The Home Depot, Inc. $HD Shares Purchased by Ethic Inc.

Ethic Inc. boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,015 shares of the home improvement retailer’s stock after acquiring an additional 3,854 shares during the quarter. Ethic Inc.’s holdings in Home Depot were worth $31,583,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bank of Nova Scotia acquired a new position in Home Depot in the second quarter valued at approximately $118,723,000. AFT Forsyth & Company Inc. purchased a new position in Home Depot in the second quarter valued at approximately $1,896,000. Field & Main Bank purchased a new position in Home Depot in the second quarter valued at approximately $6,286,000. State Street Corp raised its holdings 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 worth $16,637,688,000 after purchasing an additional 499,168 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings 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 worth $17,315,000 after purchasing an additional 4,292 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Home Depot

In other news, EVP Michael Rowe sold 710 shares of Home Depot stock in a transaction 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 directly owned 6,838 shares of the company’s stock, valued at $2,302,764.88. The trade was a 9.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Richard McPhail sold 5,989 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer owned 48,104 shares of the company’s stock, valued at approximately $16,759,433.60. This trade represents a 11.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 9,829 shares of company stock valued at $3,339,314. Insiders own 0.08% of the company’s stock.

Home Depot Trading Down 1.8%

NYSE:HD opened at $343.48 on Friday. The stock’s 50 day moving average price is $309.42 and its 200 day moving average price is $334.08. The company has a market capitalization of $342.69 billion, a PE ratio of 24.04, a P/E/G ratio of 2.44 and a beta of 0.93. 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 Home Depot, Inc. has a 52-week low of $277.15 and a 52-week high of $397.63.

Home Depot (NYSE:HD) last released its quarterly 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. 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 analyst estimates of $47.24 billion. During the same quarter in the previous year, the company posted $4.68 earnings per share. 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. On average, research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were given a dividend of $2.33 per share. The ex-dividend date was Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. Home Depot’s dividend payout ratio (DPR) is 65.22%.

Analysts Set New Price Targets

HD has been the subject of several recent analyst reports. Wells Fargo & Company boosted their price objective on shares of Home Depot from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Guggenheim reaffirmed a “buy” rating and issued a $425.00 target price on shares of Home Depot in a research report on Wednesday, August 19th. TD Cowen reaffirmed a “buy” rating on shares of Home Depot in a research report on Monday, August 10th. Royal Bank Of Canada cut their price target on shares of Home Depot from $343.00 to $342.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Home Depot in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $375.31.

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.