Keybank National Association OH Sells 10,424 Shares of The Home Depot, Inc. $HD

Keybank National Association OH trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 399,980 shares of the home improvement retailer’s stock after selling 10,424 shares during the period. Keybank National Association OH’s holdings in Home Depot were worth $113,790,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Home Depot in the second quarter worth approximately $28,771,247,000. Bank of America Corp DE acquired a new stake in Home Depot in the second quarter valued at approximately $5,780,468,000. Bank of New York Mellon Corp acquired a new stake in Home Depot in the second quarter valued at approximately $2,777,396,000. Corient Private Wealth LP acquired a new stake in Home Depot in the second quarter valued at approximately $390,913,000. Finally, Legal & General Group Plc acquired a new stake in Home Depot in the second quarter valued at approximately $1,953,883,000. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

HD has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Home Depot in a research report on Friday, October 2nd. Guggenheim restated a “buy” rating and set a $425.00 price target on shares of Home Depot in a report on Wednesday, August 19th. Wells Fargo & Company raised their price target on shares of Home Depot from $360.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. KeyCorp reaffirmed a “sector weight” rating on shares of Home Depot in a research note on Wednesday, August 19th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $398.00 price objective on shares of Home Depot in a report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $375.90.

Insider Buying and Selling

In other news, EVP Teresa Roseborough sold 2,455 shares of the business’s stock in a transaction on Friday, August 28th. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Richard V. Mcphail sold 5,989 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the sale, the chief financial officer directly owned 48,104 shares of the company’s stock, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 9,829 shares of company stock worth $3,339,314. 0.08% of the stock is currently owned by company insiders.

Home Depot Stock Performance

Shares of NYSE HD opened at $351.09 on Wednesday. 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 firm has a market cap of $350.28 billion, a price-to-earnings ratio of 24.57, a P/E/G ratio of 2.51 and a beta of 0.93. The business’s 50-day simple moving average is $310.35 and its 200-day simple moving average is $333.77. The Home Depot, Inc. has a 52 week low of $277.15 and a 52 week high of $397.63.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share 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 business had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same period last year, the business earned $4.68 EPS. The firm’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. As a group, equities research analysts expect 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 declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were issued a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.7%. The ex-dividend date was Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is 65.22%.

Home Depot News Summary

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

• Positive Sentiment: Home Depot’s reported 1.7% comparable-sales growth, strong professional-customer demand and digital gains suggest the business is holding up despite uneven conditions. Can Home Depot Sustain Comparable Sales Growth Amid Uneven Demand?
• Positive Sentiment: Analyst expectations for earnings growth and a possible upcoming earnings beat could support investor sentiment ahead of the company’s report. Home Depot Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: JPMorgan raised its price target to $400 and kept an Overweight rating, signaling a more optimistic view of HD’s potential. JPMorgan price-target update
• Neutral Sentiment: Bernstein increased its target to $357 but maintained a Market Perform rating, suggesting limited near-term conviction despite the higher estimate. Bernstein price-target update
• Negative Sentiment: Housing-market pressures and weak transactions remain key risks. One analysis says transactions need to turn positive for a stronger case, tempering the positive signals from comps and Pro demand. Home Depot: Hold Into Q3 Earnings, Transactions Must Turn Positive

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.