Orca Investment Management LLC Acquires New Stake in The Home Depot, Inc. $HD

Orca Investment Management LLC bought a new position in The Home Depot, Inc. (NYSE:HD) during the second quarter, HoldingsChannel.com reports. The fund bought 4,489 shares of the home improvement retailer’s stock, valued at approximately $1,583,000. Home Depot accounts for 1.1% of Orca Investment Management LLC’s portfolio, making the stock its 28th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advocate Investing Services LLC bought a new position in Home Depot in the 4th quarter worth about $25,000. Parvin Asset Management LLC raised its stake in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after acquiring an additional 33 shares in the last quarter. Cache Advisors LLC bought a new stake in shares of Home Depot during the first quarter valued at approximately $27,000. Merkkuri Wealth Advisors LLC purchased a new stake in shares of Home Depot in the first quarter valued at approximately $28,000. Finally, Abound Financial LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at approximately $29,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on HD shares. Argus reissued a “buy” rating and issued a $400.00 price objective on shares of Home Depot in a research note on Wednesday. Wolfe Research cut Home Depot from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 23rd. Wells Fargo & Company increased their price target on Home Depot from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. DA Davidson reissued a “buy” rating and set a $377.00 price target on shares of Home Depot in a research report on Wednesday. Finally, Royal Bank Of Canada cut their price target on Home Depot from $343.00 to $342.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $375.54.

Insider Activity at Home Depot

In other news, CFO Richard V. Mcphail sold 5,989 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total value of $2,086,567.60. Following the sale, the chief financial officer directly owned 48,104 shares in the company, valued at approximately $16,759,433.60. This trade represents a 11.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.08% of the company’s stock.

Home Depot Trading Up 0.5%

HD opened at $336.04 on Friday. The firm has a market cap of $335.07 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 3.68 and a beta of 0.95. The company has a current ratio of 1.08, a quick ratio of 0.28 and a debt-to-equity ratio of 2.64. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The stock has a fifty day moving average price of $340.86 and a 200-day moving average price of $340.46.

Home Depot (NYSE:HD) last issued its quarterly earnings data 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. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The firm had revenue of $47.86 billion during the quarter, compared to analysts’ expectations of $47.24 billion. During the same period in the prior year, the business posted $4.68 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 14.99 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders 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 of this dividend is Thursday, September 3rd. Home Depot’s dividend payout ratio is presently 65.22%.

Home Depot News Roundup

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

• Positive Sentiment: Home Depot’s latest quarter showed solid execution: earnings and revenue exceeded consensus estimates, while sales increased year over year. Bank of America characterized the results as resilient despite a difficult housing backdrop. Home Depot Q2 results analysis
• Positive Sentiment: The board declared a quarterly dividend of $2.33 per share, payable September 17 to shareholders of record September 3. The annualized payout implies a yield of approximately 2.8%, supporting the stock’s income appeal. Home Depot declares quarterly dividend
• Positive Sentiment: DA Davidson, Argus and Guggenheim reiterated or assigned “Buy” ratings, indicating continued confidence in Home Depot’s long-term positioning. The company is also expanding nationwide express delivery to make smaller projects more convenient for cautious consumers. DA Davidson buy rating Home Depot expands express delivery
• Neutral Sentiment: Royal Bank of Canada lowered its price target to $342, while KeyCorp maintained a Sector Weight rating. The mixed recommendations suggest limited near-term upside despite the earnings beat. RBC lowers Home Depot price target
• Neutral Sentiment: Home Depot expanded executive responsibilities and awarded restricted stock, changes intended to support leadership continuity but with no immediate earnings impact. Home Depot executive changes
• Negative Sentiment: Reports highlight margin pressure and an uphill sales environment as customers delay or reduce spending on major renovations. This could constrain comparable sales and profitability even after the recent quarterly beat. Home Depot margin pressure Home Depot customer spending concerns
• Negative Sentiment: CFO Richard McPhail sold 5,989 shares worth approximately $2.1 million, reducing his position by 11.1%. While insider sales do not necessarily signal deteriorating fundamentals, the transaction may weigh modestly on sentiment. Home Depot CFO stock sale

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.