Investment House LLC Sells 5,943 Shares of The Home Depot, Inc. $HD

Key Points

• Investment House LLC cut its Home Depot stake by 41.1% in the third quarter, selling 5,943 shares and retaining 8,520 shares valued at approximately $2.42 million. Institutional investors overall own 70.86% of the company.
• Analysts maintain a generally positive outlook, with Home Depot rated a “Moderate Buy” and an average price target of $375.93. Recent quarterly results exceeded expectations, with adjusted earnings of $4.92 per share and revenue of $47.86 billion.
• Home Depot’s shares opened at $327.63 and the company recently paid a quarterly dividend of $2.33, equivalent to an annualized $9.32 and a 2.8% yield. Insiders sold 9,829 shares worth approximately $3.34 million during the latest quarter.

Investment House LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 41.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,520 shares of the home improvement retailer's stock after selling 5,943 shares during the quarter. Investment House LLC's holdings in Home Depot were worth $2,424,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its stake in Home Depot by 5.0% during the third quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 5,561 shares of the home improvement retailer's stock worth $1,582,000 after acquiring an additional 263 shares during the last quarter. JSF Financial LLC raised its position in Home Depot by 13.8% in the third quarter. JSF Financial LLC now owns 3,105 shares of the home improvement retailer's stock valued at $883,000 after purchasing an additional 377 shares during the period. Marion Wealth Management lifted its stake in shares of Home Depot by 4.3% in the 3rd quarter. Marion Wealth Management now owns 8,226 shares of the home improvement retailer's stock valued at $2,340,000 after purchasing an additional 342 shares during the last quarter. Smith Chas P & Associates PA Cpas lifted its stake in shares of Home Depot by 1.2% in the 3rd quarter. Smith Chas P & Associates PA Cpas now owns 189,655 shares of the home improvement retailer's stock valued at $58,723,000 after purchasing an additional 2,247 shares during the last quarter. Finally, Cypress Wealth Services LLC lifted its stake in shares of Home Depot by 14.5% in the 3rd quarter. Cypress Wealth Services LLC now owns 3,966 shares of the home improvement retailer's stock valued at $1,137,000 after purchasing an additional 502 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Activity

In other news, CAO Kimberly Scardino sold 675 shares of Home Depot stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $305.95, for a total transaction of $206,516.25. Following the completion of the sale, the chief accounting officer directly owned 8,189 shares of the company's stock, valued at approximately $2,505,424.55. The trade was a 7.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Rowe sold 710 shares of the business's stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total transaction of $239,099.60. Following the transaction, 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,829 shares of company stock valued at $3,339,314 over the last quarter. Company insiders own 0.08% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on HD shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Home Depot in a report on Friday, October 2nd. Stifel Nicolaus boosted their price objective on shares of Home Depot from $320.00 to $340.00 and gave the company a "hold" rating in a report on Monday, August 17th. Guggenheim reaffirmed a "buy" rating and issued a $425.00 target price on shares of Home Depot in a research report on Wednesday, August 19th. KeyCorp reaffirmed a "sector weight" rating on shares of Home Depot in a research report on Wednesday, August 19th. Finally, Royal Bank Of Canada lowered their target price on shares of Home Depot from $343.00 to $342.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and an average target price of $375.93.

Home Depot Stock Up 4.3%

Home Depot stock opened at $327.63 on Friday. 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 firm has a market capitalization of $326.87 billion, a P/E ratio of 21.21, a P/E/G ratio of 2.23 and a beta of 1.00. The stock's fifty day simple moving average is $310.06 and its 200-day simple moving average is $323.91. The Home Depot, Inc. has a twelve month low of $277.15 and a twelve month high of $397.63.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The company had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the previous year, the firm earned $4.68 earnings per share. The firm's quarterly revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were issued a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Thursday, September 3rd. Home Depot's dividend payout ratio (DPR) is presently 65.22%.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Home Depot added roughly $13 billion in market value in after-hours trading, reflecting strong investor demand and renewed confidence in the retailer. Home Depot Surges 4% After Hours, Adding $13 Billion in Market Value
• Positive Sentiment: Positive earnings and revenue estimate revisions are bringing Home Depot’s valuation back into focus. The shares have also moved above their 50-day moving average, while the company’s expansion into distribution could support longer-term growth and contractor sales. Home Depot Earnings Revisions Bring Its Valuation Story Back Into Focus
• Positive Sentiment: A technical analysis article highlights HD’s move above a historically bullish trendline, a signal that has often preceded further gains. Blue-Chip Stock Just Crossed Over Historically Bullish Trendline
• Positive Sentiment: Trefis argues that a key valuation metric makes Home Depot attractive, adding to the current bullish investment case. One Number That Makes Home Depot a Buy
• Neutral Sentiment: The Home Depot Foundation committed $1 billion through 2032 to veteran causes, including housing initiatives. The announcement strengthens the company’s social-impact profile but is unlikely to materially affect near-term earnings. The Home Depot Foundation Pledges $1 Billion to Veteran Causes by 2032
• Negative Sentiment: Analysts continue to flag risks from a sluggish housing market and weak affordability, which may delay large renovation projects. The larger distribution network could increase sales opportunities, but it also requires capital and may carry different margins. Home Depot Stuck Between Two Fundamental Issues

About Home Depot

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors, and other building and maintenance professionals. The company sells a broad selection of building materials, hardware, tools, appliances, paint, plumbing and electrical supplies, flooring, lighting, lawn and garden products, and home décor.

In addition to merchandise, Home Depot offers services such as product delivery, tool and equipment rental, credit services, and installation for selected products.

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