Danske Bank A S Invests $178.79 Million in The Home Depot, Inc. $HD

Key Points

• Danske Bank acquired 506,951 Home Depot shares worth approximately $178.8 million in the second quarter, giving it roughly 0.05% ownership; institutions collectively hold 70.86% of the stock.
• Home Depot exceeded quarterly expectations with $4.92 EPS and $47.86 billion in revenue, up 5.7% year over year. The company also declared a quarterly dividend of $2.33 per share, representing a 2.8% annualized yield.
• Analysts maintain a generally positive outlook, with an average “Moderate Buy” rating and a $375.54 price target, although CFO Richard McPhail sold about $2.1 million in shares.

Danske Bank A S 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 SEC. The firm acquired 506,951 shares of the home improvement retailer's stock, valued at approximately $178,791,000. Danske Bank A S owned about 0.05% of Home Depot at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advocate Investing Services LLC purchased a new position in Home Depot during the fourth quarter worth about $25,000. Zeit Capital LLC acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $26,000. Parvin Asset Management LLC lifted its holdings in shares of Home Depot by 110.0% in the 3rd 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 last quarter. Cache Advisors LLC purchased a new position in shares of Home Depot during the 1st quarter worth approximately $27,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in Home Depot in the 1st quarter valued at approximately $28,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Performance

Shares of HD stock opened at $337.97 on Wednesday. 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 Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. The stock has a market capitalization of $337.00 billion, a PE ratio of 23.65, a P/E/G ratio of 3.72 and a beta of 0.95. The firm has a 50 day moving average of $341.04 and a two-hundred day moving average of $339.54.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $47.86 billion for 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%.The company's revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts predict that The Home Depot, Inc. will post 14.99 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. Stockholders of record on Thursday, September 3rd will be given a dividend of $2.33 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. Home Depot's payout ratio is currently 65.22%.

Insider Buying and Selling at Home Depot

In related news, CFO Richard V. Mcphail sold 5,989 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the sale, the chief financial officer directly owned 48,104 shares in the company, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.08% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on HD. Royal Bank Of Canada cut their target price on Home Depot from $343.00 to $342.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 19th. Bank of America started coverage on Home Depot in a research report on Tuesday, May 5th. They set a "buy" rating and a $374.00 price target for the company. Wells Fargo & Company lifted their price objective on Home Depot from $360.00 to $400.00 and gave the company an "overweight" rating in a research note on Tuesday, August 11th. Truist Financial boosted their price objective on Home Depot from $369.00 to $373.00 and gave the company a "buy" rating in a report on Wednesday, August 19th. Finally, Argus reissued a "buy" rating and set a $400.00 target price on shares of Home Depot in a research note on Wednesday, August 19th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and an average target price of $375.54.

Trending Headlines about Home Depot

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

• Positive Sentiment: Home Depot reported quarterly revenue of $47.86 billion, up 5.7% year over year and above expectations, while adjusted diluted EPS of $4.92 exceeded the $4.73 consensus estimate. The results provided support for the stock, although they did not yet indicate a broad-based recovery in home improvement. Home Depot Q2 estimates and tariff refund
• Positive Sentiment: Management commentary indicated that smaller projects are driving growth as high mortgage rates and housing affordability challenges weigh on larger purchases. This suggests customers remain active, even if demand is shifting toward lower-cost jobs. Home Depot Q2 earnings call transcript
• Positive Sentiment: Home Depot’s 17-year dividend growth streak remains an attraction for income-oriented investors who can collect dividends while waiting for housing and renovation demand to improve. Home Depot dividend streak
• Neutral Sentiment: A $685 million tariff refund contributed to the quarterly outcome, raising concerns that part of the earnings strength may be one-time rather than driven by ongoing operating improvement. Home Depot tariff refund analysis
• Neutral Sentiment: The nationwide launch of three-hour delivery expands Home Depot’s e-commerce and fulfillment capabilities, but its effect on sales and margins remains unproven. Home Depot three-hour delivery
• Neutral Sentiment: Articles highlighting HD’s long-term multibagger returns and ownership by prominent investors may reinforce the company’s appeal, but they are not immediate earnings catalysts. Home Depot long-term returns
• Negative Sentiment: Home Depot’s CFO sold approximately $2.1 million of company stock. While insider selling can reflect personal financial planning, it may weigh modestly on sentiment. Home Depot CFO stock sale

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source