First Eagle Investment Management LLC Buys 1,941 Shares of The Home Depot, Inc. $HD

First Eagle Investment Management LLC grew its stake in The Home Depot, Inc. (NYSE:HD) by 3.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,776 shares of the home improvement retailer’s stock after buying an additional 1,941 shares during the quarter. First Eagle Investment Management LLC’s holdings in Home Depot were worth $18,613,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Bank of Nova Scotia acquired a new stake in Home Depot in the 2nd quarter valued at approximately $118,723,000. Gator Capital Management LLC bought a new stake in Home Depot in the 4th quarter valued at approximately $3,693,000. AFT Forsyth & Company Inc. acquired a new position in Home Depot during the 2nd quarter worth approximately $1,896,000. Field & Main Bank acquired a new position in Home Depot during the 2nd quarter worth approximately $6,286,000. Finally, King Luther Capital Management Corp grew its stake in shares of Home Depot by 0.6% during the 4th quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer’s stock worth $426,848,000 after acquiring an additional 7,180 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Insider Activity

In other news, CFO Richard V. Mcphail sold 5,989 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total value of $2,086,567.60. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $239,099.60. Following the completion of the sale, the executive vice president owned 6,838 shares of the company’s stock, valued at $2,302,764.88. This trade represents a 9.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,154 shares of company stock valued at $3,132,798 in the last quarter. Company insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HD. Weiss Ratings upgraded shares of Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 7th. Wells Fargo & Company increased their target price on shares of Home Depot from $360.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. UBS Group decreased their target price on shares of Home Depot from $430.00 to $420.00 and set a “buy” rating for the company in a research report on Wednesday, August 19th. KeyCorp reiterated a “sector weight” rating on shares of Home Depot in a research note on Wednesday, August 19th. Finally, Mizuho boosted their price target on shares of Home Depot from $385.00 to $390.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $375.54.

Home Depot Trading Down 0.0%

Shares of Home Depot stock opened at $320.94 on Tuesday. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The stock has a market cap of $320.20 billion, a P/E ratio of 22.46, a P/E/G ratio of 3.53 and a beta of 0.95. 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 business’s 50 day moving average is $338.76 and its 200-day moving average is $335.58.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the prior year, the firm posted $4.68 EPS. The firm’s revenue for the quarter 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 research analysts predict that The Home Depot, Inc. will post 15 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders 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 dividend on an annualized basis and a yield of 2.9%. Home Depot’s dividend payout ratio (DPR) is currently 65.22%.

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.