Secure Asset Management LLC Acquires New Stake in The Home Depot, Inc. $HD

Key Points

• Secure Asset Management LLC acquired 5,676 Home Depot shares in the third quarter, valued at approximately $1.6 million. Institutional investors collectively own 70.86% of the company.
• Analysts maintain a generally positive outlook, with Home Depot carrying a consensus “Moderate Buy” rating and an average price target of $375.93, despite a range of buy, hold and sell ratings.
• Home Depot reported quarterly EPS of $4.92 and revenue of $47.86 billion, beating estimates, while paying a quarterly dividend of $2.33 for a 3.0% annualized yield. Shares opened at $309.86, and frozen housing activity remains a key demand risk.

Secure Asset Management LLC acquired a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,676 shares of the home improvement retailer's stock, valued at approximately $1,615,000.

A number of other institutional investors have also recently made changes to their positions in HD. Zeit Capital LLC acquired a new stake in Home Depot during the 2nd quarter worth approximately $26,000. Cache Advisors LLC acquired a new position in shares of Home Depot in the first quarter worth $27,000. Merkkuri Wealth Advisors LLC acquired a new position in shares of Home Depot in the first quarter worth $28,000. Principia Wealth Advisory LLC grew its stake in shares of Home Depot by 60.4% in the second quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer's stock worth $30,000 after acquiring an additional 32 shares in the last quarter. Finally, Networth Advisors LLC grew its stake in shares of Home Depot by 54.1% in the first quarter. Networth Advisors LLC now owns 94 shares of the home improvement retailer's stock worth $31,000 after acquiring an additional 33 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Analysts Set New Price Targets

HD has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Home Depot in a research report on Friday, October 2nd. KeyCorp reiterated a "sector weight" rating on shares of Home Depot in a report on Wednesday, August 19th. Wells Fargo & Company lifted their target price on Home Depot from $360.00 to $400.00 and gave the company an "overweight" rating in a report on Tuesday, August 11th. Sanford C. Bernstein lowered their target price on Home Depot from $354.00 to $344.00 and set a "market perform" rating for the company in a research note on Wednesday, September 9th. Finally, Truist Financial upped their price target on Home Depot from $369.00 to $373.00 and gave the stock a "buy" rating in a 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 given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $375.93.

Home Depot Stock Up 0.1%

Shares of NYSE:HD opened at $309.86 on Tuesday. The firm's 50 day moving average price is $311.71 and its 200 day moving average price is $324.03. The stock has a market cap of $309.14 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 2.20 and a beta of 1.00. The Home Depot, Inc. has a fifty-two week low of $277.15 and a fifty-two week high of $397.63. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64.

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 research analysts predict 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 3.0%. The ex-dividend date was Thursday, September 3rd. Home Depot's dividend payout ratio (DPR) is presently 65.22%.

Home Depot News Roundup

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

• Positive Sentiment: Analysts highlighted improving growth in recent quarters, supporting the view that Home Depot’s business momentum may be strengthening ahead of earnings. Should You Buy Home Depot Stock Before Nov. 17?
• Positive Sentiment: Home Depot continues to emphasize professional contractors and trade customers, a strategy intended to deepen customer relationships and support larger, more recurring project-related sales. This remains a key differentiator in comparisons with Amazon. Amazon vs. Home Depot: Which Consumer Stock Is a Better Buy in 2026?
• Positive Sentiment: Home Depot’s long-term investment case is receiving support from momentum-focused research, potentially attracting investors seeking a combination of market leadership, operating improvement and shareholder returns. Why Home Depot (HD) is a Top Momentum Stock for the Long-Term
• Neutral Sentiment: Recent commentary suggests management’s priorities have evolved from emphasizing global sourcing and supply-chain diversification toward other strategic initiatives. Investors are looking for clarity on which priorities will drive future growth. What Changed In Home Depot's Story?
• Neutral Sentiment: Home Depot remains attractive to income investors, but comparisons with Lowe’s center on whether investors prefer a higher current yield or potentially faster dividend growth. Home Depot vs. Lowe’s: Higher Yield or Faster Dividend Growth?
• Negative Sentiment: Frozen housing activity remains a risk because limited home transactions can reduce demand for remodeling and other big-ticket projects. Investors may therefore look to the November earnings release for evidence that contractor demand and growth are holding up.

Insider Activity

In related news, EVP Michael F. Rowe sold 710 shares of the business's stock in a transaction 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 owned 6,838 shares in the company, valued at approximately $2,302,764.88. The trade was a 9.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Kimberly R. Scardino sold 675 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $305.95, for a total value of $206,516.25. Following the completion of the transaction, the chief accounting officer directly owned 8,189 shares in the company, valued at $2,505,424.55. This trade represents a 7.62% decrease in their position. The SEC filing for this sale provides additional information. 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.

Home Depot Company Profile

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.

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.