The Home Depot, Inc. $HD Shares Sold by CFM Wealth Partners LLC

CFM Wealth Partners LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 28.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,409 shares of the home improvement retailer’s stock after selling 3,794 shares during the quarter. CFM Wealth Partners LLC’s holdings in Home Depot were worth $2,677,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in HD. Bingham Private Wealth LLC increased its holdings in shares of Home Depot by 3.0% in the third quarter. Bingham Private Wealth LLC now owns 1,123 shares of the home improvement retailer’s stock valued at $319,000 after purchasing an additional 33 shares during the last quarter. Maryland State Retirement & Pension System acquired a new position in Home Depot during the third quarter worth $17,428,000. Pavion Blue Capital LLC acquired a new position in Home Depot during the third quarter worth $1,169,000. NBH Bank grew its holdings in Home Depot by 2.0% in the 3rd quarter. NBH Bank now owns 3,999 shares of the home improvement retailer’s stock valued at $1,138,000 after buying an additional 79 shares in the last quarter. Finally, Joel Isaacson & Co. LLC grew its holdings in Home Depot by 2.6% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 17,028 shares of the home improvement retailer’s stock valued at $4,844,000 after buying an additional 425 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Home Depot

In other news, CAO Kimberly R. Scardino sold 675 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Teresa Roseborough sold 2,455 shares of the firm’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 transaction of $807,130.35. Following the completion of the transaction, the executive vice president directly owned 14,061 shares of the company’s stock, valued at approximately $4,622,834.97. The trade was a 14.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 9,829 shares of company stock valued at $3,339,314. 0.08% of the stock is owned by insiders.

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
• Positive Sentiment: Recent comparable-sales growth of 1.7%, strong professional-customer demand and digital gains point to resilience despite uneven demand. Wall Street is also expecting earnings growth, with one preview citing factors that could support an earnings beat. Can Home Depot Sustain Comparable Sales Growth Amid Uneven Demand? Home Depot Reports Next Week: Wall Street Expects Earnings Growth
• 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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HD shares. DA Davidson reaffirmed a “buy” rating and issued a $377.00 target price on shares of Home Depot in a research note on Wednesday, August 19th. TD Cowen reissued a “buy” rating on shares of Home Depot in a research report on Monday, August 10th. Sanford C. Bernstein upped their price objective on shares of Home Depot from $344.00 to $357.00 and gave the company a “market perform” rating in a report on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of Home Depot from $396.00 to $400.00 and gave the company an “overweight” rating in a report on Monday. Finally, Royal Bank Of Canada cut their price objective on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $375.90.

Home Depot Trading Up 0.1%

HD opened at $351.36 on Thursday. The Home Depot, Inc. has a 52 week low of $277.15 and a 52 week 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 business has a fifty day simple moving average of $310.98 and a 200-day simple moving average of $333.61. The firm has a market cap of $350.55 billion, a P/E ratio of 23.70, a P/E/G ratio of 2.50 and a beta of 0.93.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (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 firm had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the previous year, the business earned $4.68 EPS. The company’s quarterly 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. On average, equities analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were given a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot’s payout ratio is currently 65.22%.

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.