Kimelman & Baird LLC Purchases Shares of 116,890 The Home Depot, Inc. $HD

Key Points

• Kimelman & Baird LLC acquired 116,890 Home Depot shares during the second quarter, valued at approximately $41.2 million and representing 2.2% of its portfolio. 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, while revenue increased 5.7% year over year. The company declared a quarterly dividend of $2.33, equivalent to a 2.9% annualized yield.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $375.54, compared with the stock’s reported price of $318.63; however, several firms recently lowered targets or maintained “Hold” ratings.

Kimelman & Baird LLC acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 116,890 shares of the home improvement retailer's stock, valued at approximately $41,225,000. Home Depot accounts for 2.2% of Kimelman & Baird LLC's investment portfolio, making the stock its 19th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Nova Scotia acquired a new position in Home Depot during the second quarter worth $118,723,000. Gator Capital Management LLC acquired a new position in shares of Home Depot during the fourth quarter valued at about $3,693,000. AFT Forsyth & Company Inc. acquired a new position in shares of Home Depot during the second quarter valued at about $1,896,000. King Luther Capital Management Corp increased its position in shares of Home Depot by 0.6% during the fourth quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer's stock worth $426,848,000 after acquiring an additional 7,180 shares in the last quarter. Finally, E Fund Management Co. Ltd. bought a new stake in shares of Home Depot during the second quarter worth about $3,915,000. Institutional investors own 70.86% of the company's stock.

Home Depot Trading Down 0.4%

NYSE:HD opened at $318.63 on Thursday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. The firm has a market cap of $317.89 billion, a price-to-earnings ratio of 22.30, a price-to-earnings-growth ratio of 3.52 and a beta of 0.95. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. The firm has a 50-day moving average price of $340.43 and a two-hundred day moving average price of $337.03.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results 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 firm 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 company's revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 15 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm 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 $2.33 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $9.32 annualized dividend and a yield of 2.9%. Home Depot's payout ratio is currently 65.22%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wolfe Research cut shares of Home Depot from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, June 23rd. Oppenheimer lowered their price objective on Home Depot from $405.00 to $310.00 and set a "market perform" rating for the company in a research note on Monday, May 18th. Truist Financial raised their target price on Home Depot from $369.00 to $373.00 and gave the company a "buy" rating in a report on Wednesday, August 19th. UBS Group decreased their price target on Home Depot from $430.00 to $420.00 and set a "buy" rating for the company in a report on Wednesday, August 19th. Finally, Stifel Nicolaus increased their price target on Home Depot from $320.00 to $340.00 and gave the company a "hold" rating in a research report on Monday, August 17th. Eighteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $375.54.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 2,455 shares of Home Depot stock in a transaction on Friday, August 28th. The stock was sold at an average price of $328.77, for a total transaction of $807,130.35. Following the sale, the executive vice president directly owned 14,061 shares in the company, valued at $4,622,834.97. The trade was a 14.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael F. Rowe sold 710 shares of the business's 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 completion of the transaction, the executive vice president directly owned 6,838 shares in the company, valued at $2,302,764.88. This trade represents a 9.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 9,154 shares of company stock valued at $3,132,798. Insiders own 0.08% of the company's stock.

More Home Depot News

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

Home Depot 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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