Northcape Wealth Management LLC Takes $2.80 Million Position in The Home Depot, Inc. $HD

Northcape Wealth Management LLC purchased a new position in shares of The Home Depot, Inc. (NYSE:HD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,942 shares of the home improvement retailer’s stock, valued at approximately $2,801,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Advocate Investing Services LLC purchased a new position in shares of Home Depot during the 4th quarter worth approximately $25,000. Zeit Capital LLC purchased a new stake in shares of Home Depot in the second quarter valued at approximately $26,000. Parvin Asset Management LLC grew its holdings in Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 33 shares during the period. Cache Advisors LLC acquired a new position in Home Depot during the first quarter worth $27,000. Finally, Merkkuri Wealth Advisors LLC purchased a new position in Home Depot in the first quarter worth $28,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

Home Depot stock opened at $334.97 on Thursday. The firm has a market capitalization of $334.01 billion, a PE ratio of 23.44, a P/E/G ratio of 3.72 and a beta of 0.95. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. The firm’s 50-day simple moving average is $341.18 and its 200 day simple moving average is $339.21. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64.

Home Depot (NYSE:HD) last posted its 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. 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 during the quarter, compared to the consensus estimate of $47.24 billion. During the same period last year, the firm posted $4.68 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities research analysts predict that The Home Depot, Inc. will post 14.99 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, September 3rd. Home Depot’s payout ratio is currently 65.22%.

Analyst Ratings Changes

Several equities research analysts have commented on HD shares. Morgan Stanley decreased their target price on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Wolfe Research cut shares of Home Depot from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. BNP Paribas Exane lowered their target price on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. Finally, Royal Bank Of Canada reduced their price target on shares of Home Depot from $343.00 to $342.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 19th. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $375.54.

Insider Transactions at Home Depot

In related news, CFO Richard V. Mcphail sold 5,989 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer owned 48,104 shares of the company’s stock, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.08% of the company’s stock.

Trending Headlines about Home Depot

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

• Positive Sentiment: Home Depot reported fiscal second-quarter revenue of $47.86 billion, up 5.7% year over year and ahead of consensus estimates. Adjusted diluted EPS of $4.92 also exceeded the $4.73 analyst expectation. Home Depot Beat Q2 Estimates
• Positive Sentiment: A nationwide three-hour delivery service could help HD compete with Walmart and Target for e-commerce orders, improve convenience and support sales of home-improvement products. Home Depot Three-Hour Delivery
• Positive Sentiment: Analysts and investor-focused commentary continue to highlight Home Depot’s 17-year dividend growth streak and long-term shareholder returns, offering support while investors wait for housing conditions to improve. Home Depot Dividend Streak

Home Depot Company Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.