5,552 The Home Depot, Inc. $HD Shares Purchased by Welch Group LLC

Welch Group LLC boosted its stake in The Home Depot, Inc. (NYSE:HD) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,961 shares of the home improvement retailer’s stock after purchasing an additional 5,552 shares during the period. Home Depot makes up about 2.0% of Welch Group LLC’s investment portfolio, making the stock its 22nd biggest holding. Welch Group LLC’s holdings in Home Depot were worth $58,594,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Home Depot during the second quarter valued at approximately $28,771,247,000. State Street Corp boosted 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 valued at $16,637,688,000 after purchasing an additional 499,168 shares during the period. Bank of America Corp DE acquired a new stake in Home Depot during the 2nd quarter valued at $5,780,468,000. Bank of New York Mellon Corp acquired a new stake in Home Depot during the 2nd quarter valued at $2,777,396,000. Finally, Amundi increased its stake in Home Depot by 26.4% during the 2nd quarter. Amundi now owns 7,339,614 shares of the home improvement retailer’s stock worth $2,588,535,000 after buying an additional 1,533,276 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Roseborough sold 2,455 shares of the business’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 sale, the executive vice president directly owned 14,061 shares in the company, valued at approximately $4,622,834.97. The trade was a 14.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael F. Rowe sold 710 shares of the firm’s 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 completion of the sale, the executive vice president directly owned 6,838 shares in the company, valued at approximately $2,302,764.88. This represents a 9.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,829 shares of company stock worth $3,339,314 over the last quarter. Company insiders own 0.08% of the company’s stock.

Home Depot Stock Performance

Shares of HD opened at $329.31 on Monday. The firm’s 50 day moving average is $308.45 and its 200-day moving average is $334.91. The stock has a market capitalization of $328.55 billion, a P/E ratio of 23.04, a P/E/G ratio of 2.34 and a beta of 1.00. The Home Depot, Inc. has a 12-month low of $277.15 and a 12-month high of $397.63. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31.

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

Home Depot Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is presently 65.22%.

Wall Street Analyst Weigh In

Several research analysts recently commented on HD shares. Mizuho boosted their price target on Home Depot from $385.00 to $390.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. UBS Group restated a “buy” rating on shares of Home Depot in a report on Thursday, September 17th. Guggenheim restated a “buy” rating and set a $425.00 price objective on shares of Home Depot in a report on Wednesday, August 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Home Depot in a research report on Friday, October 2nd. Finally, DA Davidson reiterated a “buy” rating and set a $377.00 target price on shares of Home Depot in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $375.31.

About Home Depot

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.