Illinois Municipal Retirement Fund decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 4.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 59,556 shares of the home improvement retailer’s stock after selling 2,728 shares during the period. Illinois Municipal Retirement Fund’s holdings in Home Depot were worth $16,943,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of HD. Zeit Capital LLC bought a new position in shares of Home Depot during the second quarter valued at approximately $26,000. Next Level Wealth Planning LLC purchased a new position in Home Depot during the third quarter valued at approximately $28,000. Principia Wealth Advisory LLC raised its stake in Home Depot by 60.4% in the second quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 32 shares in the last quarter. Navigoe LLC bought a new position in Home Depot in the second quarter worth approximately $32,000. Finally, Livelsberger Financial Advisory bought a new position in Home Depot in the third quarter worth approximately $32,000. Institutional investors own 70.86% of the company’s stock.
Insiders Place Their Bets
In related news, CAO Kimberly R. Scardino sold 675 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $305.95, for a total transaction of $206,516.25. Following the transaction, the chief accounting officer directly owned 8,189 shares of the company’s stock, valued at $2,505,424.55. This represents a 7.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Teresa Roseborough sold 2,455 shares of the stock in a transaction dated 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 sale, the executive vice president owned 14,061 shares of the company’s stock, valued at approximately $4,622,834.97. This trade represents a 14.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 9,829 shares of company stock worth $3,339,314 over the last quarter. Company insiders own 0.08% of the company’s stock.
Analyst Ratings Changes
A number of research firms have weighed in on HD. KeyCorp restated a “sector weight” rating on shares of Home Depot in a report on Wednesday, August 19th. Truist Financial lifted their price target on Home Depot from $369.00 to $373.00 and gave the company a “buy” rating in a report 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 boosted their price target on Home Depot from $344.00 to $357.00 and gave the stock a “market perform” rating in a research report on Tuesday. Finally, Jefferies Financial Group restated a “buy” rating and set a $398.00 price objective on shares of Home Depot in a research note on Tuesday, August 18th. One investment 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $375.90.
View Our Latest Research Report on Home Depot
Home Depot Trading Up 0.1%
NYSE: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 firm has a 50 day moving average of $310.98 and a 200 day moving average of $333.61. 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 has a market capitalization 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 – Get Free Report) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, beating 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 company had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same period last year, the firm earned $4.68 earnings per share. Home Depot’s 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. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.
Home Depot Announces Dividend
The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.7%. Home Depot’s dividend payout ratio (DPR) is presently 65.22%.
Recent Home Depot Headlines
These are some of the HD headlines that stood out recently:
- 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
- Negative Sentiment: HD is facing technical pressure ahead of earnings, which could weigh on the shares in the near term, particularly if results or guidance disappoint. Home Depot Stock Running into Technical Pressure Before Earnings
Home Depot 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.
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