The Home Depot, Inc. $HD Stock Bought by Kinsale Capital Group Inc.

Kinsale Capital Group Inc. lifted its position in The Home Depot, Inc. (NYSE:HD) by 45.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,785 shares of the home improvement retailer’s stock after acquiring an additional 17,409 shares during the period. Home Depot makes up approximately 2.1% of Kinsale Capital Group Inc.’s holdings, making the stock its 14th biggest holding. Kinsale Capital Group Inc.’s holdings in Home Depot were worth $15,870,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in Home Depot in the second quarter valued at approximately $28,771,247,000. State Street Corp boosted its position 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 purchasing 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 $5,780,468,000. Bank of New York Mellon Corp acquired a new position in shares of Home Depot in the 2nd quarter valued at $2,777,396,000. Finally, Corient Private Wealth LP acquired a new position in shares of Home Depot in the 2nd quarter valued at $390,913,000. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on HD shares. Sanford C. Bernstein lowered their price objective on shares of Home Depot from $354.00 to $344.00 and set a “market perform” rating for the company in a research report on Wednesday, September 9th. KeyCorp reiterated a “sector weight” rating on shares of Home Depot in a report on Wednesday, August 19th. Royal Bank Of Canada decreased their target price on Home Depot from $343.00 to $342.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 19th. Argus restated a “buy” rating and issued a $400.00 price target on shares of Home Depot in a report on Wednesday, August 19th. Finally, JPMorgan Chase & Co. increased their price target on Home Depot from $396.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday. One investment 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 assigned a Sell rating to the company. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $375.45.

Insider Transactions at Home Depot

In other news, EVP Teresa Roseborough sold 2,455 shares of the company’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $328.77, for a total transaction of $807,130.35. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Rowe sold 710 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total value of $239,099.60. Following the transaction, the executive vice president 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 9,829 shares of company stock valued at $3,339,314 over the last three months. 0.08% of the stock is currently owned by corporate insiders.

Trending Headlines about Home Depot

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

• Positive Sentiment: JPMorgan raised its price target to $400 from $396 and maintained an “overweight” rating, implying potential upside from the share price cited in the report. JPMorgan rating information
• Positive Sentiment: HD rose in the latest trading session and outperformed the broader market, according to reports. Home Depot rises higher than market
• Neutral Sentiment: Analysts remain cautiously optimistic about Home Depot’s outlook despite the stock’s underperformance relative to the broader market over the past year. Home Depot analyst estimates and ratings
• Negative Sentiment: A housing slowdown, costly debt and a high valuation are cited as challenges, while the stock’s lack of progress over the past five years may weigh on investor confidence. Home Depot’s long-term shareholder returns and challenges

Home Depot Trading Up 3.0%

Shares of NYSE:HD opened at $353.77 on Tuesday. The firm has a market cap of $352.95 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 2.53 and a beta of 0.93. The Home Depot, Inc. has a 12 month low of $277.15 and a 12 month high of $397.63. The company’s fifty day simple moving average is $309.90 and its 200 day simple moving average is $333.92. The company has a quick ratio of 0.31, a current ratio of 1.08 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 firm had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were issued a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Thursday, September 3rd. Home Depot’s payout ratio 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.