Sun Financial Inc Buys New Stake in The Home Depot, Inc. $HD

Sun Financial Inc purchased a new stake in The Home Depot, Inc. (NYSE:HD) in the 4th quarter, Holdings Channel.com reports. The fund purchased 2,070 shares of the home improvement retailer’s stock, valued at approximately $712,000.

Several other institutional investors also recently bought and sold shares of the business. KPP Advisory Services LLC raised its holdings in Home Depot by 1.1% in the 4th quarter. KPP Advisory Services LLC now owns 7,175 shares of the home improvement retailer’s stock valued at $2,469,000 after acquiring an additional 78 shares during the last quarter. Avidian Wealth Enterprises LLC raised its holdings in Home Depot by 0.7% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 13,586 shares of the home improvement retailer’s stock valued at $4,675,000 after acquiring an additional 96 shares during the last quarter. Advisors Preferred LLC raised its holdings in Home Depot by 2.6% in the 4th quarter. Advisors Preferred LLC now owns 8,602 shares of the home improvement retailer’s stock valued at $2,975,000 after acquiring an additional 221 shares during the last quarter. FSA Advisors Inc. raised its holdings in Home Depot by 17.5% in the 4th quarter. FSA Advisors Inc. now owns 590 shares of the home improvement retailer’s stock valued at $203,000 after acquiring an additional 88 shares during the last quarter. Finally, Intact Investment Management Inc. raised its holdings in Home Depot by 35.4% in the 4th quarter. Intact Investment Management Inc. now owns 57,800 shares of the home improvement retailer’s stock valued at $19,889,000 after acquiring an additional 15,100 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer owned 44,566 shares in the company, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.08% of the company’s stock.

Home Depot Stock Performance

NYSE:HD opened at $324.22 on Monday. 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 Home Depot, Inc. has a 1-year low of $315.31 and a 1-year high of $426.75. The firm has a 50-day moving average of $343.27 and a two-hundred day moving average of $359.02. 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.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 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 business had revenue of $38.20 billion for the quarter, compared to analysts’ expectations of $38.01 billion. During the same quarter last year, the company 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. On average, research analysts expect that The Home Depot, Inc. will post 15.03 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company 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. 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 dividend yield of 2.9%. Home Depot’s dividend payout ratio (DPR) is 65.50%.

Analyst Ratings Changes

HD has been the subject of several analyst reports. Wolfe Research boosted their price target on Home Depot from $413.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. DA Davidson upped their price objective on Home Depot from $407.00 to $445.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Zacks Research upgraded Home Depot from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Gordon Haskett upped their price objective on Home Depot from $330.00 to $370.00 and gave the stock a “hold” rating in a report on Wednesday, February 11th. Finally, Evercore decreased their price objective on shares of Home Depot from $425.00 to $415.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. Twenty investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $414.17.

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.