1,892 The Home Depot, Inc. $HD Shares Sold by Lyell Wealth Management LP

Lyell Wealth Management LP decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 4.0% in the third quarter, HoldingsChannel reports. The firm owned 45,797 shares of the home improvement retailer’s stock after selling 1,892 shares during the quarter. Lyell Wealth Management LP’s holdings in Home Depot were worth $13,029,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HD. Associated Banc Corp bought a new stake in Home Depot in the third quarter worth $6,149,000. Putney Financial Group LLC purchased a new stake in Home Depot during the third quarter valued at $80,000. Watershed Private Wealth LLC lifted its position in Home Depot by 52.3% during the third quarter. Watershed Private Wealth LLC now owns 1,156 shares of the home improvement retailer’s stock valued at $329,000 after purchasing an additional 397 shares during the last quarter. Richwood Investment Advisors LLC grew its stake in shares of Home Depot by 6.1% in the 3rd quarter. Richwood Investment Advisors LLC now owns 4,818 shares of the home improvement retailer’s stock worth $1,371,000 after buying an additional 279 shares in the last quarter. Finally, Integrity Advisory Solutions LLC increased its holdings in shares of Home Depot by 10.3% in the 3rd quarter. Integrity Advisory Solutions LLC now owns 2,696 shares of the home improvement retailer’s stock worth $767,000 after buying an additional 251 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot News Summary

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

• Positive Sentiment: Home Depot recently beat earnings expectations, supporting optimism about its ability to deliver results even in a challenging housing environment. Home Depot Stock Could Be Poised for a Turnaround
• Positive Sentiment: Coverage highlights Home Depot’s 17 consecutive years of dividend increases and its scale, which may help it remain resilient and sustain shareholder returns through a weak housing cycle. Home Depot Has Raised Its Dividend 17 Straight Years
• Neutral Sentiment: Analyst-oriented coverage says Home Depot has a record of earnings surprises and may be positioned to beat estimates again; this is a forecast, not a reported result. The company will hold its third-quarter earnings call on November 17. Will Home Depot Beat Estimates Again? Third Quarter Earnings Call Announcement
• Negative Sentiment: The stock’s weakness amid a broader-market uptick suggests investors remain cautious. Recent commentary cites a historically sluggish housing market and shares being down for the year as factors that could weigh on expectations for renovation-related spending. Home Depot Stock Falls Amid Market Uptick

Home Depot Stock Down 2.2%

Home Depot stock opened at $333.49 on Wednesday. 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 firm has a market cap of $332.72 billion, a P/E ratio of 23.34, a P/E/G ratio of 2.43 and a beta of 0.93. The business has a fifty day moving average of $308.48 and a two-hundred day moving average of $334.51. The Home Depot, Inc. has a twelve month low of $277.15 and a twelve month high of $397.63.

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. The business had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were given a dividend of $2.33 per share. The ex-dividend date of this dividend was 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 presently 65.22%.

Insider Buying and Selling

In other Home Depot news, CAO Kimberly Scardino sold 675 shares of Home Depot stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $305.95, for a total value of $206,516.25. Following the transaction, the chief accounting officer owned 8,189 shares in the company, valued at $2,505,424.55. The trade was a 7.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Rowe sold 710 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the transaction, the executive vice president 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 SEC filing for this sale provides additional information. Insiders sold 9,829 shares of company stock worth $3,339,314 in the last three months. 0.08% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HD. Sanford C. Bernstein decreased their target price on shares of Home Depot from $354.00 to $344.00 and set a “market perform” rating on the stock in a research report on Wednesday, September 9th. TD Cowen reissued a “buy” rating on shares of Home Depot in a research note on Monday, August 10th. Guggenheim reissued a “buy” rating and set a $425.00 target price on shares of Home Depot in a research note on Wednesday, August 19th. Jefferies Financial Group reiterated a “buy” rating and set a $398.00 price objective on shares of Home Depot in a report on Tuesday, August 18th. Finally, Truist Financial boosted their price objective on shares of Home Depot from $369.00 to $373.00 and gave the company a “buy” rating 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 issued a Sell rating to the company’s stock. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $375.31.

Home Depot Company Profile

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors, and other building and maintenance professionals. The company sells a broad selection of building materials, hardware, tools, appliances, paint, plumbing and electrical supplies, flooring, lighting, lawn and garden products, and home décor.

In addition to merchandise, Home Depot offers services such as product delivery, tool and equipment rental, credit services, and installation for selected products.