Traynor Capital Management Inc. Sells 2,972 Shares of The Home Depot, Inc. $HD

Traynor Capital Management Inc. decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 6.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,402 shares of the home improvement retailer’s stock after selling 2,972 shares during the period. Traynor Capital Management Inc.’s holdings in Home Depot were worth $12,347,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Home Depot during the second quarter worth $28,771,247,000. State Street Corp increased its stake in shares of Home Depot by 1.1% in the 2nd quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer’s stock valued at $16,637,688,000 after purchasing an additional 499,168 shares during the last quarter. Bank of America Corp DE bought a new position in shares of Home Depot in the 2nd quarter valued at $5,780,468,000. Bank of New York Mellon Corp acquired a new position in shares of Home Depot during the 2nd quarter worth $2,777,396,000. Finally, Amundi raised its holdings in shares of Home Depot by 26.4% during the 2nd quarter. Amundi now owns 7,339,614 shares of the home improvement retailer’s stock worth $2,588,535,000 after buying an additional 1,533,276 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Up 0.0%

Shares of HD stock opened at $329.31 on Monday. The firm has a market capitalization of $328.55 billion, a P/E ratio of 23.04, a P/E/G ratio of 2.34 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $277.15 and a twelve month high of $397.63. 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 stock’s fifty day simple moving average is $308.45 and its 200 day simple moving average is $334.91.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.73 by $0.19. The business had revenue of $47.86 billion during the quarter, compared to analysts’ expectations of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, sell-side analysts predict 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. Stockholders of record on Thursday, September 3rd were paid 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 2.8%. Home Depot’s dividend payout ratio is currently 65.22%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Teresa Roseborough sold 2,455 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $328.77, for a total value of $807,130.35. Following the completion of the transaction, the executive vice president directly owned 14,061 shares in the company, valued at approximately $4,622,834.97. This represents a 14.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael F. Rowe sold 710 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,829 shares of company stock valued at $3,339,314 in the last quarter. 0.08% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HD. Stifel Nicolaus dropped their price objective on Home Depot from $346.00 to $322.00 and set a “hold” rating for the company in a research report on Monday, October 26th. UBS Group reiterated a “buy” rating on shares of Home Depot in a research report on Thursday, September 17th. DA Davidson reissued a “buy” rating and issued a $377.00 target price on shares of Home Depot in a report on Wednesday, August 19th. KeyCorp restated a “sector weight” rating on shares of Home Depot in a research note on Wednesday, August 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Home Depot in a research note on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.31.

About Home Depot

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors, and other building and maintenance professionals. The company sells a broad selection of building materials, hardware, tools, appliances, paint, plumbing and electrical supplies, flooring, lighting, lawn and garden products, and home décor.

In addition to merchandise, Home Depot offers services such as product delivery, tool and equipment rental, credit services, and installation for selected products.