Wilmington Savings Fund Society FSB Trims Stock Holdings in The Home Depot, Inc. $HD

Wilmington Savings Fund Society FSB lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 20.2% during the third quarter, Holdings Channel reports. The fund owned 47,585 shares of the home improvement retailer’s stock after selling 12,078 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Home Depot were worth $19,281,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in HD. Emprise Bank boosted its stake in shares of Home Depot by 0.8% during the 3rd 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. grew its holdings in shares of 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 buying an additional 26 shares in the last quarter. BWM Planning LLC raised its position in shares of Home Depot by 0.7% in the second quarter. BWM Planning LLC now owns 4,105 shares of the home improvement retailer’s stock valued at $1,505,000 after buying an additional 27 shares during the last quarter. Navis Wealth Advisors LLC lifted its stake in shares of Home Depot by 1.8% during the second quarter. Navis Wealth Advisors LLC now owns 1,532 shares of the home improvement retailer’s stock valued at $562,000 after buying an additional 27 shares during the period. Finally, Unique Wealth LLC lifted its stake in shares of Home Depot by 1.2% during the third quarter. Unique Wealth LLC now owns 2,280 shares of the home improvement retailer’s stock valued at $924,000 after buying an additional 27 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of the stock in a transaction 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 completion of the sale, the chief financial officer owned 44,566 shares of the company’s stock, valued at $16,439,951.74. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of Home Depot stock in a transaction on Friday, December 26th. The shares were sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the transaction, the executive vice president owned 13,196 shares in the company, valued at $4,599,069.92. The trade was a 17.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by insiders.

Home Depot Stock Down 0.3%

Shares of NYSE HD opened at $341.63 on Wednesday. The stock has a market capitalization of $340.10 billion, a PE ratio of 24.01, a P/E/G ratio of 12.32 and a beta of 1.09. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62. The firm has a fifty day moving average of $373.62 and a 200-day moving average of $375.45. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $426.75.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, topping 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 business had revenue of $38.20 billion for the quarter, compared to analyst estimates of $38.01 billion. During the same period last year, the company posted $3.13 EPS. The business’s quarterly revenue was down 3.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be paid a $2.33 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $9.32 annualized dividend and a dividend yield of 2.7%. This is an increase from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s dividend payout ratio is presently 65.50%.

Analyst Upgrades and Downgrades

HD has been the subject of several recent analyst reports. BNP Paribas Exane lifted their target price on shares of Home Depot from $355.00 to $391.00 in a research note on Wednesday, February 25th. Citigroup increased their price target on Home Depot from $407.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. KeyCorp restated a “sector weight” rating on shares of Home Depot in a report on Wednesday, February 25th. JPMorgan Chase & Co. dropped their target price on Home Depot from $444.00 to $423.00 and set an “overweight” rating for the company in a research note on Wednesday, November 19th. Finally, Evercore reduced their target price on Home Depot from $450.00 to $425.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. 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 company has an average rating of “Moderate Buy” and an average target price of $416.00.

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.