The Home Depot, Inc. $HD Stock: Hohimer Wealth Management LLC Grows Holdings

Hohimer Wealth Management LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 62.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,651 shares of the home improvement retailer’s stock after purchasing an additional 9,895 shares during the period. Hohimer Wealth Management LLC’s holdings in Home Depot were worth $7,298,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Home Depot during the 2nd quarter worth approximately $28,771,247,000. State Street Corp raised its holdings in shares of Home Depot by 1.1% during the second 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 last quarter. Bank of America Corp DE acquired a new position in shares of Home Depot during the second quarter valued at approximately $5,780,468,000. Bank of New York Mellon Corp acquired a new position in shares of Home Depot during the second quarter valued at approximately $2,777,396,000. Finally, Corient Private Wealth LP purchased a new position in shares of Home Depot in the second quarter valued at approximately $390,913,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Up 0.0%

HD opened at $343.48 on Monday. 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 company’s 50 day simple moving average is $309.42 and its two-hundred day simple moving average is $334.08. The Home Depot, Inc. has a 1-year low of $277.15 and a 1-year high of $397.63. The firm has a market capitalization of $342.69 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 2.44 and a beta of 0.93.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, topping the consensus estimate of $4.73 by $0.19. The business had revenue of $47.86 billion for the quarter, compared to analysts’ expectations of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. 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 research note on Monday, October 26th. Argus reiterated a “buy” rating and set a $400.00 price target on shares of Home Depot in a research report on Wednesday, August 19th. Sanford C. Bernstein reduced their price objective on Home Depot from $354.00 to $344.00 and set a “market perform” rating for the company in a research note on Wednesday, September 9th. TD Cowen restated a “buy” rating on shares of Home Depot in a report on Monday, August 10th. Finally, DA Davidson restated a “buy” rating and issued a $377.00 price objective on shares of Home Depot 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 assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $375.31.

Insider Buying and Selling

In other Home Depot news, CFO Richard McPhail sold 5,989 shares of the business’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 transaction, the chief financial officer 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Kimberly Scardino sold 675 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $305.95, for a total value of $206,516.25. Following the completion of the sale, the chief accounting officer owned 8,189 shares of the company’s stock, valued at approximately $2,505,424.55. The trade was a 7.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 9,829 shares of company stock worth $3,339,314. 0.08% of the stock is owned by corporate insiders.

Home Depot 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.