46,098 The Home Depot, Inc. $HD Shares Purchased by Candriam S.C.A.

Candriam S.C.A. raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 12.1% in the third quarter, HoldingsChannel reports. The firm owned 425,924 shares of the home improvement retailer’s stock after acquiring an additional 46,098 shares during the period. Candriam S.C.A.’s holdings in Home Depot were worth $121,614,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. BlackRock Inc. bought a new stake in Home Depot during the 2nd quarter valued at $28,771,247,000. State Street Corp lifted its stake in shares of Home Depot by 1.1% during 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 buying an additional 499,168 shares during the period. Bank of America Corp DE acquired a new position in shares of Home Depot in the 2nd quarter valued at $5,780,468,000. Bank of New York Mellon Corp purchased a new position in shares of Home Depot in the second quarter worth about $2,777,396,000. Finally, Corient Private Wealth LP purchased a new position in Home Depot during the 2nd quarter worth approximately $390,913,000. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on HD. TD Cowen reaffirmed a “buy” rating on shares of Home Depot in a report on Monday, August 10th. Truist Financial raised their price objective on Home Depot from $369.00 to $373.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Argus reaffirmed a “buy” rating and issued a $400.00 target price on shares of Home Depot in a research note on Wednesday, August 19th. Sanford C. Bernstein reduced their price target on shares of Home Depot from $354.00 to $344.00 and set a “market perform” rating on the stock in a research note on Wednesday, September 9th. Finally, DA Davidson restated a “buy” rating and set a $377.00 price target on shares of Home Depot in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $375.31.

Insider Activity

In other Home Depot news, EVP Michael Rowe sold 710 shares of the business’s stock in a transaction 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 directly owned 6,838 shares of the company’s stock, valued at approximately $2,302,764.88. The trade was a 9.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Richard McPhail sold 5,989 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the transaction, the chief financial officer directly owned 48,104 shares of the company’s stock, valued at $16,759,433.60. This represents a 11.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 9,829 shares of company stock valued at $3,339,314. Corporate insiders own 0.08% of the company’s stock.

Home Depot Price Performance

HD stock opened at $343.48 on Friday. The stock has a market cap of $342.69 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 2.44 and a beta of 0.93. The Home Depot, Inc. has a fifty-two week low of $277.15 and a fifty-two week high of $397.63. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The business has a 50 day moving average price of $309.42 and a 200 day moving average price of $334.08.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) 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 company had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the prior year, the firm posted $4.68 earnings per share. Home Depot’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. Equities research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were paid a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is 65.22%.

Home Depot 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.