The Home Depot, Inc. $HD Stock Purchased by Markel Group Inc.

Markel Group Inc. boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 932,000 shares of the home improvement retailer’s stock after purchasing an additional 9,500 shares during the quarter. Home Depot accounts for about 2.1% of Markel Group Inc.’s holdings, making the stock its 12th biggest position. Markel Group Inc.’s holdings in Home Depot were worth $265,145,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HD. Parr Mcknight Wealth Management Group LLC grew its holdings in shares of Home Depot by 4.3% during the third quarter. Parr Mcknight Wealth Management Group LLC now owns 845 shares of the home improvement retailer’s stock valued at $240,000 after buying an additional 35 shares in the last quarter. Third View Private Wealth LLC raised its position in Home Depot by 3.2% during the third quarter. Third View Private Wealth LLC now owns 8,370 shares of the home improvement retailer’s stock valued at $2,381,000 after buying an additional 259 shares during the period. Provenance Wealth Advisors LLC raised its position in Home Depot by 520.1% during the third quarter. Provenance Wealth Advisors LLC now owns 7,510 shares of the home improvement retailer’s stock valued at $2,137,000 after buying an additional 6,299 shares during the period. Integras Partners LLC raised its position in Home Depot by 2.1% during the third quarter. Integras Partners LLC now owns 10,948 shares of the home improvement retailer’s stock valued at $3,115,000 after buying an additional 227 shares during the period. Finally, Associated Banc Corp purchased a new stake in Home Depot in the 3rd quarter worth about $6,149,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Price Performance

Shares of NYSE:HD opened at $333.49 on Wednesday. The firm has a market cap of $332.72 billion, a price-to-earnings ratio of 23.34, a P/E/G ratio of 2.43 and a beta of 0.93. The Home Depot, Inc. has a 1 year low of $277.15 and a 1 year high of $397.63. 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 business has a fifty day simple moving average of $308.48 and a 200 day simple moving average of $334.51.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS 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 for the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the previous year, the company posted $4.68 earnings per share. The business’s quarterly 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 predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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

Insider Transactions at Home Depot

In related news, EVP Michael Rowe sold 710 shares of the firm’s 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 transaction, the executive vice president owned 6,838 shares of the company’s stock, valued at approximately $2,302,764.88. This trade represents a 9.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard McPhail sold 5,989 shares of Home Depot stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the completion of the sale, the chief financial officer owned 48,104 shares of the company’s stock, valued at $16,759,433.60. This trade represents a 11.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 9,829 shares of company stock worth $3,339,314. Corporate insiders own 0.08% of the company’s stock.

Key Headlines Impacting Home Depot

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

Wall Street Analyst Weigh In

HD has been the subject of a number of research reports. DA Davidson restated a “buy” rating and set a $377.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. TD Cowen reiterated a “buy” rating on shares of Home Depot in a report on Monday, August 10th. Truist Financial increased their price target on shares of Home Depot from $369.00 to $373.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Royal Bank Of Canada reduced their price target on shares of Home Depot from $343.00 to $342.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 19th. Finally, Jefferies Financial Group restated a “buy” rating and set a $398.00 price target on shares of Home Depot in a report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $375.31.

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.