The Home Depot, Inc. $HD Stock: Aware Super Pty Ltd as trustee of Aware Super Cuts Stake

Key Points

• Aware Super cut its Home Depot stake by 33.8% in the third quarter, selling 6,721 shares and ending the period with 13,137 shares valued at $3.74 million.
• Home Depot reported quarterly EPS of $4.92, above the $4.73 consensus, while revenue rose 5.7% year over year to $47.86 billion.
• The company’s quarterly dividend was $2.33 per share, equivalent to a 2.8% annualized yield; analysts’ consensus rating was “Moderate Buy,” with an average price target of $375.31.

Aware Super Pty Ltd as trustee of Aware Super lessened its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 33.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,137 shares of the home improvement retailer's stock after selling 6,721 shares during the quarter. Aware Super Pty Ltd as trustee of Aware Super's holdings in Home Depot were worth $3,737,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HD. Bank of Nova Scotia purchased a new position in shares of Home Depot during the 2nd quarter valued at $118,723,000. AFT Forsyth & Company Inc. bought a new position in shares of Home Depot in the second quarter worth $1,896,000. Field & Main Bank purchased a new stake in shares of Home Depot in the second quarter worth $6,286,000. State Street Corp raised its position in shares of Home Depot by 1.1% in the second quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer's stock worth $16,637,688,000 after buying an additional 499,168 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of Home Depot by 9.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 49,096 shares of the home improvement retailer's stock worth $17,315,000 after buying an additional 4,292 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Down 2.2%

NYSE HD opened at $333.49 on Wednesday. The stock's 50-day simple moving average is $308.48 and its two-hundred day simple moving average is $334.51. The Home Depot, Inc. has a twelve month low of $277.15 and a twelve month high of $397.63. 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 company has a market capitalization of $332.72 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 2.43 and a beta of 0.93.

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 the consensus estimate of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The firm had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same quarter in the previous year, the company posted $4.68 earnings per share. The company's revenue was up 5.7% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were issued a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot's dividend payout ratio (DPR) is currently 65.22%.

Insider Transactions at Home Depot

In related news, EVP Michael Rowe sold 710 shares of the business's 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 completion of the sale, the executive vice president owned 6,838 shares in the company, valued at $2,302,764.88. The trade was a 9.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Richard McPhail sold 5,989 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total value of $2,086,567.60. Following the completion of the sale, the chief financial officer directly owned 48,104 shares of the company's stock, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their position. 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 owned by corporate insiders.

Key Home Depot News

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

• Positive Sentiment: Home Depot recently beat earnings expectations, supporting optimism about its ability to deliver results even in a challenging housing environment. Home Depot Stock Could Be Poised for a Turnaround
• Positive Sentiment: Coverage highlights Home Depot’s 17 consecutive years of dividend increases and its scale, which may help it remain resilient and sustain shareholder returns through a weak housing cycle. Home Depot Has Raised Its Dividend 17 Straight Years
• Neutral Sentiment: Analyst-oriented coverage says Home Depot has a record of earnings surprises and may be positioned to beat estimates again; this is a forecast, not a reported result. The company will hold its third-quarter earnings call on November 17. Will Home Depot Beat Estimates Again? Third Quarter Earnings Call Announcement
• Negative Sentiment: The stock’s weakness amid a broader-market uptick suggests investors remain cautious. Recent commentary cites a historically sluggish housing market and shares being down for the year as factors that could weigh on expectations for renovation-related spending. Home Depot Stock Falls Amid Market Uptick

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HD. Weiss Ratings reissued a "hold (c)" rating on shares of Home Depot in a research note on Friday, October 2nd. Guggenheim restated a "buy" rating and issued a $425.00 target price on shares of Home Depot in a research note on Wednesday, August 19th. Wells Fargo & Company raised their price target on Home Depot from $360.00 to $400.00 and gave the company an "overweight" rating in a report on Tuesday, August 11th. Mizuho lifted their price target on Home Depot from $385.00 to $390.00 and gave the company an "outperform" rating in a research report on Wednesday, August 19th. Finally, Royal Bank Of Canada cut their price objective on Home Depot from $343.00 to $342.00 and set a "sector perform" rating for the company in a report on Wednesday, August 19th. One 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 stock. Based on data from MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and a consensus target price of $375.31.

About Home Depot

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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