Kintra Wealth LLC Has $2.97 Million Stock Position in The Home Depot, Inc. $HD

Kintra Wealth LLC grew its position in The Home Depot, Inc. (NYSE:HD) by 24.1% in the second quarter, Holdings Channel.com reports. The fund owned 8,683 shares of the home improvement retailer’s stock after buying an additional 1,689 shares during the period. Kintra Wealth LLC’s holdings in Home Depot were worth $2,967,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Yarger Wealth Strategies LLC raised its stake in shares of Home Depot by 23.5% in the second quarter. Yarger Wealth Strategies LLC now owns 1,184 shares of the home improvement retailer’s stock valued at $406,000 after purchasing an additional 225 shares in the last quarter. Nilsine Partners LLC boosted its stake in Home Depot by 31.3% during the second quarter. Nilsine Partners LLC now owns 4,794 shares of the home improvement retailer’s stock worth $1,691,000 after buying an additional 1,142 shares in the last quarter. Nvest Financial LLC acquired a new stake in Home Depot during the second quarter worth $214,000. Saudi Central Bank increased its holdings in Home Depot by 89.7% in the 2nd quarter. Saudi Central Bank now owns 69,721 shares of the home improvement retailer’s stock valued at $24,589,000 after buying an additional 32,976 shares during the period. Finally, Asset Allocation Strategies LLC raised its stake in shares of Home Depot by 6.2% in the 2nd quarter. Asset Allocation Strategies LLC now owns 751 shares of the home improvement retailer’s stock valued at $265,000 after buying an additional 44 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on HD shares. DA Davidson reiterated a “buy” rating and set a $377.00 target price on shares of Home Depot in a research report on Wednesday, August 19th. KeyCorp reaffirmed a “sector weight” rating on shares of Home Depot in a report on Wednesday, August 19th. Royal Bank Of Canada lowered their price objective on Home Depot from $343.00 to $342.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 19th. Piper Sandler dropped their target price on Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Finally, BNP Paribas Exane cut their target price on Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $375.54.

Insider Transactions at Home Depot

In related news, EVP Michael F. Rowe sold 710 shares of Home Depot stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total value of $239,099.60. Following the completion of the sale, the executive vice president directly owned 6,838 shares in the company, valued at $2,302,764.88. This trade represents a 9.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Roseborough sold 2,455 shares of the business’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $328.77, for a total value of $807,130.35. Following the sale, the executive vice president directly owned 14,061 shares of the company’s stock, valued at $4,622,834.97. This represents a 14.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 9,154 shares of company stock worth $3,132,798 over the last 90 days. 0.08% of the stock is owned by insiders.

Home Depot Stock Performance

NYSE:HD opened at $320.94 on Tuesday. The stock has a market capitalization of $320.20 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 3.53 and a beta of 0.95. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The firm has a 50 day moving average of $338.76 and a 200-day moving average of $335.58.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $47.24 billion. During the same period last year, the firm posted $4.68 EPS. The business’s 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. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be paid a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is 65.22%.

Home Depot Company 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.