M Holdings Securities Inc. Makes New $5.75 Million Investment in The Home Depot, Inc. $HD

Key Points

• M Holdings Securities initiated a $5.75 million position in Home Depot during the third quarter, buying 20,202 shares. Institutional investors and hedge funds collectively own 70.86% of the stock.
• Analysts give Home Depot a consensus “Moderate Buy” rating, with an average price target of $375.31; 19 analysts rate it Buy or Strong Buy.
• Home Depot beat quarterly expectations, reporting EPS of $4.92 versus $4.73 forecast and revenue of $47.86 billion, up 5.7% year over year.

M Holdings Securities Inc. bought a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 20,202 shares of the home improvement retailer's stock, valued at approximately $5,747,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Avantax Planning Partners Inc. boosted its holdings in Home Depot by 12.5% in the third quarter. Avantax Planning Partners Inc. now owns 31,431 shares of the home improvement retailer's stock valued at $8,942,000 after acquiring an additional 3,489 shares during the last quarter. Candriam S.C.A. increased its stake in Home Depot by 12.1% during the third quarter. Candriam S.C.A. now owns 425,924 shares of the home improvement retailer's stock worth $121,614,000 after acquiring an additional 46,098 shares during the last quarter. American State Bank Iowa increased its stake in Home Depot by 8.8% during the third quarter. American State Bank Iowa now owns 2,305 shares of the home improvement retailer's stock worth $656,000 after acquiring an additional 186 shares during the last quarter. Ethic Inc. raised its holdings in shares of Home Depot by 3.6% in the 3rd quarter. Ethic Inc. now owns 111,015 shares of the home improvement retailer's stock worth $31,583,000 after purchasing an additional 3,854 shares during the period. Finally, StoneX Group Inc. raised its holdings in shares of Home Depot by 21.5% in the 3rd quarter. StoneX Group Inc. now owns 21,304 shares of the home improvement retailer's stock worth $6,132,000 after purchasing an additional 3,769 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Jefferies Financial Group reaffirmed a "buy" rating and issued a $398.00 price objective on shares of Home Depot in a research note on Tuesday, August 18th. Royal Bank Of Canada dropped 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 report on Wednesday, August 19th. Wells Fargo & Company raised their price target on shares of Home Depot from $360.00 to $400.00 and gave the company an "overweight" rating in a report on Tuesday, August 11th. Mizuho raised their price target on shares of Home Depot from $385.00 to $390.00 and gave the company an "outperform" rating in a report on Wednesday, August 19th. Finally, Guggenheim reaffirmed a "buy" rating and set a $425.00 price target on shares of Home Depot in a research report on Wednesday, August 19th. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and an average target price of $375.31.

Home Depot Trading Up 0.0%

NYSE:HD opened at $343.48 on Monday. The business's 50-day moving average is $309.42 and its two-hundred day moving average is $334.08. The firm has a market capitalization of $342.69 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 2.44 and a beta of 0.93. The Home Depot, Inc. has a 12 month low of $277.15 and a 12 month high of $397.63. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31.

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 for the quarter, topping the consensus estimate of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. 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 prior year, the business earned $4.68 earnings per share. The company's revenue was up 5.7% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were given a dividend of $2.33 per share. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $9.32 annualized dividend and a yield of 2.7%. Home Depot's payout ratio is 65.22%.

Insider Buying and Selling

In other Home Depot news, EVP Michael Rowe sold 710 shares of the company's stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total value of $239,099.60. Following the completion of the transaction, the executive vice president owned 6,838 shares in the company, valued at $2,302,764.88. This represents a 9.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Kimberly Scardino sold 675 shares of the stock in a transaction that occurred 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 $2,505,424.55. This trade represents a 7.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 9,829 shares of company stock valued at $3,339,314. Insiders own 0.08% of the company's stock.

Home Depot Profile

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and other businesses. The company sells building materials, tools, hardware, appliances, paint, flooring, and products for home maintenance, repair and renovation, as well as lawn and garden supplies.

In addition to its retail stores and online channels, Home Depot offers services such as product delivery, equipment rental and home improvement installation. The company was founded in 1978 and is headquartered in Atlanta, Georgia.

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