Farther Finance Advisors LLC Acquires 7,909 Shares of The Home Depot, Inc. $HD

Key Points

• Farther Finance Advisors LLC increased its stake in The Home Depot by 20.7% in Q4, buying 7,909 shares to hold 46,207 shares valued at about $15.9 million.
• Home Depot beat Q4 EPS estimates ($2.72 vs. $2.52) on $38.2 billion in revenue and set FY2026 guidance of $14.23–$14.80 EPS, while analysts project $15.13 and the consensus price target is $414.17 (consensus rating: Moderate Buy).
• The company raised its quarterly dividend to $2.33 (annualized $9.32, yield 2.7%), while insiders own 0.10%—notably CFO Richard McPhail sold 2,550 shares (a 5.41% reduction)—and institutional investors hold roughly 70.86% of the stock.

Farther Finance Advisors LLC lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 20.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,207 shares of the home improvement retailer's stock after buying an additional 7,909 shares during the quarter. Farther Finance Advisors LLC's holdings in Home Depot were worth $15,900,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in Home Depot by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 98,310,031 shares of the home improvement retailer's stock worth $39,834,241,000 after acquiring an additional 331,217 shares during the period. Capital Research Global Investors lifted its stake in shares of Home Depot by 0.3% in the 3rd quarter. Capital Research Global Investors now owns 11,400,133 shares of the home improvement retailer's stock valued at $4,619,229,000 after purchasing an additional 30,739 shares during the period. Wellington Management Group LLP boosted its position in shares of Home Depot by 60.8% in the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer's stock worth $4,109,878,000 after purchasing an additional 3,836,051 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of Home Depot by 2.0% in the 3rd quarter. Fisher Asset Management LLC now owns 10,130,293 shares of the home improvement retailer's stock worth $4,104,694,000 after purchasing an additional 197,211 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Home Depot by 1.9% during the third quarter. Legal & General Group Plc now owns 6,181,165 shares of the home improvement retailer's stock worth $2,504,546,000 after purchasing an additional 116,875 shares during the period. 70.86% of the stock is owned by institutional investors.

Insider Transactions at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total value of $940,669.50. Following the sale, the chief financial officer owned 44,566 shares of the company's stock, valued at $16,439,951.74. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Piper Sandler cut their target price on Home Depot from $441.00 to $422.00 and set an "overweight" rating on the stock in a research note on Monday, February 23rd. Truist Financial set a $424.00 price target on Home Depot in a research note on Tuesday, February 24th. Jefferies Financial Group increased their price target on shares of Home Depot from $424.00 to $454.00 and gave the company a "buy" rating in a research report on Tuesday, February 24th. Morgan Stanley boosted their price objective on shares of Home Depot from $412.00 to $420.00 and gave the company an "overweight" rating in a report on Wednesday, February 25th. Finally, The Goldman Sachs Group lowered their target price on shares of Home Depot from $413.00 to $409.00 in a research note on Wednesday, February 25th. Twenty research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Home Depot presently has a consensus rating of "Moderate Buy" and a consensus price target of $414.17.

Home Depot Price Performance

NYSE HD opened at $342.74 on Wednesday. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.26 and a current ratio of 1.06. The stock has a market cap of $341.38 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 3.73 and a beta of 1.09. The business has a 50 day simple moving average of $354.91 and a 200 day simple moving average of $363.46. The Home Depot, Inc. has a 52-week low of $315.31 and a 52-week high of $426.75.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, beating analysts' consensus estimates of $2.52 by $0.20. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The firm had revenue of $38.20 billion for the quarter, compared to analyst estimates of $38.01 billion. During the same quarter in the previous year, the firm posted $3.13 earnings per share. The business's revenue was down 3.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were issued a dividend of $2.33 per share. This is a boost from Home Depot's previous quarterly dividend of $2.30. The ex-dividend date was Thursday, March 12th. This represents a $9.32 dividend on an annualized basis and a yield of 2.7%. Home Depot's dividend payout ratio is currently 65.50%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.