NBT Bank N.A. Makes New $3.92 Million Investment in The Home Depot, Inc. $HD

Key Points

• NBT Bank purchased 13,771 Home Depot shares during the third quarter, establishing a new position valued at approximately $3.92 million. Institutional investors collectively own 70.86% of the company.
• Analysts maintain a generally positive outlook, with Home Depot receiving an average “Moderate Buy” rating and a consensus price target of $375.93; individual targets range as high as $425.
• Home Depot exceeded quarterly earnings and revenue expectations, while maintaining a quarterly dividend of $2.33 per share, or $9.32 annually. Insiders sold 9,829 shares worth approximately $3.34 million over the past 90 days.

NBT Bank N.A. purchased a new position in The Home Depot, Inc. (NYSE:HD - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,771 shares of the home improvement retailer's stock, valued at approximately $3,918,000.

Several other large investors have also added to or reduced their stakes in HD. Zeit Capital LLC bought a new position in Home Depot in the 2nd quarter worth $26,000. Cache Advisors LLC purchased a new stake in shares of Home Depot in the 1st quarter worth about $27,000. Merkkuri Wealth Advisors LLC purchased a new stake in shares of Home Depot in the 1st quarter worth about $28,000. Principia Wealth Advisory LLC lifted its position in shares of Home Depot by 60.4% in the 2nd quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer's stock worth $30,000 after purchasing an additional 32 shares during the period. Finally, Networth Advisors LLC lifted its position in shares of Home Depot by 54.1% in the 1st quarter. Networth Advisors LLC now owns 94 shares of the home improvement retailer's stock worth $31,000 after purchasing an additional 33 shares during the period. Institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

HD has been the topic of several research analyst reports. Stifel Nicolaus boosted their price target on shares of Home Depot from $320.00 to $340.00 and gave the company a "hold" rating in a research report on Monday, August 17th. Royal Bank Of Canada decreased 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 research note on Wednesday, August 19th. UBS Group restated a "buy" rating on shares of Home Depot in a report on Thursday, September 17th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Home Depot in a research report on Friday, October 2nd. Finally, Guggenheim reaffirmed a "buy" rating and set a $425.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $375.93.

Home Depot Trading Up 4.3%

Shares of NYSE HD opened at $327.63 on Friday. The Home Depot, Inc. has a 1 year low of $277.15 and a 1 year 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. The firm has a 50-day moving average of $310.06 and a 200 day moving average of $323.91. The stock has a market cap of $326.87 billion, a P/E ratio of 22.93, a price-to-earnings-growth ratio of 2.23 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data 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. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The business had revenue of $47.86 billion for the quarter, compared to analysts' expectations of $47.24 billion. During the same quarter in the prior year, the company earned $4.68 earnings per share. The business'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. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

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

Insider Buying and Selling

In other news, EVP Michael F. Rowe sold 710 shares of the firm'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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Roseborough sold 2,455 shares of Home Depot stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $328.77, for a total value of $807,130.35. Following the completion of the transaction, the executive vice president directly owned 14,061 shares of the company's stock, valued at approximately $4,622,834.97. This represents a 14.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 9,829 shares of company stock valued at $3,339,314. 0.08% of the stock is owned by insiders.

Trending Headlines about 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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