The Home Depot, Inc. $HD Shares Newly Bought by Machina Capital S.A.S.

Machina Capital S.A.S. purchased a new stake in The Home Depot, Inc. (NYSE:HD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 18,810 shares of the home improvement retailer’s stock, valued at approximately $5,351,000. Home Depot makes up about 0.7% of Machina Capital S.A.S.’s portfolio, making the stock its 20th biggest holding.

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

Home Depot News Roundup

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

• Positive Sentiment: Bank of America Securities maintained its Buy rating on HD, signaling continued confidence in the shares. Bank of America Securities Sticks to Their Buy Rating for Home Depot
• Neutral Sentiment: Bernstein raised its price target from $344 to $357 but kept a Market Perform rating, suggesting a modestly improved valuation view without a bullish change in recommendation. Bernstein price-target update
• Negative Sentiment: Elevated mortgage rates, sluggish housing activity and weak customer transactions cloud the sales outlook; an earnings analysis argues transactions need to turn positive to sustain the investment case. Comparable-sales outlook Home Depot: Hold Into Q3 Earnings, Transactions Must Turn Positive

Home Depot Trading Up 0.1%

Shares of HD stock opened at $351.36 on Thursday. 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 company has a market capitalization of $350.55 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 2.50 and a beta of 0.93. The Home Depot, Inc. has a 52-week low of $277.15 and a 52-week high of $397.63. The company has a 50-day simple moving average of $310.98 and a two-hundred day simple moving average of $333.61.

Home Depot (NYSE:HD) last posted 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. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm had revenue of $47.86 billion for the quarter, compared to analysts’ expectations of $47.24 billion. During the same quarter last year, the firm earned $4.68 EPS. The company’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. Research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Melius Research set a $397.00 target price on Home Depot in a research report on Tuesday, October 6th. JPMorgan Chase & Co. upped their price target on Home Depot from $396.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday. Mizuho increased their price target on Home Depot from $385.00 to $390.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Jefferies Financial Group restated a “buy” rating and set a $398.00 price objective on shares of Home Depot in a research note on Tuesday, August 18th. Finally, Sanford C. Bernstein lifted their price objective on shares of Home Depot from $344.00 to $357.00 and gave the stock a “market perform” rating in a report on Tuesday. 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. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $375.90.

Insiders Place Their Bets

In other Home Depot news, 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 value of $2,086,567.60. Following the completion of the transaction, the chief financial officer owned 48,104 shares in the company, valued at $16,759,433.60. This represents a 11.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Roseborough sold 2,455 shares of the company’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 transaction, the executive vice president owned 14,061 shares of the company’s stock, valued at $4,622,834.97. This trade represents a 14.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 9,829 shares of company stock valued at $3,339,314. Insiders own 0.08% of the company’s stock.

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.