Horizon Investments LLC Has $21.82 Million Stock Holdings in The Home Depot, Inc. $HD

Key Points

• Horizon Investments LLC reduced its stake in The Home Depot by 14.5% in Q4, selling 10,761 shares and now holding 63,419 shares valued at $21.82 million.
• Home Depot beat Q4 expectations with $2.72 EPS and $38.2B revenue, set FY2026 EPS guidance of $14.230–$14.799, and carries a "Moderate Buy" analyst consensus with a $414.17 target.
• CFO Richard V. McPhail sold 2,550 shares in March (about $940,670) and the company raised its quarterly dividend to $2.33 (annualized $9.32, ~2.9% yield).

Horizon Investments LLC lessened its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 14.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 63,419 shares of the home improvement retailer's stock after selling 10,761 shares during the quarter. Horizon Investments LLC's holdings in Home Depot were worth $21,822,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Parvin Asset Management LLC increased its stake in shares of Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock worth $26,000 after purchasing an additional 33 shares during the last quarter. Key Capital Management INC acquired a new position in shares of Home Depot during the 4th quarter worth $28,000. Financially Speaking Inc acquired a new position in shares of Home Depot during the 3rd quarter worth $31,000. Disciplined Equity Management Inc. acquired a new position in shares of Home Depot during the 4th quarter worth $34,000. Finally, Family CFO Inc acquired a new position in shares of Home Depot during the 4th quarter worth $34,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Analyst Ratings Changes

HD has been the topic of a number of research analyst reports. TD Cowen reiterated a "buy" rating on shares of Home Depot in a research note on Thursday, March 12th. Robert W. Baird raised their target price on shares of Home Depot from $400.00 to $430.00 and gave the company an "outperform" rating in a research note on Tuesday, February 17th. Wall Street Zen upgraded shares of Home Depot from a "sell" rating to a "hold" rating in a research note on Saturday, March 21st. UBS Group reiterated an "outperform" rating on shares of Home Depot in a research note on Tuesday, March 24th. Finally, Sanford C. Bernstein raised their target price on shares of Home Depot from $381.00 to $390.00 and gave the company a "market perform" rating in a research note on Wednesday, February 25th. Twenty research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and a consensus target price of $414.17.

Insider Activity at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of the firm's stock in a transaction dated Wednesday, March 4th. The shares were 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 directly owned 44,566 shares of the company's stock, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.08% of the company's stock.

Home Depot Stock Performance

HD opened at $324.22 on Friday. The stock has a market cap of $322.93 billion, a PE ratio of 22.78, a P/E/G ratio of 3.59 and a beta of 1.09. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62. The Home Depot, Inc. has a 1 year low of $315.31 and a 1 year high of $426.75. The stock's 50 day simple moving average is $343.27 and its 200-day simple moving average is $359.36.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, topping analysts' consensus estimates of $2.52 by $0.20. The company had revenue of $38.20 billion during the quarter, compared to the consensus estimate of $38.01 billion. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The firm's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the firm earned $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 15.03 EPS for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were issued a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, March 12th. This is a positive change from Home Depot's previous quarterly dividend of $2.30. Home Depot's payout ratio is 65.50%.

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.

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD - Free Report).

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.