10,364 Shares in The Home Depot, Inc. $HD Bought by Notis McConarty Edward

Notis McConarty Edward purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,364 shares of the home improvement retailer’s stock, valued at approximately $3,655,000. Home Depot makes up about 1.6% of Notis McConarty Edward’s investment portfolio, making the stock its 24th biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Asahi Life Asset Management CO. LTD. bought a new stake in Home Depot during the second quarter worth approximately $2,925,000. Financial Alternatives Inc bought a new position in shares of Home Depot in the second quarter worth about $2,130,000. Somerville Kurt F bought a new position in Home Depot in the 2nd quarter worth about $9,335,000. MSH Capital Advisors LLC bought a new stake in Home Depot during the 2nd quarter valued at $1,269,000. Finally, Puzo Michael J purchased a new stake in Home Depot in the second quarter worth about $8,720,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Performance

NYSE HD opened at $334.97 on Thursday. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. 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 50 day simple moving average is $341.18 and its 200-day simple moving average is $339.21. The company has a market cap of $334.01 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 3.72 and a beta of 0.95.

Home Depot (NYSE:HD) last posted its quarterly earnings results 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 business had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same period in the prior year, the business earned $4.68 earnings per share. The business’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. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 14.99 EPS for the current fiscal year.

Home Depot Announces Dividend

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

Insider Buying and Selling

In related news, CFO Richard V. Mcphail sold 5,989 shares of the 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 in the company, valued at $16,759,433.60. This represents a 11.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by company insiders.

More Home Depot News

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

Analysts Set New Price Targets

Several analysts have issued reports on HD shares. Royal Bank Of Canada dropped their target price on Home Depot from $343.00 to $342.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 19th. Citigroup dropped 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. The Goldman Sachs Group decreased their price objective on Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. JPMorgan Chase & Co. lowered their price objective on Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Finally, Morgan Stanley cut their target price on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $375.54.

About Home Depot

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.