The Home Depot, Inc. $HD Shares Sold by Drucker Wealth 3.0 LLC

Drucker Wealth 3.0 LLC reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 22.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,262 shares of the home improvement retailer’s stock after selling 2,082 shares during the period. Drucker Wealth 3.0 LLC’s holdings in Home Depot were worth $2,499,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Parvin Asset Management LLC raised its position in shares of Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares during the last quarter. Financially Speaking Inc acquired a new position in Home Depot in the 3rd quarter valued at $31,000. Key Capital Management INC acquired a new position in Home Depot in the 4th quarter valued at $28,000. Imprint Wealth LLC acquired a new position in Home Depot in the 3rd quarter valued at $34,000. Finally, AXS Investments LLC acquired a new position in Home Depot in the 3rd quarter valued at $38,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Down 1.6%

Shares of Home Depot stock opened at $317.43 on Friday. The company has a fifty day moving average price of $339.65 and a 200 day moving average price of $357.57. 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 $310.40 and a twelve month high of $426.75. The stock has a market cap of $316.17 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 3.72 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.20. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The firm had revenue of $38.20 billion during the quarter, compared to analysts’ expectations of $38.01 billion. During the same period in the prior year, the company earned $3.13 EPS. The firm’s 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. Equities research analysts forecast that The Home Depot, Inc. will post 15.03 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were given a dividend of $2.33 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date of this dividend 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%.

Insiders Place Their Bets

In related news, CFO Richard V. Mcphail sold 2,550 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total transaction of $940,669.50. Following the completion of the sale, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Company insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on HD shares. BNP Paribas Exane cut their price target on Home Depot from $391.00 to $348.00 and set a “neutral” rating for the company in a report on Tuesday, March 24th. Truist Financial set a $424.00 price target on Home Depot in a report on Tuesday, February 24th. Evercore cut their price target on Home Depot from $425.00 to $415.00 and set an “outperform” rating for the company in a report on Tuesday, March 31st. Jefferies Financial Group boosted their price objective on shares of Home Depot from $424.00 to $454.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Finally, 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. Twenty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $412.24.

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.