The Home Depot, Inc. $HD Holdings Trimmed by Talbot Financial LLC

Key Points

• Talbot Financial reduced its Home Depot stake by 12.8% in the third quarter, selling 6,679 shares and retaining 45,519 shares valued at approximately $12.95 million. Institutional investors collectively own 70.86% of the company.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $375.93, despite some downgrades and hold ratings.
• Home Depot reported quarterly earnings and revenue above expectations, while maintaining a $2.33 quarterly dividend, equivalent to a 3.0% annualized yield.

Talbot Financial LLC trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 12.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,519 shares of the home improvement retailer's stock after selling 6,679 shares during the quarter. Talbot Financial LLC's holdings in Home Depot were worth $12,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Home Depot in the second quarter worth approximately $28,771,247,000. State Street Corp raised its holdings in Home Depot by 1.1% during the 2nd quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer's stock valued at $16,637,688,000 after buying an additional 499,168 shares during the last quarter. Bank of America Corp DE bought a new stake in Home Depot during the 2nd quarter valued at $5,780,468,000. Bank of New York Mellon Corp bought a new stake in Home Depot during the 2nd quarter valued at $2,777,396,000. Finally, Amundi boosted its position in Home Depot by 26.4% during the 2nd quarter. Amundi now owns 7,339,614 shares of the home improvement retailer's stock valued at $2,588,535,000 after buying an additional 1,533,276 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Roseborough sold 2,455 shares of the firm's stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $328.77, for a total value of $807,130.35. Following the completion of the sale, the executive vice president directly owned 14,061 shares in the company, valued at $4,622,834.97. This trade represents a 14.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Richard V. Mcphail sold 5,989 shares of Home Depot stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 48,104 shares in the company, valued at approximately $16,759,433.60. The trade was a 11.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 9,829 shares of company stock worth $3,339,314 over the last ninety days. Corporate insiders own 0.08% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HD shares. Weiss Ratings reissued a "hold (c)" rating on shares of Home Depot in a report on Friday, October 2nd. Jefferies Financial Group restated a "buy" rating and issued a $398.00 price objective on shares of Home Depot in a research report on Tuesday, August 18th. Wolfe Research downgraded shares of Home Depot from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, June 23rd. Stifel Nicolaus increased their target price on shares of Home Depot from $320.00 to $340.00 and gave the stock a "hold" rating in a report on Monday, August 17th. Finally, TD Cowen reiterated a "buy" rating on shares of Home Depot in a report on Monday, August 10th. One equities 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $375.93.

Home Depot Trading Down 0.0%

HD stock traded down $0.03 on Monday, reaching $309.60. The company's stock had a trading volume of 1,567,716 shares, compared to its average volume of 4,470,995. The business has a fifty day simple moving average of $312.52 and a two-hundred day simple moving average of $324.17. The Home Depot, Inc. has a 12-month low of $277.15 and a 12-month high of $397.63. The firm has a market cap of $308.89 billion, a PE ratio of 21.67, a PEG ratio of 2.20 and a beta of 1.00. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly 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. 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 previous year, the business posted $4.68 earnings per share. The firm's revenue for the quarter 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, research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were paid a dividend of $2.33 per share. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.0%. Home Depot's payout ratio is presently 65.22%.

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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