Corient Private Wealth LP Makes New $390.91 Million Investment in The Home Depot, Inc. $HD

Key Points

• Corient Private Wealth acquired 7.74 million Home Depot shares worth approximately $390.9 million in the second quarter, giving it a 0.78% stake. Institutional investors and hedge funds collectively own 70.86% of the company.
• Home Depot exceeded quarterly expectations, reporting $4.92 in EPS versus the $4.73 consensus and $47.86 billion in revenue, up 5.7% year over year. The company also declared a $2.33 quarterly dividend, equivalent to a 2.9% annualized yield.
• HD shares opened at $319.70, below the analyst consensus target of $375.54, but the stock faces pressure from weak DIY demand and high mortgage rates that continue to deter housing moves and large renovation projects. Recent insider selling totaled 9,154 shares worth about $3.13 million.

Corient Private Wealth LP purchased a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,738,510 shares of the home improvement retailer's stock, valued at approximately $390,913,000. Corient Private Wealth LP owned approximately 0.78% of Home Depot at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Curio Wealth LLC raised its stake in Home Depot by 13.5% during the fourth quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer's stock valued at $76,000 after buying an additional 26 shares in the last quarter. Moneco Advisors LLC grew its position in shares of Home Depot by 0.3% in the 4th quarter. Moneco Advisors LLC now owns 8,743 shares of the home improvement retailer's stock worth $3,008,000 after acquiring an additional 27 shares in the last quarter. Noesis Capital Mangement Corp increased its holdings in shares of 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 acquiring an additional 27 shares during the last quarter. Eubel Brady & Suttman Asset Management Inc. increased its holdings in shares of 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 acquiring an additional 27 shares during the last quarter. Finally, Mill Capital Management LLC increased its holdings in shares of 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 acquiring an additional 27 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Insiders Place Their Bets

In other news, CFO Richard V. Mcphail sold 5,989 shares of Home Depot stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer owned 48,104 shares in the company, valued at approximately $16,759,433.60. The trade was a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael F. Rowe sold 710 shares of the 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 directly owned 6,838 shares in the company, valued at approximately $2,302,764.88. This represents a 9.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,154 shares of company stock worth $3,132,798 in the last ninety days. Insiders own 0.08% of the company's stock.

Home Depot Stock Down 2.5%

HD stock opened at $319.70 on Wednesday. The company has a 50 day moving average of $340.90 and a two-hundred day moving average of $337.53. The company has a market cap of $318.96 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 3.61 and a beta of 0.96. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month 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.

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 the consensus estimate of $4.73 by $0.19. The company had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15 earnings per share for the current fiscal 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 given a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 2.9%. The ex-dividend date is Thursday, September 3rd. Home Depot's dividend payout ratio (DPR) is currently 65.22%.

Analyst Upgrades and Downgrades

HD has been the topic of a number of recent research reports. Bank of America started coverage on shares of Home Depot in a report on Tuesday, May 5th. They issued a "buy" rating and a $374.00 target price on the stock. Wall Street Zen raised Home Depot from a "sell" rating to a "hold" rating in a report on Tuesday, June 2nd. Piper Sandler dropped their price target on Home Depot from $422.00 to $421.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 20th. Morgan Stanley cut their price target on Home Depot from $420.00 to $400.00 and set an "overweight" rating on the stock in a report on Wednesday, May 20th. Finally, Gordon Haskett boosted their price objective on Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. Eighteen research 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $375.54.

More Home Depot News

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

• Positive Sentiment: Home Depot is expanding its AI-powered Magic Apron tools across all U.S. stores. The technology provides localized product searches and project assistance, potentially improving customer engagement and supporting the company’s “Pro” growth strategy. Some analysis estimates the stock could be roughly 15% undervalued if that growth narrative gains traction. Home Depot Could Be 15% Undervalued On Its Pro Growth Narrative
• Positive Sentiment: The retailer’s latest quarterly results exceeded expectations, with earnings of $4.92 per share versus the $4.73 consensus and revenue of $47.86 billion, up 5.7% year over year. Analysts maintain a “Moderate Buy” consensus rating and an average price target above the current trading level.
• Positive Sentiment: Home Depot is scheduled to pay a quarterly dividend of $2.33 per share on September 17 to shareholders of record on September 3. The annualized dividend is $9.32, representing a yield of approximately 2.8%.
• Neutral Sentiment: Chief Financial Officer Richard McPhail and merchandising executive Billy Bastek will present at the Goldman Sachs Global Consumer and Retail Conference on September 15. Investors may look for updated commentary on demand, housing trends, and the professional business. The Home Depot to Present at the Goldman Sachs Global Consumer and Retail Conference
• Negative Sentiment: High mortgage rates continue to discourage homeowners from moving, with the probability of changing residences reaching a record-low 13.5%. Home Depot reportedly sees “no sign” of a housing-market turnaround, which weighs on renovation and big-ticket project demand. Americans Stop Moving as Mortgage Lock-In Persists
• Negative Sentiment: DIY demand remains weak as consumers defer larger home-improvement projects. Digital sales, broader category gains, and higher big-ticket sales provide some offset, but continued consumer caution is a near-term concern. Home Depot Faces Weak DIY Demand
• Negative Sentiment: Executive Vice President Teresa Wynn Roseborough sold 2,455 shares valued at approximately $807,000, reducing her direct ownership by 14.86%. While a single insider sale does not establish a trend, it may add modest pressure to investor sentiment. Teresa Wynn Roseborough Sells Shares of Home Depot

Home Depot Company 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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