The Home Depot, Inc. $HD Shares Bought by StoneX Group Inc.

Key Points

• StoneX Group increased its Home Depot stake by 21.5% in the third quarter, adding 3,769 shares to reach 21,304 shares valued at about $6.13 million.
• Analysts have a “Moderate Buy” consensus on the stock, with an average price target of $375.31; ratings include 19 Buy or Strong Buy, 13 Hold, and one Sell.
• Home Depot beat quarterly estimates, reporting EPS of $4.92 versus $4.73 expected and revenue of $47.86 billion, up 5.7% year over year.

StoneX Group Inc. lifted its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 21.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,304 shares of the home improvement retailer's stock after purchasing an additional 3,769 shares during the quarter. StoneX Group Inc.'s holdings in Home Depot were worth $6,132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of Nova Scotia bought a new position in Home Depot in the 2nd quarter worth approximately $118,723,000. AFT Forsyth & Company Inc. acquired a new stake in Home Depot in the 2nd quarter valued at approximately $1,896,000. Field & Main Bank acquired a new stake in Home Depot in the 2nd quarter valued at approximately $6,286,000. State Street Corp increased its position in Home Depot by 1.1% in 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 acquiring an additional 499,168 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its stake in Home Depot by 9.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 49,096 shares of the home improvement retailer's stock valued at $17,315,000 after acquiring an additional 4,292 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on HD shares. DA Davidson reiterated a "buy" rating and set a $377.00 price target on shares of Home Depot in a research report on Wednesday, August 19th. Weiss Ratings reissued a "hold (c)" rating on shares of Home Depot in a research note on Friday, October 2nd. Truist Financial raised their price target on Home Depot from $369.00 to $373.00 and gave the company a "buy" rating in a report on Wednesday, August 19th. Stifel Nicolaus lowered their price target on Home Depot from $346.00 to $322.00 and set a "hold" rating on the stock in a report on Monday, October 26th. Finally, KeyCorp restated a "sector weight" rating on shares of Home Depot in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $375.31.

Insider Transactions at Home Depot

In other news, EVP Michael 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 in the company, valued at approximately $2,302,764.88. This trade represents a 9.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Teresa Roseborough sold 2,455 shares of Home Depot stock in a transaction on Friday, August 28th. The shares were 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 in the company, valued at approximately $4,622,834.97. This trade represents a 14.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 9,829 shares of company stock valued at $3,339,314. Company insiders own 0.08% of the company's stock.

Home Depot Trading Down 1.8%

Home Depot stock opened at $343.48 on Friday. The firm has a 50 day simple moving average of $309.42 and a 200-day simple moving average of $334.08. 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 stock has a market capitalization of $342.69 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 2.44 and a beta of 0.93. The Home Depot, Inc. has a 12-month low of $277.15 and a 12-month high of $397.63.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, beating 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 business had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same quarter last year, the business earned $4.68 earnings per share. The business's revenue for the quarter 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 expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were paid a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot's dividend payout ratio (DPR) is presently 65.22%.

Home Depot Company Profile

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and other businesses. The company sells building materials, tools, hardware, appliances, paint, flooring, and products for home maintenance, repair and renovation, as well as lawn and garden supplies.

In addition to its retail stores and online channels, Home Depot offers services such as product delivery, equipment rental and home improvement installation. The company was founded in 1978 and is headquartered in Atlanta, Georgia.

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