The Home Depot, Inc. $HD Shares Purchased by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 27.5% in the third quarter, Holdings Channel.com reports. The firm owned 15,958 shares of the home improvement retailer’s stock after acquiring an additional 3,446 shares during the period. University of Texas Texas AM Investment Management Co.’s holdings in Home Depot were worth $4,540,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HD. BlackRock Inc. bought a new stake in shares of Home Depot in the second quarter valued at about $28,771,247,000. State Street Corp grew its holdings 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 in the last quarter. Bank of America Corp DE bought a new position in shares of Home Depot during the second quarter worth about $5,780,468,000. Bank of New York Mellon Corp bought a new position in shares of Home Depot during the second quarter worth about $2,777,396,000. Finally, Amundi raised its position in Home Depot by 26.4% in the 2nd quarter. Amundi now owns 7,339,614 shares of the home improvement retailer’s stock valued at $2,588,535,000 after buying an additional 1,533,276 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity

In other Home Depot news, CFO Richard McPhail sold 5,989 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the sale, the chief financial officer directly owned 48,104 shares of the company’s stock, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Michael Rowe sold 710 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the sale, the executive vice president owned 6,838 shares of the company’s stock, valued at approximately $2,302,764.88. This represents a 9.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,829 shares of company stock valued at $3,339,314 in the last ninety days. Corporate insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on HD. Wells Fargo & Company boosted their target price on Home Depot from $360.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Sanford C. Bernstein decreased their price target on shares of 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. KeyCorp reiterated a “sector weight” rating on shares of Home Depot in a report on Wednesday, August 19th. Mizuho boosted their price objective on shares of Home Depot from $385.00 to $390.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Finally, DA Davidson reissued a “buy” rating and issued a $377.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. One 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 issued a Sell rating to the stock. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $375.31.

Home Depot Stock Performance

Shares of NYSE HD opened at $343.48 on Monday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. The stock has a 50 day moving average price of $309.42 and a 200 day moving average price of $334.08. The stock has a market capitalization of $342.69 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 2.44 and a beta of 0.93. The Home Depot, Inc. has a 52 week low of $277.15 and a 52 week high of $397.63.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share 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 firm had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same quarter in the previous year, the firm earned $4.68 EPS. The business’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. Analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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