7,449 The Home Depot, Inc. $HD Shares Sold by Channel Wealth LLC

Channel Wealth LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 75.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,389 shares of the home improvement retailer’s stock after selling 7,449 shares during the period. Channel Wealth LLC’s holdings in Home Depot were worth $680,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of HD. Winning Points Advisors LLC raised its position in shares of Home Depot by 1.0% in the 2nd quarter. Winning Points Advisors LLC now owns 2,891 shares of the home improvement retailer’s stock worth $1,020,000 after acquiring an additional 30 shares in the last quarter. Beaird Harris Wealth Management LLC lifted its stake in shares of Home Depot by 1.6% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 1,945 shares of the home improvement retailer’s stock worth $686,000 after purchasing an additional 31 shares during the last quarter. Family Capital Management Inc. lifted its stake in shares of Home Depot by 3.4% during the 3rd quarter. Family Capital Management Inc. now owns 949 shares of the home improvement retailer’s stock worth $270,000 after purchasing an additional 31 shares during the last quarter. Poehling Capital Management INC. boosted its position in Home Depot by 3.1% during the second quarter. Poehling Capital Management INC. now owns 1,054 shares of the home improvement retailer’s stock valued at $372,000 after purchasing an additional 32 shares in the last quarter. Finally, Cornerstone Wealth Management LLC boosted its position in Home Depot by 0.3% during the second quarter. Cornerstone Wealth Management LLC now owns 11,140 shares of the home improvement retailer’s stock valued at $3,929,000 after purchasing an additional 32 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $348.81 on Friday. The firm has a market capitalization of $348.01 billion, a price-to-earnings ratio of 24.41, a price-to-earnings-growth ratio of 2.58 and a beta of 0.93. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31. The business has a fifty day moving average of $312.19 and a 200 day moving average of $333.26. The Home Depot, Inc. has a 1 year low of $277.15 and a 1 year high of $397.63.

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

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were paid a dividend of $2.33 per share. The ex-dividend date was Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. Home Depot’s dividend payout ratio (DPR) is presently 65.22%.

More Home Depot News

These are some of the HD news items that stood out recently:

• Positive Sentiment: Articles point to growth in Home Depot’s Pro business and digital sales, along with ongoing investments, as potential drivers of sales and earnings. Some analysts also see potential for an earnings beat. Home Depot Stock Rallies 20% in a Month: Is It Still a Buy?
• Neutral Sentiment: Home Depot is scheduled to report Q3 results next week. Analysts expect sales and profit growth, making the results and outlook important catalysts; the report has not yet been released. Home Depot Pre-Q3 Earnings: Should You Buy or Stay Cautious?
• Negative Sentiment: Housing-market weakness could restrain home-improvement demand, while cost and margin pressures may weigh on results. Commentary also cautions that HD’s valuation looks demanding after its recent rally, potentially limiting further upside if results disappoint. Buy Home Depot or Lowe’s Stock Ahead of Much-Anticipated Q3 Results?

Insider Buying and Selling

In related news, EVP Michael F. Rowe sold 710 shares of Home Depot 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 completion of the transaction, the executive vice president directly owned 6,838 shares in the company, 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 can be accessed through this hyperlink. Also, CAO Kimberly R. Scardino sold 675 shares of the business’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 value of $206,516.25. Following the completion of the transaction, the chief accounting officer directly owned 8,189 shares of the company’s stock, valued at $2,505,424.55. The trade was a 7.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 9,829 shares of company stock worth $3,339,314. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. UBS Group reiterated a “buy” rating on shares of Home Depot in a research note on Thursday, September 17th. Sanford C. Bernstein increased their price target on shares of Home Depot from $344.00 to $357.00 and gave the company a “market perform” rating in a research report on Tuesday. Melius Research set a $397.00 price target on shares of Home Depot in a research report on Tuesday, October 6th. Stifel Nicolaus lowered their price target on shares of Home Depot from $346.00 to $322.00 and set a “hold” rating on the stock in a report on Monday, October 26th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $377.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. One equities research 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 assigned a Sell rating to the company. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $375.90.

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.