4,108 Shares of The Home Depot, Inc. $HD Purchased by Pavion Blue Capital LLC

Pavion Blue Capital LLC acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the third quarter, Holdings Channel.com reports. The firm acquired 4,108 shares of the home improvement retailer’s stock, valued at approximately $1,169,000.

A number of other large investors have also made changes to their positions in the stock. Bank of Nova Scotia acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $118,723,000. AFT Forsyth & Company Inc. bought a new stake in shares of Home Depot during the second quarter valued at approximately $1,896,000. Field & Main Bank bought a new stake in shares of Home Depot during the second quarter valued at approximately $6,286,000. State Street Corp increased its position in shares of Home Depot by 1.1% during the second 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 period. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Home Depot by 9.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 49,096 shares of the home improvement retailer’s stock valued at $17,315,000 after purchasing an additional 4,292 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Recent Home Depot Headlines

These are some of the HD headlines that stood out recently:

• Positive Sentiment: Bank of America Securities maintained its Buy rating on HD, signaling continued confidence in the shares. Bank of America Securities Sticks to Their Buy Rating for Home Depot
• Neutral Sentiment: Bernstein raised its price target from $344 to $357 but kept a Market Perform rating, suggesting a modestly improved valuation view without a bullish change in recommendation. Bernstein price-target update
• Negative Sentiment: Elevated mortgage rates, sluggish housing activity and weak customer transactions cloud the sales outlook; an earnings analysis argues transactions need to turn positive to sustain the investment case. Comparable-sales outlook Home Depot: Hold Into Q3 Earnings, Transactions Must Turn Positive

Insider Activity at Home Depot

In other news, EVP Michael F. Rowe sold 710 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 6,838 shares of the company’s stock, valued at $2,302,764.88. This represents a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Richard V. Mcphail sold 5,989 shares of the firm’s stock in a transaction that occurred 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,829 shares of company stock valued at $3,339,314 over the last ninety days. Company insiders own 0.08% of the company’s stock.

Home Depot Trading Up 0.1%

Shares of HD opened at $351.36 on Thursday. The stock has a fifty day moving average price of $310.98 and a two-hundred day moving average price of $333.61. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. The Home Depot, Inc. has a 52-week low of $277.15 and a 52-week high of $397.63. The company has a market cap of $350.55 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 2.50 and a beta of 0.93.

Home Depot (NYSE:HD) last issued its quarterly 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 net margin of 8.41% and a return on equity of 106.42%. The business had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the prior year, the company earned $4.68 EPS. The firm’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. Analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.7%. Home Depot’s payout ratio is currently 65.22%.

Analysts Set New Price Targets

Several research analysts recently commented on HD shares. Royal Bank Of Canada reduced their target price on Home Depot from $343.00 to $342.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 19th. Sanford C. Bernstein lifted their price target on shares of Home Depot from $344.00 to $357.00 and gave the stock a “market perform” rating in a research note on Tuesday. Jefferies Financial Group reissued a “buy” rating and issued a $398.00 price target on shares of Home Depot in a report on Tuesday, August 18th. Stifel Nicolaus dropped their price objective on shares of Home Depot from $346.00 to $322.00 and set a “hold” rating for the company in a research note on Monday, October 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Home Depot in a report on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average target price of $375.90.

Home Depot Company 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.