The Home Depot, Inc. $HD Shares Bought by Bank Julius Baer & Co. Ltd Zurich

Key Points

• Institutional ownership increased: Bank Julius Baer & Co. Zurich raised its Home Depot stake by 7.1% to 127,957 shares valued at $36.4 million, while other funds also added positions. Institutional investors collectively own 70.86% of the company.
• Insiders have been selling: Home Depot executives sold 9,829 shares worth approximately $3.34 million over the past 90 days, leaving corporate insiders with only 0.08% ownership.
• Fundamentals and analyst sentiment remain positive: The company exceeded quarterly EPS and revenue estimates, with sales up 5.7% year over year. Analysts maintain a “Moderate Buy” consensus and an average price target of $375.31 versus the reported share price of $341.17.

Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 7.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 127,957 shares of the home improvement retailer's stock after acquiring an additional 8,471 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in Home Depot were worth $36,422,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Virtue Capital Management LLC raised its position in shares of Home Depot by 21.1% during the 3rd quarter. Virtue Capital Management LLC now owns 5,804 shares of the home improvement retailer's stock valued at $1,651,000 after purchasing an additional 1,013 shares during the period. Hubbell Strickland Wealth Management LLC purchased a new stake in Home Depot in the 3rd quarter worth $361,000. Austin Asset Management Co Inc increased its stake in Home Depot by 3.6% in the 3rd quarter. Austin Asset Management Co Inc now owns 970 shares of the home improvement retailer's stock worth $276,000 after buying an additional 34 shares in the last quarter. Columbia Bank raised its holdings in Home Depot by 20.8% during the third quarter. Columbia Bank now owns 6,450 shares of the home improvement retailer's stock valued at $1,835,000 after acquiring an additional 1,109 shares during the period. Finally, Hoey Investments Inc. bought a new stake in Home Depot during the third quarter valued at about $399,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insider Buying and Selling

In other Home Depot news, CAO Kimberly R. Scardino sold 675 shares of Home Depot stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $305.95, for a total transaction of $206,516.25. Following the completion of the transaction, the chief accounting officer directly owned 8,189 shares of the company's stock, valued at $2,505,424.55. The trade was a 7.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael F. Rowe sold 710 shares of Home Depot stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total transaction of $239,099.60. Following the transaction, the executive vice president directly owned 6,838 shares of the company's stock, valued at $2,302,764.88. The trade was a 9.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 9,829 shares of company stock worth $3,339,314. 0.08% of the stock is currently owned by corporate insiders.

Home Depot Price Performance

Shares of Home Depot stock opened at $341.17 on Tuesday. The stock has a 50 day moving average of $308.56 and a 200 day moving average of $334.72. 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 $340.38 billion, a PE ratio of 23.87, a PEG ratio of 2.26 and a beta of 1.00. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The company's revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal 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 given a dividend of $2.33 per share. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $9.32 annualized dividend and a dividend yield of 2.7%. Home Depot's payout ratio is currently 65.22%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Sanford C. Bernstein dropped their price objective 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. Royal Bank Of Canada decreased their target price on Home Depot from $343.00 to $342.00 and set a "sector perform" rating on the stock in a research note on Wednesday, August 19th. Mizuho boosted their price target on Home Depot from $385.00 to $390.00 and gave the stock an "outperform" rating in a report on Wednesday, August 19th. DA Davidson restated a "buy" rating and issued a $377.00 price target on shares of Home Depot in a research note on Wednesday, August 19th. Finally, Melius Research set a $397.00 price target on Home Depot in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $375.31.

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.

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