The Home Depot, Inc. $HD Shares Acquired by Glenview Trust Co

Key Points

• Glenview Trust Co. increased its Home Depot stake by 28.8% in the third quarter, adding 22,045 shares for a total holding of 98,517 shares valued at approximately $28.0 million. Institutional investors own 70.86% of HD.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $375.31. Recent targets range from $342 to $400.
• Home Depot reported quarterly earnings and revenue above expectations, while sales grew 5.7% year over year. The company also pays a $2.33 quarterly dividend, equal to a 2.8% yield, though high interest rates and weaker housing activity remain near-term risks.

Glenview Trust Co boosted its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 28.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 98,517 shares of the home improvement retailer's stock after buying an additional 22,045 shares during the quarter. Glenview Trust Co's holdings in Home Depot were worth $28,027,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of HD. Renaissance Investment Group LLC grew its stake in shares of Home Depot by 0.9% in the 3rd quarter. Renaissance Investment Group LLC now owns 38,976 shares of the home improvement retailer's stock worth $11,088,000 after acquiring an additional 346 shares in the last quarter. Auour Investments LLC bought a new position in shares of Home Depot during the third quarter valued at about $239,000. Parcion Private Wealth LLC lifted its position in shares of Home Depot by 5.7% during the third quarter. Parcion Private Wealth LLC now owns 18,893 shares of the home improvement retailer's stock valued at $5,375,000 after purchasing an additional 1,017 shares in the last quarter. Partners Wealth Management LLC lifted its position in shares of Home Depot by 266.2% during the third quarter. Partners Wealth Management LLC now owns 2,981 shares of the home improvement retailer's stock valued at $848,000 after purchasing an additional 2,167 shares in the last quarter. Finally, Soltis Investment Advisors LLC lifted its position in shares of Home Depot by 31.8% during the third quarter. Soltis Investment Advisors LLC now owns 7,670 shares of the home improvement retailer's stock valued at $2,182,000 after purchasing an additional 1,851 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on HD. DA Davidson reaffirmed a "buy" rating and issued a $377.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. Royal Bank Of Canada decreased their price objective 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. Truist Financial lifted their target price on shares of Home Depot from $369.00 to $373.00 and gave the stock a "buy" rating in a research report on Wednesday, August 19th. KeyCorp restated a "sector weight" rating on shares of Home Depot in a research note on Wednesday, August 19th. Finally, Wells Fargo & Company boosted their target price on Home Depot from $360.00 to $400.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $375.31.

Trending Headlines about Home Depot

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

• Positive Sentiment: Steady demand for smaller home-improvement projects and continued digital gains are helping sustain Home Depot’s sales growth despite pressure on larger renovations. This suggests consumers are still spending on maintenance and affordable upgrades. Are Smaller Home Projects Sustaining Home Depot's Sales Growth?
• Positive Sentiment: One analysis identifies HD as a potential long-term stock, supporting the bullish case based on the company’s scale, established brand, cash generation, and ability to benefit when housing and renovation activity recover. Why Home Depot Is a Top Stock for the Long-Term
• Positive Sentiment: Coverage of dividend-focused blue-chip investments highlights Home Depot’s long history of returning cash to shareholders. Its dividend may appeal to investors seeking income while waiting for a broader housing and remodeling recovery. $300,000 in Home Depot, IBM and McDonald's Could Pay Over $8,500 a Year
• Neutral Sentiment: A comparison with Somnigroup International asks whether SGI or HD offers better value. The article is primarily a relative-valuation discussion rather than a new company-specific catalyst, so its effect on HD is likely limited. SGI vs. HD: Which Stock Is the Better Value Option?
• Negative Sentiment: Another analysis argues that HD’s valuation may be demanding after its roughly 20% three-year gain, raising concern that the share price could already reflect much of the expected future cash flow. Home Depot Stock Looks Overvalued After Its Three-Year Run
• Negative Sentiment: Commentary on a delayed macroeconomic recovery presents HD as a potential dip-buying opportunity, but also signals that high interest rates, weaker housing activity, and postponed major renovations may continue to restrain near-term results. Home Depot: Delayed Macro Recovery Triggers Dip Buying Opportunity and Richer Yields

Home Depot Trading Up 0.1%

NYSE HD opened at $329.31 on Friday. The stock has a market capitalization of $328.55 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 2.34 and a beta of 1.00. The Home Depot, Inc. has a one year low of $277.15 and a one 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 business's fifty day moving average is $308.45 and its 200-day moving average is $334.91.

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 for the quarter, topping analysts' consensus estimates of $4.73 by $0.19. The company had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

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

Insider Activity at Home Depot

In other news, CFO Richard V. Mcphail sold 5,989 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the completion of the transaction, the chief financial officer directly owned 48,104 shares of the company's stock, valued at $16,759,433.60. This represents a 11.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Roseborough sold 2,455 shares of the firm's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $328.77, for a total transaction of $807,130.35. Following the sale, the executive vice president owned 14,061 shares of the company's stock, valued at approximately $4,622,834.97. The trade was a 14.86% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 9,829 shares of company stock worth $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 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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