The Home Depot, Inc. $HD Stock Acquired by Waycross Partners LLC

Waycross Partners LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 63.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 121,550 shares of the home improvement retailer’s stock after buying an additional 47,113 shares during the period. Home Depot accounts for approximately 2.7% of Waycross Partners LLC’s investment portfolio, making the stock its 16th biggest position. Waycross Partners LLC’s holdings in Home Depot were worth $34,580,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LightSquare Wealth Management LLC increased its position in Home Depot by 4.3% during the third quarter. LightSquare Wealth Management LLC now owns 1,256 shares of the home improvement retailer’s stock worth $357,000 after buying an additional 52 shares during the last quarter. Alps Advisors Inc. lifted its position in shares of Home Depot by 2.5% in the third quarter. Alps Advisors Inc. now owns 98,406 shares of the home improvement retailer’s stock valued at $27,996,000 after buying an additional 2,356 shares during the last quarter. CenterBook Partners LP acquired a new stake in shares of Home Depot in the third quarter valued at approximately $9,258,000. Asset One Wealth Management LLC lifted its position in shares of Home Depot by 7.3% in the third quarter. Asset One Wealth Management LLC now owns 17,089 shares of the home improvement retailer’s stock valued at $4,862,000 after buying an additional 1,157 shares during the last quarter. Finally, Allegiance Financial Group Advisory Services LLC boosted its stake in shares of Home Depot by 11.4% during the 3rd quarter. Allegiance Financial Group Advisory Services LLC now owns 1,751 shares of the home improvement retailer’s stock worth $498,000 after acquiring an additional 179 shares during the period. 70.86% of the stock is owned by institutional investors.

Insider Transactions at Home Depot

In other Home Depot news, CAO Kimberly Scardino sold 675 shares of the stock in a transaction 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 transaction, the chief accounting officer owned 8,189 shares in the company, valued at $2,505,424.55. This trade represents a 7.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Teresa Roseborough sold 2,455 shares of Home Depot stock in a transaction on Friday, August 28th. The stock was sold at an average price of $328.77, for a total value of $807,130.35. Following the sale, the executive vice president directly owned 14,061 shares of the company’s stock, valued at $4,622,834.97. This represents a 14.86% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 9,829 shares of company stock valued at $3,339,314. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of recent analyst reports. Jefferies Financial Group reissued a “buy” rating and set a $398.00 target price on shares of Home Depot in a report on Tuesday, August 18th. Argus reaffirmed a “buy” rating and set a $400.00 price target on shares of Home Depot in a report on Wednesday, August 19th. KeyCorp reaffirmed a “sector weight” rating on shares of Home Depot in a report on Wednesday, August 19th. Royal Bank Of Canada reduced their price objective 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. Finally, Wells Fargo & Company upped their price objective on shares of Home Depot from $360.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $375.31.

Home Depot Stock Performance

Shares of NYSE:HD traded down $6.46 during trading on Friday, reaching $343.48. 5,519,119 shares of the stock were exchanged, compared to its average volume of 4,736,680. The Home Depot, Inc. has a 12 month low of $277.15 and a 12 month high of $397.63. The firm has a market cap of $342.69 billion, a PE ratio of 24.04, a PEG ratio of 2.43 and a beta of 0.93. The stock has a 50-day moving average price of $309.42 and a 200-day moving average price of $334.08. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64.

Home Depot (NYSE:HD) last announced 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 company had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were issued a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot’s dividend payout ratio is currently 65.22%.

Home Depot Company Profile

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and other businesses. The company sells building materials, tools, hardware, appliances, paint, flooring, and products for home maintenance, repair and renovation, as well as lawn and garden supplies.

In addition to its retail stores and online channels, Home Depot offers services such as product delivery, equipment rental and home improvement installation. The company was founded in 1978 and is headquartered in Atlanta, Georgia.