The Home Depot, Inc. $HD Stock: Carmel Capital Partners LLC Reduces Position

Carmel Capital Partners LLC lowered its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 8.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,324 shares of the home improvement retailer’s stock after selling 5,645 shares during the period. Home Depot comprises 6.6% of Carmel Capital Partners LLC’s portfolio, making the stock its 2nd largest holding. Carmel Capital Partners LLC’s holdings in Home Depot were worth $18,584,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Zeit Capital LLC purchased a new position in shares of Home Depot during the 2nd quarter worth approximately $26,000. Principia Wealth Advisory LLC raised its position in shares of Home Depot by 60.4% during the 2nd quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 32 shares during the last quarter. Navigoe LLC purchased a new stake in Home Depot in the 2nd quarter valued at approximately $32,000. Gould Capital LLC lifted its stake in 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 buying an additional 37 shares in the last quarter. Finally, Next Level Wealth Planning LLC acquired a new stake in Home Depot during the 3rd quarter valued at $28,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Kimberly R. Scardino sold 675 shares of the stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $305.95, for a total transaction of $206,516.25. Following the transaction, the chief accounting officer directly owned 8,189 shares in the company, valued at approximately $2,505,424.55. This represents a 7.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Roseborough sold 2,455 shares of the firm’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 completion of the sale, the executive vice president directly owned 14,061 shares in the company, valued at approximately $4,622,834.97. The trade was a 14.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 9,829 shares of company stock worth $3,339,314 in the last three months. Company insiders own 0.08% of the company’s stock.

Home Depot Trading Down 1.8%

NYSE HD traded down $6.46 during mid-day trading on Friday, reaching $343.48. 5,519,119 shares of the stock were exchanged, compared to its average volume of 4,736,680. The Home Depot, Inc. has a 1-year low of $277.15 and a 1-year high of $397.63. The business’s fifty day simple moving average is $309.42 and its 200 day simple moving average is $334.08. The stock has a market capitalization of $342.69 billion, a PE ratio of 24.04, a PEG ratio of 2.43 and a beta of 0.93. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping the consensus estimate of $4.73 by $0.19. The firm had revenue of $47.86 billion during the quarter, compared to analysts’ expectations of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. Home Depot’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were given a $2.33 dividend. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. Home Depot’s payout ratio is currently 65.22%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Sanford C. Bernstein dropped their price target on Home Depot from $354.00 to $344.00 and set a “market perform” rating for the company in a research report on Wednesday, September 9th. DA Davidson restated a “buy” rating and issued a $377.00 price objective 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 research note on Wednesday, August 19th. Royal Bank Of Canada decreased 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. Finally, Stifel Nicolaus dropped their price objective on Home Depot from $346.00 to $322.00 and set a “hold” rating for the company in a research report on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $375.31.

About Home Depot

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and other businesses. The company sells building materials, tools, hardware, appliances, paint, flooring, and products for home maintenance, repair and renovation, as well as lawn and garden supplies.

In addition to its retail stores and online channels, Home Depot offers services such as product delivery, equipment rental and home improvement installation. The company was founded in 1978 and is headquartered in Atlanta, Georgia.