The Home Depot, Inc. $HD Stock: Welch Group LLC Increases Holdings

Welch Group LLC lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 205,961 shares of the home improvement retailer’s stock after buying an additional 5,552 shares during the period. Home Depot makes up approximately 2.0% of Welch Group LLC’s holdings, making the stock its 22nd largest position. Welch Group LLC’s holdings in Home Depot were worth $58,594,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Zeit Capital LLC purchased a new stake in Home Depot during the 2nd quarter valued at approximately $26,000. Principia Wealth Advisory LLC grew its stake in shares of Home Depot by 60.4% in the 2nd quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 32 shares during the last quarter. Navigoe LLC purchased a new position in shares of Home Depot in the 2nd quarter valued at approximately $32,000. Gould Capital LLC grew its stake in shares of Home Depot by 58.7% in the 1st quarter. Gould Capital LLC now owns 100 shares of the home improvement retailer’s stock valued at $33,000 after purchasing an additional 37 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Home Depot in the second quarter valued at approximately $37,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In related news, CAO Kimberly Scardino sold 675 shares of the company’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 transaction 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 represents a 7.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael Rowe sold 710 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total transaction of $239,099.60. Following the transaction, the executive vice president directly owned 6,838 shares in the company, valued at approximately $2,302,764.88. This represents a 9.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,829 shares of company stock valued at $3,339,314 in the last ninety days. 0.08% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently commented on HD. Royal Bank Of Canada cut their price target on Home Depot from $343.00 to $342.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 19th. UBS Group reiterated a “buy” rating on shares of Home Depot in a research report on Thursday, September 17th. KeyCorp reissued a “sector weight” rating on shares of Home Depot in a research note on Wednesday, August 19th. Jefferies Financial Group restated a “buy” rating and set a $398.00 price objective on shares of Home Depot in a research report on Tuesday, August 18th. Finally, Wells Fargo & Company upped their price objective on shares of Home Depot from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $375.31.

Home Depot Stock Up 0.0%

Shares of NYSE HD opened at $329.31 on Monday. The firm has a market cap of $328.55 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 2.34 and a beta of 1.00. 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 1 year low of $277.15 and a 1 year high of $397.63. The firm’s 50 day moving average price is $308.45 and its 200 day moving average price is $334.91.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 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 company had revenue of $47.86 billion during the quarter, compared to analysts’ expectations of $47.24 billion. During the same quarter in the previous year, the business earned $4.68 EPS. The firm’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 15.01 earnings per share for the current year.

Home Depot Announces Dividend

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

Home Depot 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.