45,400 The Home Depot, Inc. $HD Shares Sold by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. cut its stake in The Home Depot, Inc. (NYSE:HD) by 33.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 92,100 shares of the home improvement retailer’s stock after selling 45,400 shares during the quarter. Factory Mutual Insurance Co.’s holdings in Home Depot were worth $26,202,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in HD. BlackRock Inc. bought a new stake in shares of Home Depot during the 2nd quarter valued at about $28,771,247,000. State Street Corp raised its stake in Home Depot by 1.1% in the second quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer’s stock worth $16,637,688,000 after buying an additional 499,168 shares in the last quarter. Bank of America Corp DE bought a new position in Home Depot in the second quarter worth about $5,780,468,000. Bank of New York Mellon Corp bought a new position in Home Depot in the second quarter worth about $2,777,396,000. Finally, Corient Private Wealth LP purchased a new stake in Home Depot in the second quarter worth about $390,913,000. 70.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on HD shares. Royal Bank Of Canada cut their price objective on Home Depot from $343.00 to $342.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 19th. Jefferies Financial Group reissued a “buy” rating and issued a $398.00 target price on shares of Home Depot in a research report on Tuesday, August 18th. KeyCorp reissued a “sector weight” rating on shares of Home Depot in a research report on Wednesday, August 19th. Sanford C. Bernstein lowered their target price 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Home Depot in a research report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $375.31.

Home Depot News Summary

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Home Depot recently beat earnings expectations, supporting optimism about its ability to deliver results even in a challenging housing environment. Home Depot Stock Could Be Poised for a Turnaround
• Positive Sentiment: Coverage highlights Home Depot’s 17 consecutive years of dividend increases and its scale, which may help it remain resilient and sustain shareholder returns through a weak housing cycle. Home Depot Has Raised Its Dividend 17 Straight Years
• Neutral Sentiment: Analyst-oriented coverage says Home Depot has a record of earnings surprises and may be positioned to beat estimates again; this is a forecast, not a reported result. The company will hold its third-quarter earnings call on November 17. Will Home Depot Beat Estimates Again? Third Quarter Earnings Call Announcement
• Negative Sentiment: The stock’s weakness amid a broader-market uptick suggests investors remain cautious. Recent commentary cites a historically sluggish housing market and shares being down for the year as factors that could weigh on expectations for renovation-related spending. Home Depot Stock Falls Amid Market Uptick

Insider Activity

In other 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 value of $239,099.60. Following the transaction, the executive vice president owned 6,838 shares in the company, valued at approximately $2,302,764.88. This represents a 9.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Richard McPhail sold 5,989 shares of the stock in a transaction that occurred 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 sale, the chief financial officer owned 48,104 shares in the company, valued at approximately $16,759,433.60. The trade was a 11.07% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 9,829 shares of company stock worth $3,339,314. Corporate insiders own 0.08% of the company’s stock.

Home Depot Price Performance

Shares of NYSE:HD opened at $333.49 on Wednesday. The business has a fifty day moving average price of $308.48 and a 200-day moving average price of $334.51. 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 has a market capitalization of $332.72 billion, a PE ratio of 23.34, a PEG ratio of 2.43 and a beta of 0.93. The Home Depot, Inc. has a 1-year low of $277.15 and a 1-year high of $397.63.

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

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were issued a $2.33 dividend. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $9.32 annualized dividend and a yield of 2.8%. Home Depot’s payout ratio is 65.22%.

Home Depot Company Profile

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.