The Home Depot, Inc. $HD Stock Sold by King Luther Capital Management Corp

King Luther Capital Management Corp reduced its stake in The Home Depot, Inc. (NYSE:HD) by 3.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,108,816 shares of the home improvement retailer’s stock after selling 45,275 shares during the period. Home Depot makes up 1.3% of King Luther Capital Management Corp’s portfolio, making the stock its 13th biggest position. King Luther Capital Management Corp owned approximately 0.11% of Home Depot worth $315,447,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Zeit Capital LLC purchased a new stake in Home Depot during the 2nd quarter valued at $26,000. Next Level Wealth Planning LLC bought a new position in shares of Home Depot during the third quarter valued at $28,000. Principia Wealth Advisory LLC lifted its stake in Home Depot by 60.4% during the 2nd quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 32 shares during the period. Navigoe LLC purchased a new stake in Home Depot in the second quarter worth approximately $32,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Home Depot in the 3rd quarter worth $32,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Top Home Depot Stories

Here are a few of the latest stories about HD:

• Positive Sentiment: Bank of America Securities maintained its Buy rating on HD, signaling continued confidence in the shares. Bank of America Securities Sticks to Their Buy Rating for Home Depot
• Negative Sentiment: Elevated mortgage rates, sluggish housing activity and weak customer transactions cloud the sales outlook; an earnings analysis argues transactions need to turn positive to sustain the investment case. Comparable-sales outlook Home Depot: Hold Into Q3 Earnings, Transactions Must Turn Positive
• Negative Sentiment: HD is facing technical pressure ahead of earnings, which could weigh on the shares in the near term, particularly if results or guidance disappoint. Home Depot Stock Running into Technical Pressure Before Earnings

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Roseborough sold 2,455 shares of Home Depot stock in a transaction on Friday, August 28th. The stock was sold at an average price of $328.77, for a total value of $807,130.35. Following the transaction, the executive vice president directly owned 14,061 shares in the company, valued at approximately $4,622,834.97. This trade represents a 14.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Kimberly R. Scardino sold 675 shares of Home Depot stock in a transaction dated 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 transaction, the chief accounting officer owned 8,189 shares in the company, valued at $2,505,424.55. This trade represents a 7.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,829 shares of company stock valued at $3,339,314 in the last 90 days. Insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the subject of several recent research reports. DA Davidson restated a “buy” rating and set a $377.00 target price on shares of Home Depot in a research report on Wednesday, August 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Home Depot in a research note on Friday, October 2nd. JPMorgan Chase & Co. boosted their price target on Home Depot from $396.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday. KeyCorp restated a “sector weight” rating on shares of Home Depot in a research note on Wednesday, August 19th. Finally, Truist Financial raised their price objective on Home Depot from $369.00 to $373.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $375.90.

Home Depot Trading Up 0.1%

Shares of NYSE HD opened at $351.36 on Thursday. 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 $350.55 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 2.50 and a beta of 0.93. The business’s 50 day moving average price is $310.98 and its 200-day moving average price is $333.61. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08.

Home Depot (NYSE:HD) last issued its earnings results 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. The firm had revenue of $47.86 billion during 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% on a year-over-year basis. During the same period in the previous year, the firm earned $4.68 earnings per share. 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 company also recently declared 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. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. Home Depot’s dividend payout ratio is presently 65.22%.

About Home Depot

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.