The Home Depot, Inc. $HD Holdings Raised by Waycross Partners LLC

Waycross Partners LLC lifted its stake in The Home Depot, Inc. (NYSE:HD) by 63.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 121,550 shares of the home improvement retailer’s stock after purchasing an additional 47,113 shares during the quarter. Home Depot accounts for approximately 2.7% of Waycross Partners LLC’s investment portfolio, making the stock its 16th largest holding. Waycross Partners LLC’s holdings in Home Depot were worth $34,580,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. LightSquare Wealth Management LLC grew its stake in Home Depot by 4.3% during the third quarter. LightSquare Wealth Management LLC now owns 1,256 shares of the home improvement retailer’s stock worth $357,000 after buying an additional 52 shares in the last quarter. Alps Advisors Inc. increased its holdings in Home Depot by 2.5% in the 3rd quarter. Alps Advisors Inc. now owns 98,406 shares of the home improvement retailer’s stock valued at $27,996,000 after buying an additional 2,356 shares during the period. CenterBook Partners LP acquired a new position in shares of Home Depot in the 3rd quarter valued at approximately $9,258,000. Asset One Wealth Management LLC raised its position in shares of Home Depot by 7.3% in the 3rd quarter. Asset One Wealth Management LLC now owns 17,089 shares of the home improvement retailer’s stock valued at $4,862,000 after buying an additional 1,157 shares in the last quarter. Finally, Allegiance Financial Group Advisory Services LLC raised its position in shares of Home Depot by 11.4% in the 3rd quarter. Allegiance Financial Group Advisory Services LLC now owns 1,751 shares of the home improvement retailer’s stock valued at $498,000 after buying an additional 179 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HD shares. Sanford C. Bernstein cut their price target on shares of Home Depot from $354.00 to $344.00 and set a “market perform” rating for the company in a report on Wednesday, September 9th. Guggenheim reissued a “buy” rating and issued a $425.00 price objective on shares of Home Depot in a research note on Wednesday, August 19th. TD Cowen reissued a “buy” rating on shares of Home Depot in a research note on Monday, August 10th. Truist Financial boosted their price objective on shares of Home Depot from $369.00 to $373.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Finally, UBS Group restated a “buy” rating on shares of Home Depot in a research note on Thursday, September 17th. 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $375.31.

Home Depot Price Performance

Home Depot stock traded down $6.46 during midday trading on Friday, reaching $343.48. The company’s stock had a trading volume of 5,519,119 shares, compared to its average volume of 4,736,680. The Home Depot, Inc. has a 52 week low of $277.15 and a 52 week high of $397.63. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The business has a 50-day moving average price of $309.42 and a 200-day moving average price of $334.08. The stock has a market cap of $342.69 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 2.43 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 EPS for the quarter, topping 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 return on equity of 106.42% and a net margin of 8.41%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter 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 predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $9.32 annualized dividend and a dividend yield of 2.7%. Home Depot’s payout ratio is 65.22%.

Insider Activity at Home Depot

In related news, EVP Michael Rowe sold 710 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the transaction, the executive vice president directly owned 6,838 shares in the company, valued at $2,302,764.88. This represents a 9.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Kimberly Scardino sold 675 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer directly 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,829 shares of company stock valued at $3,339,314 in the last quarter. 0.08% of the stock is owned by company insiders.

Home Depot Company 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.