The Home Depot, Inc. $HD Shares Sold by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management trimmed its Home Depot stake by 2.7% in the fourth quarter, selling 10,565 shares and leaving it with 385,331 shares valued at about $132.6 million.
• Home Depot reported better-than-expected quarterly results, with EPS of $3.43 versus $3.41 expected 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 June 18, which implies an annualized dividend of $9.32 and a yield of 2.9%.

Northwestern Mutual Wealth Management Co. cut its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 385,331 shares of the home improvement retailer's stock after selling 10,565 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Home Depot were worth $132,593,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HD. Wellington Management Group LLP lifted its holdings 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 in the last quarter. Vanguard Group Inc. raised its holdings in shares of 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 valued at $34,284,672,000 after purchasing an additional 1,325,748 shares in the last quarter. Franklin Resources Inc. raised its stake in Home Depot by 37.6% during 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 acquiring an additional 1,040,577 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in Home Depot during the third quarter worth approximately $284,893,000. Finally, ABN AMRO Bank N.V. increased its position in Home Depot by 2,427.3% during the third 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 period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Up 1.1%

Shares of NYSE:HD opened at $321.34 on Friday. The stock's 50-day moving average price is $324.97 and its two-hundred day moving average price is $349.99. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The firm has a market cap of $320.07 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 3.67 and a beta of 1.00.

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

Home Depot Dividend Announcement

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

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 transaction of $940,669.50. Following the completion of the sale, the chief financial officer owned 44,566 shares in the company, valued at approximately $16,439,951.74. The trade was a 5.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on HD shares. Royal Bank Of Canada decreased their target price on shares of Home Depot from $377.00 to $340.00 and set a "sector perform" rating on the stock in a research report on Wednesday, May 20th. Evercore lowered their target price on Home Depot from $415.00 to $400.00 and set an "outperform" rating on the stock in a report on Wednesday, May 20th. Oppenheimer lowered their price target on shares of 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. Argus lowered their price target on shares of Home Depot from $425.00 to $400.00 and set a "buy" rating on the stock in a research report on Thursday, May 21st. Finally, BNP Paribas Exane lowered their price target on shares of Home Depot from $348.00 to $325.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 19th. Twenty analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $371.39.

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.

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