. Sanford C. Bernstein lowered its price target from $354 to $344 and maintained a “market perform” rating, signaling limited near-term conviction.

Home Depot 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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