National Pension Service Increases Holdings in The Home Depot, Inc. $HD

Key Points

• National Pension Service increased its stake in Home Depot by 3.4% in the fourth quarter, adding 71,286 shares to bring its total holdings to 2,137,562 shares worth about $735.5 million.
• Home Depot recently reported better-than-expected quarterly results, with EPS of $3.43 versus the $3.41 estimate and revenue of $41.77 billion, up 4.8% year over year.
• The company also announced a quarterly dividend of $2.33 per share, payable on June 18, implying an annualized yield of 2.9%.

National Pension Service boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,137,562 shares of the home improvement retailer's stock after purchasing an additional 71,286 shares during the period. Home Depot comprises approximately 0.5% of National Pension Service's holdings, making the stock its 27th largest holding. National Pension Service owned about 0.21% of Home Depot worth $735,535,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of HD. Parvin Asset Management LLC boosted its position in Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock valued at $26,000 after acquiring an additional 33 shares in the last quarter. Financially Speaking Inc bought a new stake in Home Depot during the 3rd quarter valued at approximately $31,000. Key Capital Management INC bought a new stake in Home Depot during the 4th quarter valued at approximately $28,000. Imprint Wealth LLC bought a new stake in Home Depot during the 3rd quarter valued at approximately $34,000. Finally, Navalign LLC bought a new stake in Home Depot during the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on HD shares. Zacks Research raised Home Depot from a "strong sell" rating to a "hold" rating in a research report on Monday, February 9th. Daiwa Securities Group lifted their price objective on Home Depot from $360.00 to $390.00 and gave the company a "neutral" rating in a research report on Thursday, February 26th. KeyCorp reaffirmed a "sector weight" rating on shares of Home Depot in a research report on Wednesday, February 25th. Wall Street Zen cut Home Depot from a "hold" rating to a "sell" rating in a research report on Monday. Finally, Oppenheimer cut their price objective on Home Depot from $405.00 to $310.00 and set a "market perform" rating on the stock in a research report on Monday, May 18th. Twenty investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $371.39.

Home Depot Stock Performance

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

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping analysts' consensus estimates of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm had revenue of $41.77 billion for the quarter, compared to analysts' expectations of $41.59 billion. During the same period in the previous year, the firm posted $3.56 EPS. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 15.02 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

Insiders Place Their Bets

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 shares were sold at an average price of $368.89, for a total value of $940,669.50. Following the completion of the transaction, the chief financial officer directly owned 44,566 shares in the company, valued at $16,439,951.74. The trade was a 5.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by insiders.

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.

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