The Home Depot, Inc. $HD Shares Purchased by Mariner LLC

Mariner LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 3.7% in the third quarter, HoldingsChannel.com reports. The fund owned 1,136,584 shares of the home improvement retailer’s stock after buying an additional 40,693 shares during the quarter. Mariner LLC’s holdings in Home Depot were worth $460,544,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Maxele Advisors LLC purchased a new stake in shares of Home Depot in the third quarter valued at about $738,000. Members Trust Co grew its position in shares of Home Depot by 1.8% in the third quarter. Members Trust Co now owns 3,735 shares of the home improvement retailer’s stock valued at $1,513,000 after purchasing an additional 66 shares during the last quarter. Mairs & Power Inc. increased its stake in shares of Home Depot by 0.9% during the 3rd quarter. Mairs & Power Inc. now owns 155,551 shares of the home improvement retailer’s stock worth $63,028,000 after purchasing an additional 1,378 shares in the last quarter. Mizuho Markets Cayman LP increased its stake in shares of Home Depot by 110.4% during the 3rd quarter. Mizuho Markets Cayman LP now owns 141,800 shares of the home improvement retailer’s stock worth $57,456,000 after purchasing an additional 74,394 shares in the last quarter. Finally, Morse Asset Management Inc raised its position in shares of Home Depot by 5.9% during the 3rd quarter. Morse Asset Management Inc now owns 18,997 shares of the home improvement retailer’s stock worth $7,697,000 after purchasing an additional 1,050 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,872 shares of the firm’s stock in a transaction dated Friday, December 26th. The stock was sold at an average price of $348.52, for a total value of $1,000,949.44. Following the sale, the executive vice president directly owned 13,196 shares of the company’s stock, valued at approximately $4,599,069.92. This trade represents a 17.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $940,669.50. Following the completion of the sale, the chief financial officer owned 44,566 shares of the company’s stock, valued at $16,439,951.74. This trade represents a 5.41% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Up 1.0%

HD stock opened at $342.44 on Tuesday. The company has a 50 day moving average price of $373.77 and a two-hundred day moving average price of $375.91. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.26 and a current ratio of 1.06. The stock has a market capitalization of $340.90 billion, a P/E ratio of 24.06, a PEG ratio of 12.20 and a beta of 1.09. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $426.75.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, topping 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 company had revenue of $38.20 billion for the quarter, compared to analyst estimates of $38.01 billion. During the same quarter in the prior year, the company posted $3.13 EPS. The business’s revenue for the quarter 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. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.7%. This is a boost from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date is Thursday, March 12th. Home Depot’s dividend payout ratio (DPR) is currently 65.50%.

Wall Street Analysts Forecast Growth

HD has been the topic of a number of recent research reports. Oppenheimer reduced their target price on Home Depot from $420.00 to $405.00 and set a “market perform” rating on the stock in a research note on Friday, December 5th. DA Davidson boosted their price target on Home Depot from $407.00 to $445.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Wolfe Research upped their price objective on Home Depot from $413.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, February 25th. Evercore decreased their price objective on Home Depot from $450.00 to $425.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. Finally, Royal Bank Of Canada lifted their price objective 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. Twenty research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $416.00.

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.