Pavion Blue Capital LLC Buys Shares of 5,178 The Home Depot, Inc. $HD

Pavion Blue Capital LLC bought a new stake in The Home Depot, Inc. (NYSE:HD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,178 shares of the home improvement retailer’s stock, valued at approximately $1,826,000.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Home Depot in the second quarter valued at about $28,771,247,000. Norges Bank purchased a new position in shares of Home Depot during the 4th quarter worth approximately $4,850,329,000. Bank of New York Mellon Corp acquired a new stake in shares of Home Depot in the 2nd quarter valued at approximately $2,777,396,000. Wellington Management Group LLP lifted its holdings in shares of Home Depot by 60.8% in the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock valued at $4,109,878,000 after buying an additional 3,836,051 shares during the period. Finally, Cardano Risk Management B.V. boosted its stake in shares of Home Depot by 901.5% in the fourth quarter. Cardano Risk Management B.V. now owns 3,290,540 shares of the home improvement retailer’s stock valued at $1,132,275,000 after buying an additional 2,961,979 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on HD. Evercore cut their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. BNP Paribas Exane reduced their price objective on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a research note on Tuesday, May 19th. UBS Group lowered their target price on shares of Home Depot from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Wednesday, August 19th. Weiss Ratings upgraded shares of Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 7th. Finally, Citigroup lowered their price target on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Eighteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $375.54.

Insider Activity

In other news, CFO Richard V. Mcphail sold 5,989 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the sale, the chief financial officer owned 48,104 shares in the company, valued at $16,759,433.60. This trade represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is owned by company insiders.

Home Depot Stock Up 0.6%

Shares of NYSE:HD opened at $337.54 on Tuesday. 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 $336.56 billion, a P/E ratio of 23.62, a P/E/G ratio of 3.70 and a beta of 0.95. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The stock’s fifty day simple moving average is $341.02 and its 200-day simple moving average is $339.89.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, beating the consensus estimate of $4.73 by $0.19. The firm had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. 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. As a group, equities research analysts forecast that The Home Depot, Inc. will post 14.99 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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 paid 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 is Thursday, September 3rd. Home Depot’s dividend payout ratio is currently 65.22%.

About Home Depot

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.