The Home Depot, Inc. $HD Shares Bought by Intact Investment Management Inc.

Key Points

• Intact Investment Management raised its stake in The Home Depot by 35.4% in Q4 to 57,800 shares worth about $19.89 million, with institutional investors owning roughly 70.86% of the stock.
• Home Depot topped quarterly estimates with EPS $2.72 (vs. $2.52 expected) and revenue of $38.20B (down 3.8% YoY but slightly above forecasts); it set FY2026 guidance of 14.230–14.799 EPS and carries a MarketBeat consensus rating of "Moderate Buy" with a $414.17 target.
• CFO Richard V. McPhail sold 2,550 shares (reducing his stake by 5.41%), and the company increased its quarterly dividend to $2.33 (annualized $9.32, ~2.9% yield).

Intact Investment Management Inc. raised its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 35.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 57,800 shares of the home improvement retailer's stock after buying an additional 15,100 shares during the period. Intact Investment Management Inc.'s holdings in Home Depot were worth $19,889,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HD. Wellington Management Group LLP boosted its holdings in Home Depot by 60.8% in 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. Vanguard Group Inc. boosted its holdings in Home Depot by 1.3% in 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. Franklin Resources Inc. boosted its holdings in Home Depot by 37.6% in the 3rd quarter. Franklin Resources Inc. now owns 3,806,308 shares of the home improvement retailer's stock worth $1,542,278,000 after buying an additional 1,040,577 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in Home Depot in the 3rd quarter worth about $284,893,000. Finally, ABN AMRO Bank N.V. boosted its holdings in Home Depot by 2,427.3% in the 3rd quarter. ABN AMRO Bank N.V. now owns 631,551 shares of the home improvement retailer's stock worth $254,943,000 after buying an additional 606,562 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Richard V. Mcphail sold 2,550 shares of the company'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 value of $940,669.50. Following the transaction, the chief financial officer directly owned 44,566 shares in the company, valued at approximately $16,439,951.74. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

HD has been the topic of several research analyst reports. The Goldman Sachs Group lowered their price objective on Home Depot from $413.00 to $409.00 in a report on Wednesday, February 25th. Citigroup boosted their target price on Home Depot from $407.00 to $450.00 and gave the stock a "buy" rating in a report on Thursday, February 12th. Telsey Advisory Group restated an "outperform" rating and set a $435.00 target price on shares of Home Depot in a report on Wednesday, March 25th. Gordon Haskett boosted their target price on Home Depot from $330.00 to $370.00 and gave the stock a "hold" rating in a report on Wednesday, February 11th. Finally, Truist Financial set a $424.00 target price on Home Depot in a report on Tuesday, February 24th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $414.17.

Home Depot Trading Up 0.1%

Shares of Home Depot stock opened at $324.22 on Monday. The stock has a market cap of $322.93 billion, a P/E ratio of 22.78, a P/E/G ratio of 3.54 and a beta of 1.00. The stock's 50 day simple moving average is $343.27 and its 200-day simple moving average is $359.02. The Home Depot, Inc. has a 1-year low of $315.31 and a 1-year high of $426.75. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.06 and a quick ratio of 0.26.

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, beating analysts' consensus estimates of $2.52 by $0.20. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The firm had revenue of $38.20 billion for the quarter, compared to analysts' expectations of $38.01 billion. During the same period in the prior year, the firm posted $3.13 earnings per share. The firm's quarterly revenue was down 3.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Analysts predict that The Home Depot, Inc. will post 15.03 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors 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. This represents a $9.32 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Thursday, March 12th. Home Depot's payout ratio is currently 65.50%.

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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