The Home Depot, Inc. $HD Position Lessened by Provident Trust Co.

Key Points

• Provident Trust Co. trimmed its stake in The Home Depot by 4.3% in Q4, selling 39,391 shares to hold 886,193 shares (~$305 million), which is about 5.1% of its portfolio and roughly 0.09% of HD outstanding.
• Analysts remain largely positive: MarketBeat shows a consensus rating of "Moderate Buy" with an average price target of $414.17, and several firms have recently raised their targets.
• Home Depot beat Q4 estimates (EPS $2.72 vs. $2.52; revenue $38.20B vs. $38.01B) though revenue was down 3.8% year-over-year, set FY2026 EPS guidance of 14.23–14.80, and raised its quarterly dividend to $2.33 (annualized $9.32, ~2.9% yield).

Provident Trust Co. trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 886,193 shares of the home improvement retailer's stock after selling 39,391 shares during the quarter. Home Depot accounts for about 5.1% of Provident Trust Co.'s portfolio, making the stock its 10th largest position. Provident Trust Co. owned approximately 0.09% of Home Depot worth $304,939,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in 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 worth $34,284,672,000 after buying an additional 1,325,748 shares during the last quarter. Capital Research Global Investors grew its stake in Home Depot by 0.3% during the 3rd quarter. Capital Research Global Investors now owns 11,400,133 shares of the home improvement retailer's stock worth $4,619,229,000 after buying an additional 30,739 shares during the last quarter. Wellington Management Group LLP grew its stake in 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 worth $4,109,878,000 after buying an additional 3,836,051 shares during the last quarter. Fisher Asset Management LLC grew its stake in Home Depot by 2.0% during 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 buying an additional 197,211 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in Home Depot by 1.9% during the 3rd quarter. Legal & General Group Plc now owns 6,181,165 shares of the home improvement retailer's stock worth $2,504,546,000 after buying an additional 116,875 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Guggenheim boosted their target price on Home Depot from $400.00 to $425.00 and gave the stock a "buy" rating in a research note on Wednesday, February 25th. Robert W. Baird lifted their price target on Home Depot from $400.00 to $430.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 17th. Royal Bank Of Canada lifted their price target on Home Depot from $363.00 to $377.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 25th. Gordon Haskett lifted their price target on Home Depot from $330.00 to $370.00 and gave the stock a "hold" rating in a research report on Wednesday, February 11th. Finally, BNP Paribas Exane lowered their price target on Home Depot from $391.00 to $348.00 and set a "neutral" rating for the company in a research report on Tuesday, March 24th. 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $414.17.

Home Depot Stock Performance

Shares of HD stock opened at $324.22 on Friday. The stock has a market cap of $322.93 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 3.54 and a beta of 1.00. The business has a 50-day simple moving average of $343.27 and a 200-day simple moving average of $359.22. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62. 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 issued its quarterly earnings data on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.20. The business had revenue of $38.20 billion during the quarter, compared to analysts' expectations of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The company's revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 15.03 EPS for the current year.

Home Depot Increases Dividend

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

Insider Activity

In other news, CFO Richard V. Mcphail sold 2,550 shares of the business's 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 completion of the transaction, the chief financial officer owned 44,566 shares of the company's stock, valued at $16,439,951.74. The trade was a 5.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.08% of the stock is currently owned by company insiders.

Home Depot 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.