The Home Depot, Inc. $HD Shares Sold by Strs Ohio

Key Points

• The Home Depot saw Strs Ohio trim its stake by 2.2% in Q4, selling 9,087 shares and ending with 403,628 shares worth about $138.9 million, while institutional investors own 70.86% of the stock.
• Home Depot beat estimates in the latest quarter with EPS of $2.72 vs. $2.52 expected and revenue of $38.20B vs. $38.01B, set FY2026 guidance of 14.230–14.799 EPS, and carries a consensus "Moderate Buy" price target of $414.17.
• CFO Richard V. Mcphail sold 2,550 shares at an average $368.89 (reducing his stake by 5.41%), and the company raised its quarterly dividend to $2.33 ($9.32 annualized, ~2.9% yield).

Strs Ohio lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 403,628 shares of the home improvement retailer's stock after selling 9,087 shares during the quarter. Home Depot makes up about 0.5% of Strs Ohio's portfolio, making the stock its 27th biggest holding. Strs Ohio's holdings in Home Depot were worth $138,888,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HD. Parvin Asset Management LLC raised its holdings in Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock valued at $26,000 after acquiring an additional 33 shares during the last quarter. Key Capital Management INC acquired a new stake in Home Depot in the 4th quarter valued at about $28,000. Financially Speaking Inc acquired a new stake in Home Depot in the 3rd quarter valued at about $31,000. Imprint Wealth LLC acquired a new stake in Home Depot in the 3rd quarter valued at about $34,000. Finally, Disciplined Equity Management Inc. acquired a new stake in Home Depot in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on HD shares. Zacks Research upgraded shares of Home Depot from a "strong sell" rating to a "hold" rating in a report on Monday, February 9th. Telsey Advisory Group reissued an "outperform" rating and set a $435.00 price target on shares of Home Depot in a research report on Wednesday, March 25th. Daiwa Securities Group boosted their price target on shares of Home Depot from $360.00 to $390.00 and gave the company a "neutral" rating in a research report on Thursday, February 26th. Gordon Haskett boosted their price target on shares of Home Depot from $330.00 to $370.00 and gave the company a "hold" rating in a research report on Wednesday, February 11th. Finally, Wells Fargo & Company boosted their price target on shares of Home Depot from $395.00 to $420.00 and gave the company an "overweight" rating in a research report on Wednesday, February 25th. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and a consensus price target of $414.17.

Insider Buying and Selling

In other news, CFO Richard V. Mcphail sold 2,550 shares of the 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 completion of the sale, the chief financial officer directly owned 44,566 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is owned by corporate insiders.

Home Depot Stock Down 1.4%

Shares of NYSE:HD opened at $324.22 on Friday. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.06 and a quick ratio of 0.26. The firm has a market capitalization of $322.93 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 3.59 and a beta of 1.09. The firm's 50-day moving average is $343.27 and its two-hundred day moving average is $359.36. The Home Depot, Inc. has a 1 year low of $315.31 and a 1 year high of $426.75.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.52 by $0.20. The company had revenue of $38.20 billion for the quarter, compared to analyst estimates of $38.01 billion. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The business's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.13 earnings per share. 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 year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were paid a $2.33 dividend. 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%. 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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