The Home Depot, Inc. $HD Shares Sold by SVB Wealth LLC

Key Points

• SVB Wealth reduced its Home Depot stake by 11.9% in the second quarter, selling 4,205 shares and retaining 31,207 shares valued at approximately $11.0 million. Institutional investors collectively own 70.86% of the company.
• Home Depot reported quarterly EPS of $4.92, exceeding estimates of $4.73, while revenue rose 5.7% year over year to $47.86 billion. The company issued FY 2026 EPS guidance of $14.69–$15.28.
• The company declared a quarterly dividend of $2.33 per share, equivalent to $9.32 annually and a 3.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $375.18, despite recent target reductions and insider stock sales.

SVB Wealth LLC lessened its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 11.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,207 shares of the home improvement retailer's stock after selling 4,205 shares during the quarter. SVB Wealth LLC's holdings in Home Depot were worth $11,006,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HD. Advocate Investing Services LLC purchased a new position in shares of Home Depot during the fourth quarter worth approximately $25,000. Zeit Capital LLC purchased a new stake in Home Depot in the 2nd quarter valued at $26,000. Parvin Asset Management LLC boosted its stake in Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock worth $26,000 after purchasing an additional 33 shares during the period. Cache Advisors LLC acquired a new stake in Home Depot during the 1st quarter worth $27,000. Finally, Merkkuri Wealth Advisors LLC purchased a new position in Home Depot during the 1st quarter worth $28,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Roseborough sold 2,455 shares of the business'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 transaction, the executive vice president owned 14,061 shares in the company, valued at approximately $4,622,834.97. The trade was a 14.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michael Rowe sold 710 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total value of $239,099.60. Following the transaction, the executive vice president directly owned 6,838 shares of the company's stock, valued at approximately $2,302,764.88. This trade represents a 9.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 9,154 shares of company stock worth $3,132,798. Company insiders own 0.08% of the company's stock.

Home Depot Stock Down 0.9%

HD stock opened at $310.74 on Thursday. The stock has a market capitalization of $310.02 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 3.45 and a beta of 0.95. The company has a fifty day moving average of $337.16 and a 200-day moving average of $334.61. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75.

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 (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 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 was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15 EPS for the current year.

Home Depot Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, September 3rd. Home Depot's payout ratio is currently 65.22%.

Analyst Upgrades and Downgrades

HD has been the topic of a number of recent research reports. BNP Paribas Exane dropped their price objective on shares of Home Depot from $348.00 to $325.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 19th. Wolfe Research lowered Home Depot from an "outperform" rating to a "peer perform" rating in a report on Tuesday, June 23rd. Robert W. Baird dropped their price target on Home Depot from $430.00 to $380.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 20th. TD Cowen restated a "buy" rating on shares of Home Depot in a research report on Monday, August 10th. Finally, Stifel Nicolaus upped their price objective on Home Depot from $320.00 to $340.00 and gave the company a "hold" rating in a research note on Monday, August 17th. Eighteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Home Depot presently has a consensus rating of "Moderate Buy" and an average target price of $375.18.

About Home Depot

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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