OVERSEA CHINESE BANKING Corp Ltd Purchases New Position in The Home Depot, Inc. $HD

Key Points

• OVERSEA CHINESE BANKING Corp Ltd acquired 11,834 Home Depot shares worth approximately $4.17 million during the second quarter. Several other institutions also opened positions, with institutional investors collectively owning 70.86% of the company.
• Home Depot reported second-quarter adjusted earnings of $4.92 per share and revenue of $47.86 billion, exceeding analyst expectations; revenue increased 5.7% year over year. The company also declared a quarterly dividend of $2.33 per share, equivalent to a 2.8% annualized yield.
• Analysts maintain a Moderate Buy consensus rating with an average price target of $375.54, while the stock recently opened at $328.80. Insider selling—including transactions by executives Michael Rowe and Richard McPhail—provided a modest counterpoint to the bullish outlook.

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,834 shares of the home improvement retailer's stock, valued at approximately $4,169,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. August Group Capital Ltd bought a new stake in shares of Home Depot in the 2nd quarter worth about $282,000. E Fund Management Co. Ltd. bought a new stake in Home Depot during the second quarter worth about $3,915,000. Pasadena Private Wealth LLC acquired a new stake in shares of Home Depot during the second quarter worth approximately $217,000. Notis McConarty Edward acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $3,655,000. Finally, Asahi Life Asset Management CO. LTD. acquired a new stake in Home Depot during the 2nd quarter valued at $2,925,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Key Home Depot News

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

• Positive Sentiment: Home Depot expanded its Magic Apron AI assistant to all U.S. stores. The tool provides localized product information, project guidance and store navigation through text, voice, images and multiple languages. With millions of questions handled monthly, the rollout could improve customer service, associate productivity and sales conversion. The Home Depot Expands Magic Apron to Deliver Personalized and Localized In-Store Guidance
• Positive Sentiment: Recent analysis argues that Home Depot is showing its clearest turnaround signal in roughly two years. Analysts remain generally constructive, while the company’s recent quarterly results showed revenue growth and earnings above expectations, potentially positioning HD to benefit disproportionately when housing and remodeling demand recover. Prediction: Home Depot’s Turnaround Could Be Bigger Than Investors Expect
• Positive Sentiment: A comparison with Lowe’s suggests Home Depot may be the stronger housing-recovery play, with its scale, professional-customer exposure and strategic execution differentiating it in a frozen housing market. Home Depot vs. Lowe’s: One Housing Recovery Play Stands Out
• Neutral Sentiment: Home Depot beat second-quarter estimates, but coverage highlights a $685 million tariff refund. Because the refund may be a one-time benefit rather than recurring operating improvement, investors may be discounting part of the earnings upside. Home Depot Beat Q2 Estimates. What Did the $685M Tariff Refund Change?
• Negative Sentiment: Executive Vice President Michael F. Rowe sold 710 shares worth approximately $239,100, reducing his direct holdings by 9.4%. The transaction is relatively small and may be routine, but insider selling can add modest sentiment pressure. SEC Insider Transaction Filing

Insider Transactions at Home Depot

In other news, EVP Michael F. Rowe sold 710 shares of the firm's stock in a transaction that occurred on Wednesday, August 26th. The shares were 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 of the company's stock, valued at $2,302,764.88. This trade represents a 9.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $2,086,567.60. Following the completion of the sale, the chief financial officer directly owned 48,104 shares in the company, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their position. The SEC filing for this sale provides additional information. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HD shares. Argus restated a "buy" rating and issued a $400.00 target price on shares of Home Depot in a research note on Wednesday, August 19th. Stifel Nicolaus boosted their target price on shares of Home Depot from $320.00 to $340.00 and gave the stock a "hold" rating in a research note on Monday, August 17th. HSBC decreased their price target on shares of Home Depot from $392.00 to $310.00 and set a "hold" rating on the stock in a research note on Wednesday, May 20th. Mizuho upped their price objective on Home Depot from $385.00 to $390.00 and gave the stock an "outperform" rating in a report on Wednesday, August 19th. Finally, The Goldman Sachs Group dropped their target price on Home Depot from $409.00 to $390.00 and set a "buy" rating for the company in a research report on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $375.54.

Home Depot Stock Down 1.8%

Shares of Home Depot stock opened at $328.80 on Friday. The business has a fifty day simple moving average of $341.07 and a 200 day simple moving average of $338.82. The stock has a market cap of $328.04 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 3.69 and a beta of 0.95. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, beating the consensus estimate of $4.73 by $0.19. The firm had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The company's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts predict that The Home Depot, Inc. will post 14.99 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be given a dividend of $2.33 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. Home Depot's dividend payout ratio is currently 65.22%.

Home Depot Company 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.

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source