Security National Bank of Sioux City Iowa IA Raises Position in The Home Depot, Inc. $HD

Security National Bank of Sioux City Iowa IA boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 30.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 8,093 shares of the home improvement retailer’s stock after purchasing an additional 1,909 shares during the period. Home Depot comprises approximately 1.2% of Security National Bank of Sioux City Iowa IA’s portfolio, making the stock its 25th largest holding. Security National Bank of Sioux City Iowa IA’s holdings in Home Depot were worth $2,854,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bank of Nova Scotia purchased a new stake in shares of Home Depot during the second quarter valued at approximately $118,723,000. Gator Capital Management LLC purchased a new position in shares of Home Depot in the fourth quarter worth $3,693,000. AFT Forsyth & Company Inc. bought a new stake in Home Depot during the 2nd quarter valued at $1,896,000. Field & Main Bank bought a new stake in Home Depot during the 2nd quarter valued at $6,286,000. Finally, King Luther Capital Management Corp boosted its position in 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 valued at $426,848,000 after buying an additional 7,180 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In related news, CFO Richard V. Mcphail sold 5,989 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was 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 $16,759,433.60. This represents a 11.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Kimberly R. Scardino sold 675 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $305.95, for a total value 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 approximately $2,505,424.55. This trade represents a 7.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 9,829 shares of company stock worth $3,339,314 over the last 90 days. 0.08% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HD. KeyCorp reissued a “sector weight” rating on shares of Home Depot in a report on Wednesday, August 19th. Weiss Ratings upgraded shares of Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 7th. UBS Group reissued a “buy” rating on shares of Home Depot in a research note on Thursday. TD Cowen restated a “buy” rating on shares of Home Depot in a report on Monday, August 10th. Finally, Sanford C. Bernstein lowered their price target on Home Depot from $354.00 to $344.00 and set a “market perform” rating for the company in a research report on Wednesday, September 9th. Eighteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $375.18.

Home Depot Trading Down 0.8%

NYSE HD traded down $2.51 during trading on Friday, hitting $300.00. The company had a trading volume of 8,188,234 shares, compared to its average volume of 4,348,805. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $418.58. The company has a market cap of $299.30 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 3.33 and a beta of 0.95. The company’s fifty day moving average is $332.17 and its 200-day moving average is $331.53.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, beating analysts’ consensus estimates of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm 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 firm posted $4.68 EPS. The company’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. On average, sell-side analysts predict that The Home Depot, Inc. will post 15 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were given a $2.33 dividend. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $9.32 annualized dividend and a dividend yield of 3.1%. Home Depot’s dividend payout ratio is currently 65.22%.

About Home Depot

The Home Depot, Inc is a home improvement retailer that sells building materials, appliances, decor, hardware, tools, paint, lawn and garden products, and related merchandise. The company serves do-it-yourself customers, professional contractors, homebuilders, and other commercial customers through its retail stores and digital platforms.

Home Depot also provides services such as equipment and tool rental, delivery, installation, and project support. Its professional-focused offerings include job-lot quantities, specialized products, credit services, and account support designed for contractors and other trade customers.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, the company is headquartered in Atlanta, Georgia.