The Home Depot, Inc. $HD Stock Acquired by Griffith & Werner Inc.

Griffith & Werner Inc. increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 12.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,489 shares of the home improvement retailer’s stock after buying an additional 1,492 shares during the quarter. Home Depot accounts for approximately 1.2% of Griffith & Werner Inc.’s holdings, making the stock its 27th biggest position. Griffith & Werner Inc.’s holdings in Home Depot were worth $3,838,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of HD. BlackRock Inc. purchased a new stake in Home Depot in the 2nd quarter worth about $28,771,247,000. State Street Corp boosted its position in Home Depot by 1.1% during the 2nd quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer’s stock worth $16,637,688,000 after acquiring an additional 499,168 shares during the period. Bank of America Corp DE purchased a new position in Home Depot during the 2nd quarter valued at about $5,780,468,000. Bank of New York Mellon Corp purchased a new position in Home Depot during the 2nd quarter valued at about $2,777,396,000. Finally, Corient Private Wealth LP purchased a new position in Home Depot during the 2nd quarter valued at about $390,913,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

HD opened at $343.48 on Monday. The stock has a fifty day moving average price of $309.42 and a 200 day moving average price of $334.08. 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 $277.15 and a 1 year high of $397.63. The stock has a market cap of $342.69 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 2.44 and a beta of 0.93.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $47.24 billion. During the same period in the prior year, the firm posted $4.68 EPS. The business’s 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. Analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Mizuho increased their price target on shares of Home Depot from $385.00 to $390.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. UBS Group restated a “buy” rating on shares of Home Depot in a report on Thursday, September 17th. Stifel Nicolaus lowered their price objective on shares of Home Depot from $346.00 to $322.00 and set a “hold” rating on the stock in a research report on Monday, October 26th. Truist Financial upped their price objective on shares of Home Depot from $369.00 to $373.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Finally, Argus reiterated a “buy” rating and issued a $400.00 price objective on shares of Home Depot in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $375.31.

Insider Transactions at Home Depot

In related news, EVP Michael F. 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 V. Mcphail sold 5,989 shares of the firm’s 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 transaction, the chief financial officer directly owned 48,104 shares in the company, valued at approximately $16,759,433.60. The trade was a 11.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 9,829 shares of company stock worth $3,339,314. 0.08% of the stock is owned by corporate insiders.

Home Depot Company Profile

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.