Glenview Trust Co Invests $26.97 Million in The Home Depot, Inc. $HD

Key Points

• Glenview Trust Co. purchased a new $26.97 million stake in Home Depot during the second quarter, acquiring 76,472 shares. Institutional investors collectively own 70.86% of the company.
• Home Depot exceeded quarterly expectations with EPS of $4.92 and revenue of $47.86 billion, up 5.7% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $375.54.
• The company declared a quarterly dividend of $2.33 per share, equivalent to a $9.32 annualized payout and a 2.9% yield; meanwhile, insiders have sold $3.13 million of stock over the past 90 days.

Glenview Trust Co purchased a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 76,472 shares of the home improvement retailer's stock, valued at approximately $26,970,000.

A number of other large investors have also made changes to their positions in HD. Parvin Asset Management LLC grew its stake 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 valued at $26,000 after acquiring an additional 33 shares during the period. Zeit Capital LLC acquired a new stake in shares of Home Depot during the second quarter worth about $26,000. Advocate Investing Services LLC bought a new position in shares of Home Depot during the 4th quarter valued at about $25,000. Cache Advisors LLC bought a new position in shares of Home Depot during the 1st quarter valued at about $27,000. Finally, Imprint Wealth LLC acquired a new position in shares of Home Depot in the 3rd quarter valued at approximately $34,000. Institutional investors own 70.86% of the company's stock.

Insiders Place Their Bets

In other news, EVP Michael F. Rowe sold 710 shares of the business's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total value of $239,099.60. Following the completion of the sale, the executive vice president owned 6,838 shares of the company's stock, valued at approximately $2,302,764.88. The trade was a 9.41% 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. Also, EVP Teresa Wynn Roseborough sold 2,455 shares of the company's stock in a transaction dated 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 in the company, valued at $4,622,834.97. This trade represents a 14.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,154 shares of company stock worth $3,132,798 in the last 90 days. Company insiders own 0.08% of the company's stock.

Home Depot News Roundup

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

• Positive Sentiment: Home Depot’s AI-powered Magic Apron tools are now available across U.S. stores, providing localized product search and project assistance. The technology could improve customer engagement and support the company’s professional-customer growth strategy. Home Depot Could Be 15% Undervalued On Its Pro Growth Narrative
• Positive Sentiment: Zacks Research modestly raised its fiscal 2027 EPS forecast for HD to $15.03 from $14.95, while analysts continue to project earnings growth through fiscal 2029. The company also recently exceeded quarterly EPS and revenue expectations, offering some fundamental support. Home Depot Faces Weak DIY Demand
• Positive Sentiment: A regional competitor, Earl May, reportedly plans to close roughly one-quarter of its stores. While the impact is likely limited, store closures could reduce competition in some local markets. Earl May Closing Stores

Analysts Set New Price Targets

A number of analysts recently issued reports on HD shares. 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. Royal Bank Of Canada reduced 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 report on Wednesday, August 19th. Robert W. Baird lowered their price objective on shares of Home Depot from $430.00 to $380.00 and set an "outperform" rating for the company in a research report on Wednesday, May 20th. Weiss Ratings upgraded shares of Home Depot from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 7th. Finally, Telsey Advisory Group cut their price objective on shares of Home Depot from $435.00 to $410.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $375.54.

Home Depot Stock Down 0.4%

Home Depot stock opened at $318.63 on Thursday. The stock has a market cap of $317.89 billion, a P/E ratio of 22.30, a P/E/G ratio of 3.52 and a beta of 0.95. 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 twelve month low of $289.10 and a twelve month high of $426.75. The company's 50-day moving average price is $340.43 and its two-hundred day moving average price is $337.03.

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, beating the consensus estimate 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 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. As a group, analysts expect that The Home Depot, Inc. will post 15 EPS for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be given a dividend of $2.33 per share. The ex-dividend date is Thursday, September 3rd. This represents a $9.32 annualized dividend and a yield of 2.9%. Home Depot's dividend payout ratio (DPR) is presently 65.22%.

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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