The Home Depot, Inc. $HD Stock Purchased by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 31.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,670 shares of the home improvement retailer’s stock after acquiring an additional 1,851 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Home Depot were worth $2,182,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Home Depot in the second quarter worth approximately $28,771,247,000. State Street Corp increased 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 in the last quarter. Bank of America Corp DE purchased a new stake in shares of Home Depot in the second quarter worth $5,780,468,000. Bank of New York Mellon Corp bought a new stake in shares of Home Depot during the 2nd quarter valued at $2,777,396,000. Finally, Amundi raised its position in shares of Home Depot by 26.4% during the 2nd quarter. Amundi now owns 7,339,614 shares of the home improvement retailer’s stock valued at $2,588,535,000 after purchasing an additional 1,533,276 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Up 0.1%

Home Depot stock opened at $329.31 on Friday. The stock has a market cap of $328.55 billion, a P/E ratio of 23.04, a PEG ratio of 2.34 and a beta of 1.00. 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 Home Depot, Inc. has a 1 year low of $277.15 and a 1 year high of $397.63. The firm’s 50 day moving average price is $308.45 and its 200-day moving average price is $334.91.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, topping analysts’ consensus estimates of $4.73 by $0.19. The firm had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. Home Depot’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal 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 issued 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 of this dividend was Thursday, September 3rd. Home Depot’s dividend payout ratio is 65.22%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HD shares. Mizuho lifted their target price on shares of Home Depot from $385.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Home Depot in a research note on Friday, October 2nd. Sanford C. Bernstein cut their price target on Home Depot from $354.00 to $344.00 and set a “market perform” rating for the company in a research note on Wednesday, September 9th. Royal Bank Of Canada decreased their price target on Home Depot from $343.00 to $342.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 19th. Finally, Melius Research set a $397.00 price objective on Home Depot in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $375.31.

Insider Transactions at Home Depot

In related news, CAO Kimberly R. Scardino sold 675 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $305.95, for a total transaction 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 approximately $2,505,424.55. This represents a 7.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael F. Rowe sold 710 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total value of $239,099.60. Following the transaction, the executive vice president owned 6,838 shares of the company’s stock, valued at $2,302,764.88. This represents a 9.41% decrease in their position. The SEC filing for this sale provides additional information. 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.

Trending Headlines about Home Depot

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

• Positive Sentiment: Steady demand for smaller home-improvement projects and continued digital gains are helping sustain Home Depot’s sales growth despite pressure on larger renovations. This suggests consumers are still spending on maintenance and affordable upgrades. Are Smaller Home Projects Sustaining Home Depot’s Sales Growth?
• Positive Sentiment: One analysis identifies HD as a potential long-term stock, supporting the bullish case based on the company’s scale, established brand, cash generation, and ability to benefit when housing and renovation activity recover. Why Home Depot Is a Top Stock for the Long-Term
• Positive Sentiment: Coverage of dividend-focused blue-chip investments highlights Home Depot’s long history of returning cash to shareholders. Its dividend may appeal to investors seeking income while waiting for a broader housing and remodeling recovery. $300,000 in Home Depot, IBM and McDonald’s Could Pay Over $8,500 a Year
• Neutral Sentiment: A comparison with Somnigroup International asks whether SGI or HD offers better value. The article is primarily a relative-valuation discussion rather than a new company-specific catalyst, so its effect on HD is likely limited. SGI vs. HD: Which Stock Is the Better Value Option?
• Negative Sentiment: Another analysis argues that HD’s valuation may be demanding after its roughly 20% three-year gain, raising concern that the share price could already reflect much of the expected future cash flow. Home Depot Stock Looks Overvalued After Its Three-Year Run
• Negative Sentiment: Commentary on a delayed macroeconomic recovery presents HD as a potential dip-buying opportunity, but also signals that high interest rates, weaker housing activity, and postponed major renovations may continue to restrain near-term results. Home Depot: Delayed Macro Recovery Triggers Dip Buying Opportunity and Richer Yields

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.