ING Groep NV Has $132.43 Million Stock Holdings in The Home Depot, Inc. $HD

ING Groep NV decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 11.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 384,870 shares of the home improvement retailer’s stock after selling 51,575 shares during the period. Home Depot comprises 0.8% of ING Groep NV’s holdings, making the stock its 25th largest holding. ING Groep NV’s holdings in Home Depot were worth $132,434,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Capital World Investors boosted its position in Home Depot by 1.6% in the fourth quarter. Capital World Investors now owns 13,147,117 shares of the home improvement retailer’s stock valued at $4,524,166,000 after buying an additional 201,694 shares in the last quarter. Capital International Sarl boosted its position in Home Depot by 23.5% in the fourth quarter. Capital International Sarl now owns 63,580 shares of the home improvement retailer’s stock valued at $21,878,000 after buying an additional 12,098 shares in the last quarter. Capital International Ltd. CA boosted its position in Home Depot by 29.8% in the fourth quarter. Capital International Ltd. CA now owns 31,347 shares of the home improvement retailer’s stock valued at $10,787,000 after buying an additional 7,200 shares in the last quarter. Capital International Inc. CA boosted its position in Home Depot by 4.3% in the fourth quarter. Capital International Inc. CA now owns 150,368 shares of the home improvement retailer’s stock valued at $51,742,000 after buying an additional 6,187 shares in the last quarter. Finally, Capital International Investors boosted its position in Home Depot by 2.6% in the fourth quarter. Capital International Investors now owns 5,081,712 shares of the home improvement retailer’s stock valued at $1,748,726,000 after buying an additional 128,389 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on HD shares. Gordon Haskett cut their target price on shares of Home Depot from $330.00 to $320.00 and set a “hold” rating on the stock in a research report on Tuesday, May 19th. Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. UBS Group cut their target price on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Mizuho cut their target price on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Finally, Royal Bank Of Canada cut their target price on shares of Home Depot from $377.00 to $340.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 20th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $371.36.

Home Depot Price Performance

HD stock opened at $310.73 on Friday. The company has a fifty day moving average price of $322.95 and a 200-day moving average price of $347.74. The company has a market capitalization of $309.83 billion, a P/E ratio of 22.07, a PEG ratio of 3.59 and a beta of 0.97. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.02. The firm had revenue of $41.77 billion during 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 revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter 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 expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be paid a dividend of $2.33 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $9.32 annualized dividend and a dividend yield of 3.0%. Home Depot’s dividend payout ratio (DPR) is presently 66.19%.

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.