The Home Depot, Inc. $HD Stock Sold by SVB Wealth LLC

SVB Wealth LLC cut its stake in The Home Depot, Inc. (NYSE:HD) by 10.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,980 shares of the home improvement retailer’s stock after selling 3,227 shares during the quarter. SVB Wealth LLC’s holdings in Home Depot were worth $7,960,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HD. Point Windward Advisors Inc. boosted its stake in Home Depot by 4.2% in the 3rd quarter. Point Windward Advisors Inc. now owns 9,622 shares of the home improvement retailer’s stock valued at $2,737,000 after purchasing an additional 388 shares during the period. PBU The Pension Fund of Early Childhood & Youth Educators grew its holdings in Home Depot by 0.7% in the 3rd quarter. PBU The Pension Fund of Early Childhood & Youth Educators now owns 132,196 shares of the home improvement retailer’s stock valued at $37,608,000 after buying an additional 896 shares in the last quarter. Werba Rubin Papier Wealth Management grew its holdings in Home Depot by 9.4% in the 3rd quarter. Werba Rubin Papier Wealth Management now owns 1,474 shares of the home improvement retailer’s stock valued at $419,000 after buying an additional 127 shares in the last quarter. R Squared Ltd bought a new position in Home Depot during the 3rd quarter worth $1,671,000. Finally, Van Strum & Towne Inc. increased its position in Home Depot by 28.2% during the 3rd quarter. Van Strum & Towne Inc. now owns 1,683 shares of the home improvement retailer’s stock worth $479,000 after buying an additional 370 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

More Home Depot News

Here’s some of the latest news about HD:

• Positive Sentiment: Analyst support includes Sanford C. Bernstein’s expectation that HD shares will rise and Bank of America Securities’ continued Buy rating. Bernstein analyst expects HD shares to rise Bank of America maintains Buy rating
• Neutral Sentiment: Pre-earnings coverage focuses on analyst estimates for Home Depot’s October-quarter results and key metrics, but the articles provide no reported figures; the upcoming release may be an important catalyst. Analyst projections for Home Depot Q3 earnings
• Negative Sentiment: Elevated mortgage rates and sluggish housing activity could restrain demand, while rising costs are a concern. Separate commentary warns that HD’s roughly 20% one-month rally may have left the stock looking expensive relative to its cash-generation outlook; technical pressure ahead of earnings adds near-term risk. Home Depot stock looks overvalued after its run Technical pressure ahead of earnings

Wall Street Analyst Weigh In

HD has been the subject of a number of research reports. Mizuho lifted their target price on Home Depot from $385.00 to $390.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Jefferies Financial Group restated a “buy” rating and issued a $398.00 price target on shares of Home Depot in a research note on Tuesday, August 18th. Guggenheim reaffirmed a “buy” rating and set a $425.00 price target on shares of Home Depot in a research report on Wednesday, August 19th. Melius Research set a $397.00 price objective on shares of Home Depot in a research note on Tuesday, October 6th. Finally, UBS Group reissued a “buy” rating on shares of Home Depot in a report on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $375.90.

Home Depot Price Performance

Home Depot stock opened at $348.07 on Friday. The firm has a market cap of $347.27 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 2.60 and a beta of 0.93. 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 stock’s fifty day moving average price is $311.57 and its two-hundred day moving average price is $333.42. The Home Depot, Inc. has a one year low of $277.15 and a one year high of $397.63.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (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 period in the prior year, the firm posted $4.68 EPS. Home Depot’s quarterly revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were given a dividend of $2.33 per share. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $9.32 annualized dividend and a yield of 2.7%. Home Depot’s dividend payout ratio is currently 65.22%.

Insider Activity

In other Home Depot news, EVP Michael F. Rowe sold 710 shares of the firm’s stock in a transaction dated 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. This trade represents a 9.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Kimberly R. Scardino sold 675 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $305.95, for a total transaction of $206,516.25. Following the completion of the transaction, the chief accounting officer owned 8,189 shares of the company’s stock, valued at $2,505,424.55. The trade was a 7.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 9,829 shares of company stock worth $3,339,314. 0.08% of the stock is owned by company insiders.

Home Depot 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.