CI Investments Inc. Has $63.51 Million Holdings in The Home Depot, Inc. $HD

CI Investments Inc. lessened its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.9% in the third quarter, Holdings Channel.com reports. The firm owned 156,752 shares of the home improvement retailer’s stock after selling 6,431 shares during the period. CI Investments Inc.’s holdings in Home Depot were worth $63,514,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Capstone Wealth Management Group LLC acquired a new position in shares of Home Depot during the 3rd quarter worth about $257,000. Focus Partners Advisor Solutions LLC raised its holdings in Home Depot by 24.2% during the third quarter. Focus Partners Advisor Solutions LLC now owns 27,445 shares of the home improvement retailer’s stock worth $10,782,000 after acquiring an additional 5,339 shares in the last quarter. Becker Capital Management Inc. boosted its position in Home Depot by 0.5% during the third quarter. Becker Capital Management Inc. now owns 92,098 shares of the home improvement retailer’s stock valued at $37,317,000 after purchasing an additional 431 shares during the last quarter. Lumbard & Kellner LLC grew its stake in Home Depot by 31.1% in the third quarter. Lumbard & Kellner LLC now owns 838 shares of the home improvement retailer’s stock valued at $340,000 after purchasing an additional 199 shares in the last quarter. Finally, Harbor Advisory Corp MA grew its stake in Home Depot by 6.6% in the third quarter. Harbor Advisory Corp MA now owns 4,824 shares of the home improvement retailer’s stock valued at $1,955,000 after purchasing an additional 300 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HD has been the subject of several recent analyst reports. Morgan Stanley increased their price objective on Home Depot from $412.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Guggenheim lifted their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Argus dropped their target price on shares of Home Depot from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Wall Street Zen cut Home Depot from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Finally, Citigroup upped their price objective on Home Depot from $407.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $416.00.

Home Depot Stock Down 2.6%

HD stock opened at $370.77 on Tuesday. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week 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 stock has a market capitalization of $369.11 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 13.64 and a beta of 1.09. The business’s fifty day moving average price is $372.24 and its two-hundred day moving average price is $379.49.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.20. The business had revenue of $38.20 billion for 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%. Home Depot’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the firm earned $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be paid a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.5%. This is an increase from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date is Thursday, March 12th. Home Depot’s dividend payout ratio is presently 64.65%.

Insider Activity at Home Depot

In related news, EVP Angie Brown sold 1,946 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the sale, the executive vice president owned 3,941 shares of the company’s stock, valued at $1,409,419.83. This represents a 33.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 145 shares of Home Depot stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total value of $51,947.70. Following the completion of the transaction, the executive vice president directly owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This represents a 1.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 4,963 shares of company stock worth $1,748,845. Company insiders own 0.10% of the company’s stock.

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.