Fideuram Asset Management Ireland dac Buys New Position in The Home Depot, Inc. $HD

Key Points

• Fideuram Asset Management Ireland dac initiated a new position in Home Depot, buying 28,762 shares valued at about $9.9 million in the fourth quarter.
• Institutional interest in Home Depot remains strong, with hedge funds and other institutional investors owning about 70.86% of the stock. Several firms increased their stakes, including Wellington Management, Vanguard, and Franklin Resources.
• Analysts have turned more cautious, with multiple firms cutting price targets, though the stock still carries a Moderate Buy consensus. Home Depot recently reported earnings and revenue slightly above expectations and announced a $2.33 quarterly dividend.

Fideuram Asset Management Ireland dac bought a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 28,762 shares of the home improvement retailer's stock, valued at approximately $9,897,000.

Several other hedge funds have also modified their holdings of HD. Wellington Management Group LLP raised its holdings in shares of Home Depot by 60.8% during the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer's stock valued at $4,109,878,000 after buying an additional 3,836,051 shares during the period. Vanguard Group Inc. raised its holdings in shares of Home Depot by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer's stock valued at $34,284,672,000 after buying an additional 1,325,748 shares during the period. Franklin Resources Inc. raised its holdings in shares of Home Depot by 37.6% during the 3rd quarter. Franklin Resources Inc. now owns 3,806,308 shares of the home improvement retailer's stock valued at $1,542,278,000 after buying an additional 1,040,577 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Home Depot by 215.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,248,615 shares of the home improvement retailer's stock valued at $429,648,000 after buying an additional 852,719 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of Home Depot during the 3rd quarter valued at about $284,893,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In related news, CFO Richard V. Mcphail sold 2,550 shares of the business's stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following the completion of the transaction, the chief financial officer owned 44,566 shares in the company, valued at $16,439,951.74. The trade was a 5.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.08% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently commented on HD. Citigroup dropped their target price on Home Depot from $450.00 to $400.00 and set a "buy" rating on the stock in a report on Tuesday, May 12th. Jefferies Financial Group lowered their price objective on Home Depot from $454.00 to $361.00 and set a "buy" rating for the company in a research note on Tuesday, May 19th. Stifel Nicolaus lowered their price objective on Home Depot from $375.00 to $320.00 and set a "hold" rating for the company in a research note on Monday, May 18th. Robert W. Baird lowered their price objective on Home Depot from $430.00 to $380.00 and set an "outperform" rating for the company in a research note on Wednesday, May 20th. Finally, Sanford C. Bernstein restated a "market perform" rating and set a $346.00 price objective on shares of Home Depot in a research note on Wednesday, May 20th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $371.39.

Home Depot Price Performance

Shares of HD opened at $321.34 on Friday. The firm has a market cap of $320.07 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 3.67 and a beta of 1.00. The stock has a 50 day moving average of $324.97 and a 200-day moving average of $349.99. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping the consensus estimate of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The company had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. During the same quarter last year, the firm earned $3.56 EPS. The business's revenue was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, analysts forecast that The Home Depot, Inc. will post 15.02 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be given a dividend of $2.33 per share. The ex-dividend date is Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a yield of 2.9%. Home Depot's payout ratio is currently 66.19%.

About Home Depot

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.

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