Sawyer & Company Inc Purchases New Stake in The Home Depot, Inc. $HD

Sawyer & Company Inc acquired a new position in shares of The Home Depot, Inc. (NYSE:HD) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,445 shares of the home improvement retailer’s stock, valued at approximately $2,403,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Zeit Capital LLC bought a new stake in Home Depot during the second quarter valued at $26,000. Cache Advisors LLC bought a new position in shares of Home Depot in the 1st quarter worth about $27,000. Merkkuri Wealth Advisors LLC bought a new position in shares of Home Depot in the 1st quarter worth about $28,000. Principia Wealth Advisory LLC lifted its position in shares of Home Depot by 60.4% in the 2nd quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 32 shares during the last quarter. Finally, Networth Advisors LLC boosted its holdings in shares of Home Depot by 54.1% in the 1st quarter. Networth Advisors LLC now owns 94 shares of the home improvement retailer’s stock valued at $31,000 after buying an additional 33 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Home Depot crossed above a historically bullish trendline. Similar technical breakouts have historically preceded significant gains, while the stock had recently posted a six-session advance and remains near the $320 level. Blue-Chip Stock Just Crossed Over Historically Bullish Trendline
• Positive Sentiment: The stock previously outperformed the broader market, supported by investor interest in Home Depot’s professional-contractor strategy, acquisitions, and logistics network. Why Home Depot Outpaced the Stock Market Today
• Neutral Sentiment: Home Depot is becoming a larger distributor, combining 2,364 retail stores with more than 1,340 distribution locations. The broader network could capture more contractor spending, but its margins, capital needs, and returns may differ from the traditional retail model. Home Depot: Does Becoming a Bigger Distributor Change How the Stock Should Be Valued?
• Neutral Sentiment: Home Depot remains a widely watched and trending stock, although investor attention alone does not change the company’s fundamentals. Key factors include housing activity, renovation demand, earnings growth, and execution of its contractor-focused strategy. What to Know Beyond Why Home Depot Is a Trending Stock
• Negative Sentiment: The company is caught between a sluggish housing market and restrained large renovation projects. Weak housing turnover and affordability pressures could delay demand recovery, making investors cautious about paying a premium for Home Depot’s larger platform. Home Depot Stuck Between Two Fundamental Issues

Analyst Ratings Changes

HD has been the subject of a number of recent research reports. Truist Financial boosted their price objective on shares of Home Depot from $369.00 to $373.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Royal Bank Of Canada dropped their price objective on shares of 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. Stifel Nicolaus raised their target price on shares of Home Depot from $320.00 to $340.00 and gave the stock a “hold” rating in a report on Monday, August 17th. UBS Group restated a “buy” rating on shares of Home Depot in a research note on Thursday, September 17th. Finally, Mizuho lifted their target price on Home Depot from $385.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. One investment 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $375.93.

Home Depot Price Performance

Shares of NYSE HD opened at $313.82 on Thursday. 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 firm has a market capitalization of $313.10 billion, a PE ratio of 21.96, a P/E/G ratio of 2.24 and a beta of 1.00. 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 moving average price is $310.33 and its two-hundred day moving average price is $323.87.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating 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 company had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the previous year, the company posted $4.68 earnings per share. The company’s revenue for the quarter 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. On average, research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were issued a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is 65.22%.

Insider Activity

In related news, EVP Michael Rowe sold 710 shares of Home Depot stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total value of $239,099.60. Following the sale, the executive vice president directly owned 6,838 shares in the company, valued at $2,302,764.88. This trade represents a 9.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Kimberly Scardino sold 675 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were 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 of the company’s stock, valued at $2,505,424.55. The trade was a 7.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 9,829 shares of company stock valued at $3,339,314. 0.08% of the stock is owned by company insiders.

Home Depot Company Profile

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors, and other building and maintenance professionals. The company sells a broad selection of building materials, hardware, tools, appliances, paint, plumbing and electrical supplies, flooring, lighting, lawn and garden products, and home décor.

In addition to merchandise, Home Depot offers services such as product delivery, tool and equipment rental, credit services, and installation for selected products.