7,379 Shares of The Home Depot, Inc. $HD Purchased by XML Financial LLC

XML Financial LLC bought a new position in The Home Depot, Inc. (NYSE:HD) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,379 shares of the home improvement retailer’s stock, valued at approximately $2,099,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Summit Wealth Group LLC Co. grew its holdings in Home Depot by 10.6% during the 3rd quarter. Summit Wealth Group LLC Co. now owns 3,130 shares of the home improvement retailer’s stock valued at $891,000 after buying an additional 299 shares in the last quarter. Kuhn & Co Investment Counsel increased its stake in Home Depot by 5.2% in the 3rd quarter. Kuhn & Co Investment Counsel now owns 785 shares of the home improvement retailer’s stock worth $223,000 after acquiring an additional 39 shares during the last quarter. Landaas & Co. WI ADV increased its stake in Home Depot by 59.1% in the 3rd quarter. Landaas & Co. WI ADV now owns 1,395 shares of the home improvement retailer’s stock worth $397,000 after acquiring an additional 518 shares during the last quarter. TSG Advice Partners LLC bought a new stake in Home Depot in the 3rd quarter worth approximately $951,000. Finally, Welch Group LLC raised its holdings in shares of Home Depot by 2.8% during the 3rd quarter. Welch Group LLC now owns 205,961 shares of the home improvement retailer’s stock worth $58,594,000 after acquiring an additional 5,552 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Melius Research set a $397.00 target price on Home Depot in a research report on Tuesday, October 6th. Royal Bank Of Canada lowered their price objective on shares of Home Depot from $343.00 to $342.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 19th. Stifel Nicolaus dropped their price objective on shares of Home Depot from $346.00 to $322.00 and set a “hold” rating for the company in a research note on Monday, October 26th. Argus restated a “buy” rating and issued a $400.00 target price on shares of Home Depot in a report on Wednesday, August 19th. Finally, Mizuho boosted their target price on shares of Home Depot from $385.00 to $390.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.31.

Home Depot Trading Up 3.6%

Shares of NYSE HD opened at $341.17 on Tuesday. 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 business’s 50 day moving average price is $308.56 and its 200-day moving average price is $334.72. The Home Depot, Inc. has a fifty-two week low of $277.15 and a fifty-two week high of $397.63. The company has a market cap of $340.38 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 2.26 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The company had revenue of $47.86 billion during the quarter, compared to analysts’ expectations of $47.24 billion. During the same quarter in the previous year, the business earned $4.68 EPS. Home Depot’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. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The firm 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. This represents a $9.32 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is 65.22%.

Insiders Place Their Bets

In other news, CFO Richard McPhail sold 5,989 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total transaction 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. The trade was a 11.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Kimberly Scardino sold 675 shares of the business’s 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 sale, the chief accounting officer directly owned 8,189 shares of the company’s stock, valued at $2,505,424.55. This represents a 7.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,829 shares of company stock valued at $3,339,314 in the last three months. 0.08% of the stock is owned by company insiders.

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.