Pinnacle Holdings LLC Invests $3.86 Million in The Home Depot, Inc. $HD

Pinnacle Holdings LLC purchased a new position in shares of The Home Depot, Inc. (NYSE:HD) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 10,943 shares of the home improvement retailer’s stock, valued at approximately $3,859,000. Home Depot makes up about 1.2% of Pinnacle Holdings LLC’s portfolio, making the stock its 23rd largest position.

Several other institutional investors have also recently added to or reduced their stakes in HD. Brighton Jones LLC increased its holdings in shares of Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Home Depot by 7.1% during the second quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock worth $952,000 after purchasing an additional 173 shares during the period. Schnieders Capital Management LLC. grew its position in Home Depot by 14.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock valued at $4,248,000 after buying an additional 1,433 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in Home Depot in the 2nd quarter valued at $1,773,000. Finally, Financial Advisors Network Inc. increased its stake in Home Depot by 11.3% in the 2nd quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer’s stock valued at $868,000 after buying an additional 241 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the subject of a number of analyst reports. Sanford C. Bernstein restated a “market perform” rating and set a $354.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. Morgan Stanley dropped their price target on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. HSBC cut their price target on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a report on Wednesday, May 20th. KeyCorp restated a “sector weight” rating on shares of Home Depot in a research report on Wednesday, August 19th. Finally, Citigroup dropped their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $375.54.

Home Depot Price Performance

Shares of NYSE HD opened at $329.80 on Friday. 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 one year low of $289.10 and a one year high of $426.75. The firm has a market capitalization of $329.04 billion, a P/E ratio of 23.08, a PEG ratio of 3.64 and a beta of 0.95. The company’s fifty day moving average is $340.97 and its two-hundred day moving average is $338.75.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) 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 business had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter last year, the firm posted $4.68 EPS. The business’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. Analysts forecast that The Home Depot, Inc. will post 15 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be issued a $2.33 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. Home Depot’s dividend payout ratio (DPR) is 65.22%.

Insider Buying and Selling

In other news, EVP Michael F. Rowe sold 710 shares of Home Depot 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 completion of the sale, the executive vice president directly owned 6,838 shares in the company, valued at approximately $2,302,764.88. This trade represents a 9.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard V. Mcphail sold 5,989 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $16,759,433.60. This trade represents a 11.07% decrease in their position. The SEC filing for this sale provides additional information. 0.08% of the stock is currently owned by company insiders.

Trending Headlines about Home Depot

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Home Depot reported fiscal second-quarter sales of $47.86 billion, up 5.7% year over year and its strongest comparable-sales growth since 2022. Adjusted earnings of $4.92 per share exceeded the $4.73 analyst consensus, reinforcing the view that the retailer’s turnaround is gaining traction. The Home Depot Posts Record Sales Growth Amid CEO Leave
• Positive Sentiment: The company expanded its Magic Apron AI shopping assistant to every U.S. store. The tool provides localized product information, project guidance and store navigation through text, voice, images and multiple languages. Its potential to improve customer service, employee productivity and conversion rates supports the long-term growth narrative. The Home Depot Expands Magic Apron
• Neutral Sentiment: Analysts and recent commentary see significant upside if housing and remodeling demand recover, with Home Depot’s scale and professional-customer base viewed as competitive advantages. However, the stock remains below its 50-day and 200-day moving averages, indicating that investors have not fully embraced the turnaround thesis. Home Depot Turnaround Could Be Bigger Than Investors Expect
• Neutral Sentiment: Although Home Depot beat quarterly estimates, a reported $685 million tariff refund may have boosted results. Investors could discount part of the earnings strength if the benefit is viewed as nonrecurring. Home Depot Beat Q2 Estimates
• Negative Sentiment: CEO Ted Decker is on temporary medical leave, creating uncertainty around leadership even as operating performance improves. Separately, EVP Michael Rowe sold 710 shares valued at approximately $239,100, a relatively small transaction but a modest negative sentiment signal. Home Depot EVP Michael Rowe Sells Shares

Home Depot Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.