Geode Capital Management LLC lifted its position in The Home Depot, Inc. (NYSE:HD – Free Report) by 1.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 23,756,142 shares of the home improvement retailer’s stock after acquiring an additional 343,153 shares during the period. Home Depot comprises about 0.5% of Geode Capital Management LLC’s investment portfolio, making the stock its 24th biggest holding. Geode Capital Management LLC’s holdings in Home Depot were worth $8,151,344,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in HD. Silphium Asset Management Ltd raised its holdings in shares of Home Depot by 77.2% during the third quarter. Silphium Asset Management Ltd now owns 13,544 shares of the home improvement retailer’s stock valued at $5,488,000 after purchasing an additional 5,900 shares during the last quarter. Truist Financial Corp raised its holdings in shares of Home Depot by 0.3% during the third quarter. Truist Financial Corp now owns 1,095,113 shares of the home improvement retailer’s stock valued at $443,729,000 after purchasing an additional 3,608 shares during the last quarter. Atlantic Union Bankshares Corp raised its holdings in shares of Home Depot by 59.9% during the third quarter. Atlantic Union Bankshares Corp now owns 107,438 shares of the home improvement retailer’s stock valued at $43,533,000 after purchasing an additional 40,232 shares during the last quarter. King Luther Capital Management Corp raised its holdings in shares of Home Depot by 0.6% during the fourth quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer’s stock valued at $426,848,000 after purchasing an additional 7,180 shares during the last quarter. Finally, Carnegie Investment Counsel raised its holdings in shares of Home Depot by 24.8% during the fourth quarter. Carnegie Investment Counsel now owns 108,306 shares of the home improvement retailer’s stock valued at $37,268,000 after purchasing an additional 21,545 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.
More Home Depot News
Here are the key news stories impacting Home Depot this week:
- Positive Sentiment: TD Cowen said Home Depot delivered solid execution in a challenging market, and although it trimmed its price target, it reiterated a Buy rating, which can help reinforce confidence in the stock. A Bright Spot in Home Depot’s Earnings
- Positive Sentiment: Home Depot’s latest results showed a modest earnings beat and continued strength in its Pro segment, while U.S. same-store sales posted a sixth straight quarter of growth, supporting the view that demand is stabilizing. Home Depot Sales Recovery And Mingledorff’s Deal Strengthen Pro Growth Story
- Positive Sentiment: Home Depot’s acquisition of Mingledorff’s expands its reach in HVAC distribution and deepens its exposure to professional customers, which investors may see as a long-term growth driver. Home Depot Sales Recovery And Mingledorff’s Deal Strengthen Pro Growth Story
Home Depot Stock Up 2.5%
Home Depot (NYSE:HD – Get Free Report) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.02. The business had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.02 EPS for the current year.
Home Depot Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be paid a $2.33 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.9%. Home Depot’s dividend payout ratio is 66.19%.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Home Depot from a “hold” rating to a “sell” rating in a report on Monday. Wells Fargo & Company decreased their price target on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Daiwa Securities Group increased their price target on shares of Home Depot from $360.00 to $390.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. BNP Paribas Exane decreased 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. Finally, Wolfe Research reiterated an “outperform” rating and issued a $365.00 price target on shares of Home Depot in a research report on Tuesday, May 19th. Twenty analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $371.39.
Get Our Latest Stock Report on Home Depot
Insider Activity
In other news, CFO Richard V. Mcphail sold 2,550 shares of the stock in a transaction on Wednesday, March 4th. The shares were 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 $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 hyperlink. 0.08% of the stock is currently owned by company insiders.
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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