Truist Financial Corp Sells 42,995 Shares of The Home Depot, Inc. $HD

Key Points

• Truist Financial cut its Home Depot stake by 3.9%, selling 42,995 shares and retaining 1,052,118 shares valued at about $362 million.
• Home Depot beat quarterly EPS ($2.72 vs. $2.52) and revenue ($38.20B vs. $38.01B) despite revenue falling 3.8% year‑over‑year, set FY2026 EPS guidance of 14.230–14.799, and raised its quarterly dividend to $2.33 (annualized $9.32, ~2.9% yield).
• CFO Richard McPhail sold 2,550 shares at $368.89 (reducing his stake by 5.41%), institutional investors own about 70.9% of the stock, and analysts give a "Moderate Buy" consensus with an average target of $414.17.

Truist Financial Corp decreased its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,052,118 shares of the home improvement retailer's stock after selling 42,995 shares during the period. Truist Financial Corp owned 0.11% of Home Depot worth $362,034,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Home Depot by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer's stock worth $34,284,672,000 after acquiring an additional 1,325,748 shares during the period. Capital Research Global Investors lifted its position in shares of Home Depot by 0.3% in the third 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 in the last quarter. Wellington Management Group LLP lifted its position in shares of Home Depot by 60.8% in the third 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. Fisher Asset Management LLC lifted its position in shares of Home Depot by 2.0% in the third 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 in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Home Depot by 1.9% in the third 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 in the last quarter. Institutional investors own 70.86% of the company's stock.

Insider Transactions at Home Depot

In other Home Depot 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 transaction of $940,669.50. Following the sale, the chief financial officer directly owned 44,566 shares in the company, valued at $16,439,951.74. This represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.08% of the stock is currently owned by company insiders.

Home Depot Trading Up 0.1%

Shares of HD stock opened at $324.22 on Monday. 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. The stock's 50 day simple moving average is $343.27 and its two-hundred day simple moving average is $359.02. The company 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.

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 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 business had revenue of $38.20 billion for the quarter, compared to the consensus estimate of $38.01 billion. During the same period in the prior year, the business posted $3.13 earnings per share. The company's quarterly 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. Research analysts predict that The Home Depot, Inc. will post 15.03 earnings per share for the current year.

Home Depot Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently commented on HD. BNP Paribas Exane decreased their target price on Home Depot from $391.00 to $348.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 24th. Morgan Stanley boosted their target price on Home Depot from $412.00 to $420.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 28th. Royal Bank Of Canada boosted their target price 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 boosted their target price 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, Jefferies Financial Group boosted their target price on Home Depot from $424.00 to $454.00 and gave the stock a "buy" rating in a research report on Tuesday, February 24th. Twenty 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $414.17.

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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