Grandfield & Dodd LLC Takes $1.52 Million Position in The Home Depot, Inc. $HD

Grandfield & Dodd LLC purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 4,323 shares of the home improvement retailer's stock, valued at approximately $1,525,000.

Several other hedge funds and other institutional investors also recently modified their holdings of HD. Auxano Advisors LLC bought a new position in shares of Home Depot in the 2nd quarter worth $2,135,000. Argyle Capital Partners LLC bought a new stake in shares of Home Depot in the 2nd quarter valued at about $283,000. IMG Wealth Management Inc. purchased a new stake in shares of Home Depot during the second quarter valued at approximately $168,000. Focused Alpha LLC bought a new stake in Home Depot in the 2nd quarter worth $564,000. Finally, B & T Capital Management DBA Alpha Capital Management boosted its holdings in shares of Home Depot by 2.7% during the second quarter. B & T Capital Management DBA Alpha Capital Management now owns 15,033 shares of the home improvement retailer's stock worth $5,302,000 after purchasing an additional 391 shares during the period. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Transactions at Home Depot

In related news, CFO Richard V. Mcphail sold 5,989 shares of Home Depot stock in a transaction dated 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 completion of the sale, the chief financial officer owned 48,104 shares in the company, valued at $16,759,433.60. This trade represents a 11.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.08% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently commented on HD shares. Weiss Ratings raised Home Depot from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 7th. Mizuho boosted their price objective on shares of Home Depot from $385.00 to $390.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 19th. Wells Fargo & Company increased their target price on Home Depot from $360.00 to $400.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 11th. Oppenheimer cut their price objective on shares of Home Depot from $405.00 to $310.00 and set a "market perform" rating on the stock in a research report on Monday, May 18th. Finally, Truist Financial increased their target price on Home Depot from $369.00 to $373.00 and gave the company a "buy" rating in a research note on Wednesday, August 19th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $375.54.

Home Depot Stock Performance

NYSE:HD opened at $337.54 on Tuesday. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The stock has a 50-day moving average price of $341.02 and a 200 day moving average price of $339.89. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The stock has a market capitalization of $336.56 billion, a P/E ratio of 23.62, a P/E/G ratio of 3.70 and a beta of 0.95.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.73 by $0.19. The firm had revenue of $47.86 billion for the quarter, compared to analysts' expectations of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The business's revenue 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. Equities research analysts forecast that The Home Depot, Inc. will post 14.99 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced 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. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, September 3rd. Home Depot's payout ratio is 65.22%.

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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