Bell & Brown Wealth Advisors LLC Makes New Investment in The Home Depot, Inc. $HD

Bell & Brown Wealth Advisors LLC bought a new position in The Home Depot, Inc. (NYSE:HD) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,524 shares of the home improvement retailer’s stock, valued at approximately $3,712,000.

A number of other large investors have also made changes to their positions in the company. Gator Capital Management LLC acquired a new position in shares of Home Depot in the fourth quarter valued at approximately $3,693,000. King Luther Capital Management Corp raised its position in shares of Home Depot by 0.6% in the fourth quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer’s stock valued at $426,848,000 after buying an additional 7,180 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in shares of Home Depot by 320.4% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer’s stock valued at $3,886,000 after buying an additional 8,606 shares during the period. Sarasin & Partners LLP raised its holdings in Home Depot by 4.0% in the 2nd quarter. Sarasin & Partners LLP now owns 687,219 shares of the home improvement retailer’s stock valued at $242,368,000 after acquiring an additional 26,357 shares in the last quarter. Finally, Capital International Inc. CA lifted its position in shares of Home Depot by 4.3% during the 4th quarter. Capital International Inc. CA now owns 150,368 shares of the home improvement retailer’s stock valued at $51,742,000 after acquiring an additional 6,187 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 0.9%

Home Depot stock opened at $334.97 on Thursday. The firm has a market cap of $334.01 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 3.72 and a beta of 0.95. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. The firm has a 50 day moving average price of $341.18 and a two-hundred day moving average price of $339.21.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The company had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same period in the previous year, the business earned $4.68 EPS. The firm’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. Equities analysts predict that The Home Depot, Inc. will post 14.99 EPS for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be paid a $2.33 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. Home Depot’s dividend payout ratio (DPR) is currently 65.22%.

Insider Buying and Selling

In related 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 transaction of $2,086,567.60. Following the transaction, the chief financial officer directly owned 48,104 shares of the company’s stock, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is owned by insiders.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Home Depot reported fiscal second-quarter revenue of $47.86 billion, up 5.7% year over year and ahead of consensus estimates. Adjusted diluted EPS of $4.92 also exceeded the $4.73 analyst expectation. Home Depot Beat Q2 Estimates
• Positive Sentiment: A nationwide three-hour delivery service could help HD compete with Walmart and Target for e-commerce orders, improve convenience and support sales of home-improvement products. Home Depot Three-Hour Delivery
• Positive Sentiment: Analysts and investor-focused commentary continue to highlight Home Depot’s 17-year dividend growth streak and long-term shareholder returns, offering support while investors wait for housing conditions to improve. Home Depot Dividend Streak

Analyst Upgrades and Downgrades

Several equities analysts have commented on HD shares. Gordon Haskett raised their target price on shares of Home Depot from $320.00 to $330.00 in a report on Friday, June 12th. Citigroup decreased their price target on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Jefferies Financial Group reissued a “buy” rating and set a $398.00 target price on shares of Home Depot in a research note on Tuesday, August 18th. Telsey Advisory Group decreased their price target on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Finally, TD Cowen reissued a “buy” rating on shares of Home Depot in a research note on Monday, August 10th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $375.54.

Home Depot Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.