Income Insurance Ltd Takes Position in The Home Depot, Inc. $HD

Income Insurance Ltd acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 3,034 shares of the home improvement retailer’s stock, valued at approximately $1,044,000. Home Depot comprises approximately 0.7% of Income Insurance Ltd’s holdings, making the stock its 25th largest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Home Depot by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock valued at $34,284,672,000 after acquiring an additional 1,325,748 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Home Depot by 0.3% during the third quarter. Capital Research Global Investors now owns 11,400,133 shares of the home improvement retailer’s stock valued at $4,619,229,000 after acquiring an additional 30,739 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Home Depot by 60.8% during the third quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock valued at $4,109,878,000 after acquiring an additional 3,836,051 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Home Depot by 2.0% during the third quarter. Fisher Asset Management LLC now owns 10,130,293 shares of the home improvement retailer’s stock valued at $4,104,694,000 after acquiring an additional 197,211 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Home Depot by 1.9% during the third quarter. Legal & General Group Plc now owns 6,181,165 shares of the home improvement retailer’s stock valued at $2,504,546,000 after acquiring an additional 116,875 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Royal Bank Of Canada boosted their price objective on Home Depot from $363.00 to $377.00 and gave the company a “sector perform” rating in a report on Wednesday, February 25th. Daiwa Securities Group increased their price target on Home Depot from $360.00 to $390.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. Wall Street Zen cut Home Depot from a “hold” rating to a “sell” rating in a research note on Saturday. Telsey Advisory Group reaffirmed an “outperform” rating and set a $435.00 price objective on shares of Home Depot in a report on Wednesday, March 25th. Finally, Guggenheim upped their target price on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Twenty analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $410.86.

Home Depot Stock Performance

NYSE HD opened at $317.43 on Friday. The Home Depot, Inc. has a 1 year low of $310.40 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 firm has a market cap of $316.17 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 3.66 and a beta of 1.00. The company has a fifty day moving average price of $339.65 and a 200-day moving average price of $357.57.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.20. The firm had revenue of $38.20 billion during 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 was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.03 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently disclosed 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 a boost from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date was Thursday, March 12th. This represents a $9.32 dividend on an annualized basis and a yield of 2.9%. Home Depot’s dividend payout ratio is currently 65.50%.

Home Depot News Summary

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Erste Group raised its FY2028 earnings estimate for Home Depot, suggesting continued confidence in long-term profitability, with its forecast moving slightly higher to $16.30 per share from $16.26. This kind of estimate revision can help offset some negative sentiment around the stock.
• Positive Sentiment: Industry commentary continues to point to improving home improvement spending, with contractors still favoring Home Depot as one of their top destinations. That supports the case for steadier demand heading into future quarters. Home Improvement Spending Is, Well, Improving. Lowe’s Stock Looks Cheap.
• Neutral Sentiment: Home Depot and Hertz launched a nationwide military appreciation campaign that includes discounts and upgrades for service members and veterans. The initiative may help brand loyalty, but it is not likely to have an immediate material impact on earnings. Home Depot Hertz Military Campaign Aims To Deepen Long Term Loyalty
• Neutral Sentiment: Home Depot is drawing analyst attention in broader market coverage, but the article does not indicate a major new catalyst by itself. Home Depot, Apollo, Oscar, Nutrien, Enovix Trending With Analysts
• Negative Sentiment: Gordon Haskett lowered its price target on Home Depot from $395 to $330, signaling reduced upside expectations even though the new target still sits above the current share price. That kind of cut can weigh on investor sentiment. Gordon Haskett Adjusts Home Depot Price Target to 330 From 395

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 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 transaction, the chief financial officer owned 44,566 shares in the company, valued at $16,439,951.74. This represents a 5.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is owned by company insiders.

About Home Depot

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.