Nykredit A S Takes $105.33 Million Position in The Home Depot, Inc. $HD

Key Points

• Nykredit A/S purchased 298,644 Home Depot shares during the second quarter, establishing a position valued at approximately $105.3 million. Institutional investors collectively own 70.86% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $375.18; ratings include 18 Buys, 13 Holds, and one Sell.
• Home Depot exceeded quarterly expectations with adjusted EPS of $4.92 and revenue of $47.86 billion, while paying a quarterly dividend of $2.33 per share, equivalent to a 3.1% annualized yield.

Nykredit A S bought a new position in The Home Depot, Inc. (NYSE:HD - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 298,644 shares of the home improvement retailer's stock, valued at approximately $105,326,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HD. BlackRock Inc. acquired a new position in Home Depot during the 2nd quarter valued at about $28,771,247,000. Geode Capital Management LLC raised its stake in shares of Home Depot by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer's stock worth $8,151,344,000 after purchasing an additional 343,153 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of Home Depot in the second quarter worth approximately $5,780,468,000. Norges Bank bought a new position in shares of Home Depot in the fourth quarter valued at approximately $4,850,329,000. Finally, Capital World Investors lifted its holdings in shares of Home Depot by 1.6% in the fourth quarter. Capital World Investors now owns 13,147,117 shares of the home improvement retailer's stock valued at $4,524,166,000 after purchasing an additional 201,694 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Insider Activity at Home Depot

In other Home Depot news, EVP Michael F. Rowe sold 710 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the transaction, the executive vice president directly owned 6,838 shares of the company's stock, valued at approximately $2,302,764.88. This represents a 9.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard V. Mcphail sold 5,989 shares of the firm's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total value of $2,086,567.60. Following the completion of the sale, the chief financial officer directly owned 48,104 shares of the company's stock, valued at $16,759,433.60. This represents a 11.07% 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 quarter. 0.08% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

HD has been the subject of several recent research reports. DA Davidson reiterated a "buy" rating and set a $377.00 price target on shares of Home Depot in a report on Wednesday, August 19th. Wolfe Research cut Home Depot from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, June 23rd. Guggenheim reaffirmed a "buy" rating and set a $425.00 price objective on shares of Home Depot in a report on Wednesday, August 19th. Stifel Nicolaus upped their target price on shares of Home Depot from $320.00 to $340.00 and gave the stock a "hold" rating in a research note on Monday, August 17th. Finally, Sanford C. Bernstein reduced their target price on shares of Home Depot from $354.00 to $344.00 and set a "market perform" rating for the company in a research note on Wednesday, September 9th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $375.18.

Home Depot Stock Up 0.1%

HD stock opened at $302.83 on Friday. The stock has a market cap of $302.13 billion, a P/E ratio of 21.19, a P/E/G ratio of 3.33 and a beta of 0.95. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The stock's fifty day simple moving average is $332.17 and its two-hundred day simple moving average is $331.53. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $421.39.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping analysts' consensus estimates of $4.73 by $0.19. The company had revenue of $47.86 billion for the quarter, compared to analysts' expectations of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The business's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts expect that The Home Depot, Inc. will post 15 EPS for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were given a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot's dividend payout ratio is currently 65.22%.

Home Depot Profile

The Home Depot, Inc is a home improvement retailer that sells building materials, appliances, decor, hardware, tools, paint, lawn and garden products, and related merchandise. The company serves do-it-yourself customers, professional contractors, homebuilders, and other commercial customers through its retail stores and digital platforms.

Home Depot also provides services such as equipment and tool rental, delivery, installation, and project support. Its professional-focused offerings include job-lot quantities, specialized products, credit services, and account support designed for contractors and other trade customers.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, the company is headquartered in Atlanta, Georgia.

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