The Home Depot, Inc. $HD Stake Decreased by Lyell Wealth Management LP

Lyell Wealth Management LP reduced its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 4.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,797 shares of the home improvement retailer’s stock after selling 1,892 shares during the quarter. Lyell Wealth Management LP’s holdings in Home Depot were worth $13,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Bank of Nova Scotia purchased a new position in shares of Home Depot in the 2nd quarter worth $118,723,000. AFT Forsyth & Company Inc. bought a new stake in shares of Home Depot in the second quarter worth $1,896,000. Field & Main Bank bought a new stake in shares of Home Depot in the second quarter worth $6,286,000. State Street Corp increased its position in 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. Finally, Envestnet Portfolio Solutions Inc. increased its position in Home Depot by 9.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 49,096 shares of the home improvement retailer’s stock valued at $17,315,000 after acquiring an additional 4,292 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Home Depot news, CFO Richard V. Mcphail sold 5,989 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total value of $2,086,567.60. Following the completion of the transaction, the chief financial officer directly owned 48,104 shares in the company, valued at $16,759,433.60. This represents a 11.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Michael F. Rowe sold 710 shares of the 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 sale, the executive vice president directly owned 6,838 shares of the company’s stock, valued at approximately $2,302,764.88. This trade represents a 9.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,829 shares of company stock worth $3,339,314 over the last quarter. Company insiders own 0.08% of the company’s stock.

Key Home Depot News

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

Home Depot Price Performance

NYSE:HD opened at $333.49 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The business’s 50-day simple moving average is $308.48 and its two-hundred day simple moving average is $334.51. The stock has a market cap of $332.72 billion, a PE ratio of 23.34, a P/E/G ratio of 2.43 and a beta of 0.93. The Home Depot, Inc. has a 52 week low of $277.15 and a 52 week high of $397.63.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, beating the consensus estimate of $4.73 by $0.19. The business had revenue of $47.86 billion for 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 revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

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

Wall Street Analyst Weigh In

HD has been the topic of several research reports. DA Davidson reissued a “buy” rating and issued a $377.00 target price on shares of Home Depot in a research report on Wednesday, August 19th. UBS Group restated a “buy” rating on shares of Home Depot in a research note on Thursday, September 17th. Mizuho upped their price target on shares of Home Depot from $385.00 to $390.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. KeyCorp reiterated a “sector weight” rating on shares of Home Depot in a research note on Wednesday, August 19th. Finally, Melius Research set a $397.00 price objective on shares of Home Depot in a report on Tuesday, October 6th. One investment 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 assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $375.31.

Home Depot 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.