1,630 The Home Depot, Inc. $HD Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,787 shares of the home improvement retailer’s stock after selling 1,630 shares during the period. CENTRAL TRUST Co’s holdings in Home Depot were worth $22,130,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Winning Points Advisors LLC lifted its stake in shares of Home Depot by 1.0% in the 2nd quarter. Winning Points Advisors LLC now owns 2,891 shares of the home improvement retailer’s stock valued at $1,020,000 after acquiring an additional 30 shares during the last quarter. Beaird Harris Wealth Management LLC boosted its holdings in Home Depot by 1.6% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 1,945 shares of the home improvement retailer’s stock valued at $686,000 after acquiring an additional 31 shares during the period. Family Capital Management Inc. boosted its holdings in Home Depot by 3.4% during the 3rd quarter. Family Capital Management Inc. now owns 949 shares of the home improvement retailer’s stock valued at $270,000 after acquiring an additional 31 shares during the period. Poehling Capital Management INC. grew its position in Home Depot by 3.1% during the 2nd quarter. Poehling Capital Management INC. now owns 1,054 shares of the home improvement retailer’s stock worth $372,000 after acquiring an additional 32 shares during the last quarter. Finally, Cornerstone Wealth Management LLC grew its position in Home Depot by 0.3% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 11,140 shares of the home improvement retailer’s stock worth $3,929,000 after acquiring an additional 32 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot News Summary

These are some of the HD news items that stood out recently:

• 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
• Positive Sentiment: Recent comparable-sales growth of 1.7%, strong professional-customer demand and digital gains point to resilience despite uneven demand. Wall Street is also expecting earnings growth, with one preview citing factors that could support an earnings beat. Can Home Depot Sustain Comparable Sales Growth Amid Uneven Demand? Home Depot Reports Next Week: Wall Street Expects Earnings Growth
• 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

Home Depot Stock Up 0.1%

Shares of NYSE HD opened at $351.36 on Thursday. 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 Home Depot, Inc. has a 12 month low of $277.15 and a 12 month high of $397.63. The firm has a market capitalization of $350.55 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 2.50 and a beta of 0.93. The firm has a fifty day simple moving average of $310.98 and a two-hundred day simple moving average of $333.61.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, beating analysts’ consensus estimates of $4.73 by $0.19. The firm had revenue of $47.86 billion for 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 company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently disclosed 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 was Thursday, September 3rd. This represents a $9.32 annualized dividend and a yield of 2.7%. Home Depot’s dividend payout ratio (DPR) is 65.22%.

Analysts Set New Price Targets

A number of brokerages have commented on HD. TD Cowen reaffirmed a “buy” rating on shares of Home Depot in a research note on Monday, August 10th. KeyCorp reissued a “sector weight” rating on shares of Home Depot in a research note on Wednesday, August 19th. Mizuho increased their price objective on Home Depot from $385.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Truist Financial raised their target price on shares of Home Depot from $369.00 to $373.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $398.00 target price on shares of Home Depot in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given 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 an average rating of “Moderate Buy” and a consensus target price of $375.90.

Insider Transactions at Home Depot

In other news, EVP Teresa Roseborough sold 2,455 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 14,061 shares of the company’s stock, valued at approximately $4,622,834.97. This represents a 14.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $336.76, for a total value of $239,099.60. Following the completion of the transaction, the executive vice president directly owned 6,838 shares of the company’s stock, valued at $2,302,764.88. This represents a 9.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 9,829 shares of company stock valued at $3,339,314. Insiders own 0.08% of the company’s stock.

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.