The Home Depot, Inc. $HD Shares Acquired by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC boosted its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 34.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,379 shares of the home improvement retailer's stock after purchasing an additional 24,614 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Home Depot were worth $33,991,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of HD. Parvin Asset Management LLC grew its holdings in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock worth $26,000 after buying an additional 33 shares during the last quarter. Zeit Capital LLC acquired a new position in shares of Home Depot in the second quarter valued at approximately $26,000. Advocate Investing Services LLC purchased a new stake in shares of Home Depot during the fourth quarter worth approximately $25,000. Cache Advisors LLC purchased a new stake in shares of Home Depot during the first quarter worth approximately $27,000. Finally, Imprint Wealth LLC acquired a new stake in shares of Home Depot during the third quarter worth $34,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Trading Down 0.9%

Shares of HD stock opened at $310.74 on Thursday. The stock has a market cap of $310.02 billion, a P/E ratio of 21.75, a P/E/G ratio of 3.45 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 fifty-two week low of $289.10 and a fifty-two week high of $426.75. The business has a fifty day simple moving average of $337.16 and a 200-day simple moving average of $334.61.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping the consensus estimate of $4.73 by $0.19. The business had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. 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. On average, analysts forecast that The Home Depot, Inc. will post 15 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be issued a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, September 3rd. Home Depot's dividend payout ratio is 65.22%.

Wall Street Analyst Weigh In

HD has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price objective 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. Wells Fargo & Company upped their price objective on shares of Home Depot from $360.00 to $400.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. reduced their target price on shares of Home Depot from $423.00 to $396.00 and set an "overweight" rating for the company in a research note on Wednesday, May 20th. Truist Financial lifted their target price on shares of Home Depot from $369.00 to $373.00 and gave the company a "buy" rating in a report on Wednesday, August 19th. Finally, Evercore dropped their price target on shares of Home Depot from $415.00 to $400.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $375.18.

Insider Buying and Selling 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 document filed with the SEC, which is available at this hyperlink. Also, EVP Teresa Roseborough sold 2,455 shares of Home Depot stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $328.77, for a total value of $807,130.35. Following the transaction, the executive vice president owned 14,061 shares of the company's stock, valued at $4,622,834.97. This represents a 14.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,154 shares of company stock valued at $3,132,798 over the last quarter. Corporate insiders own 0.08% of the company's stock.

Home Depot Profile

The Home Depot, Inc is a home improvement retailer that sells building materials, appliances, decor, hardware, tools, paint, lawn and garden products, and related merchandise. The company serves do-it-yourself customers, professional contractors, homebuilders, and other commercial customers through its retail stores and digital platforms.

Home Depot also provides services such as equipment and tool rental, delivery, installation, and project support. Its professional-focused offerings include job-lot quantities, specialized products, credit services, and account support designed for contractors and other trade customers.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, the company is headquartered in Atlanta, Georgia.

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