The Home Depot, Inc. $HD Shares Sold by Reynders McVeigh Capital Management LLC

Key Points

• Reynders McVeigh trimmed its stake in The Home Depot by 4.1%, selling 3,779 shares and leaving it with 89,102 shares worth $30.66M, and CFO Richard V. McPhail sold 2,550 shares (a 5.41% reduction in his holding).
• Home Depot topped quarterly EPS estimates ($2.72 vs. $2.52) despite revenue falling 3.8% year‑over‑year, and analysts maintain a Moderate Buy consensus with an average target of $414.17 after several firms raised their price targets.
• The company increased its quarterly dividend to $2.33 (annualized $9.32) for a yield of about 2.9%, reflecting continued shareholder returns.

Reynders McVeigh Capital Management LLC trimmed its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,102 shares of the home improvement retailer's stock after selling 3,779 shares during the period. Home Depot accounts for about 1.4% of Reynders McVeigh Capital Management LLC's holdings, making the stock its 22nd biggest holding. Reynders McVeigh Capital Management LLC's holdings in Home Depot were worth $30,660,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Parvin Asset Management LLC raised its position in shares of Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock valued at $26,000 after buying an additional 33 shares during the last quarter. Key Capital Management INC acquired a new stake in shares of Home Depot in the fourth quarter valued at about $28,000. Financially Speaking Inc acquired a new stake in shares of Home Depot in the third quarter valued at about $31,000. Disciplined Equity Management Inc. acquired a new stake in shares of Home Depot in the fourth quarter valued at about $34,000. Finally, Family CFO Inc acquired a new stake in shares of Home Depot in the fourth quarter valued at about $34,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction dated Wednesday, March 4th. The shares were 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 directly owned 44,566 shares in the company, valued at $16,439,951.74. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HD. Jefferies Financial Group increased their target price on shares of Home Depot from $424.00 to $454.00 and gave the company a "buy" rating in a research report on Tuesday, February 24th. DA Davidson increased their target price on shares of Home Depot from $407.00 to $445.00 and gave the company a "buy" rating in a research report on Tuesday, February 24th. Robert W. Baird increased their target price on shares of Home Depot from $400.00 to $430.00 and gave the company an "outperform" rating in a research report on Tuesday, February 17th. TD Cowen reiterated a "buy" rating on shares of Home Depot in a research report on Thursday, March 12th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Home Depot in a research report on Friday, March 27th. 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 company's stock. According to data from MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and an average target price of $414.17.

Home Depot Price Performance

Home Depot stock opened at $324.22 on Monday. The Home Depot, Inc. has a 12-month low of $315.31 and a 12-month high of $426.75. The stock has a market cap of $322.93 billion, a P/E ratio of 22.78, a PEG ratio of 3.54 and a beta of 1.00. The company has a 50-day moving average price of $343.27 and a 200 day moving average price of $359.02. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.20. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The firm had revenue of $38.20 billion during the quarter, compared to analysts' expectations of $38.01 billion. During the same period last year, the business earned $3.13 earnings per share. Home Depot's revenue was down 3.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.03 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were given a dividend of $2.33 per share. The ex-dividend date was Thursday, March 12th. This is an increase from Home Depot's previous quarterly dividend of $2.30. This represents a $9.32 annualized dividend and a yield of 2.9%. Home Depot's dividend payout ratio (DPR) is 65.50%.

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.

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