Schroder Investment Management Group Trims Stock Position in The Home Depot, Inc. $HD

Schroder Investment Management Group decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 2.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,349,313 shares of the home improvement retailer’s stock after selling 30,263 shares during the period. Schroder Investment Management Group’s holdings in Home Depot were worth $548,901,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HD. Brio Consultants LLC boosted its position in shares of Home Depot by 4.7% in the second quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock worth $210,000 after acquiring an additional 26 shares during the last quarter. Emprise Bank increased its position in Home Depot by 0.8% during the third quarter. Emprise Bank now owns 3,135 shares of the home improvement retailer’s stock worth $1,270,000 after purchasing an additional 26 shares during the last quarter. Stegent Equity Advisors Inc. raised its stake in Home Depot by 2.7% during the third quarter. Stegent Equity Advisors Inc. now owns 1,006 shares of the home improvement retailer’s stock worth $408,000 after purchasing an additional 26 shares during the period. BWM Planning LLC raised its stake in Home Depot by 0.7% during the second quarter. BWM Planning LLC now owns 4,105 shares of the home improvement retailer’s stock worth $1,505,000 after purchasing an additional 27 shares during the period. Finally, Navis Wealth Advisors LLC boosted its holdings in shares of Home Depot by 1.8% in the 2nd quarter. Navis Wealth Advisors LLC now owns 1,532 shares of the home improvement retailer’s stock valued at $562,000 after purchasing an additional 27 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wolfe Research boosted their price objective on shares of Home Depot from $413.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, February 25th. Citigroup lifted their target price on Home Depot from $407.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Zacks Research raised Home Depot from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Bank of America dropped their price target on Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Finally, Wells Fargo & Company raised their price objective on Home Depot from $395.00 to $420.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $416.00.

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 2,872 shares of the business’s stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the transaction, the executive vice president directly owned 13,196 shares of the company’s stock, valued at approximately $4,599,069.92. The trade was a 17.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Ann Marie Campbell sold 145 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was 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 owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. This represents a 1.16% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 7,513 shares of company stock valued at $2,689,515. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

NYSE:HD opened at $358.28 on Monday. The firm’s fifty day simple moving average is $373.58 and its 200 day simple moving average is $378.45. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $426.75. The firm has a market capitalization of $356.67 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 12.86 and a beta of 1.09.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.20. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The firm had revenue of $38.20 billion during the quarter, compared to the consensus estimate of $38.01 billion. During the same period in the prior year, the firm earned $3.13 EPS. The firm’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. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be issued a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, March 12th. This is an increase from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s dividend payout ratio (DPR) is 64.65%.

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.