Tocqueville Asset Management L.P. Has $357.83 Million Stock Position in The Home Depot, Inc. $HD

Tocqueville Asset Management L.P. trimmed its stake in The Home Depot, Inc. (NYSE:HD) by 3.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 883,115 shares of the home improvement retailer’s stock after selling 29,968 shares during the period. Home Depot makes up about 5.2% of Tocqueville Asset Management L.P.’s investment portfolio, making the stock its biggest position. Tocqueville Asset Management L.P.’s holdings in Home Depot were worth $357,829,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Sagard Holdings Management Inc. bought a new stake in shares of Home Depot during the second quarter valued at approximately $29,000. Financially Speaking Inc bought a new position in Home Depot in the third quarter worth approximately $31,000. Dougherty Wealth Advisers LLC bought a new position in Home Depot in the third quarter worth approximately $38,000. Marquette Asset Management LLC purchased a new position in Home Depot during the 3rd quarter worth $38,000. Finally, AXS Investments LLC purchased a new position in Home Depot during the 3rd quarter worth $38,000. 70.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HD. Citigroup upped their target price on Home Depot from $407.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. KGI Securities lowered Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price target on the stock. in a research note on Wednesday, November 19th. Zacks Research upgraded Home Depot from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Wells Fargo & Company upped their price objective on shares of Home Depot from $395.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Finally, DA Davidson increased their target price on shares of Home Depot from $407.00 to $445.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $416.00.

Home Depot Stock Up 0.7%

NYSE HD traded up $2.46 during midday trading on Friday, hitting $341.39. 594,778 shares of the company traded hands, compared to its average volume of 4,203,259. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $426.75. The company’s 50-day simple moving average is $373.95 and its 200-day simple moving average is $377.29. The company has a market cap of $339.85 billion, a PE ratio of 24.01, a price-to-earnings-growth ratio of 12.61 and a beta of 1.09. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.06 and a quick ratio of 0.26.

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 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 analyst estimates of $38.01 billion. During the same period in the previous year, the company posted $3.13 EPS. The business’s revenue for the quarter 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 forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be issued a $2.33 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.30. This represents a $9.32 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Thursday, March 12th. Home Depot’s dividend payout ratio is presently 64.65%.

Insider Activity

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 shares were sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the completion of 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. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Richard V. Mcphail sold 2,550 shares of the stock in a transaction that occurred 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 sale, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at $16,439,951.74. The trade was a 5.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.10% of the company’s stock.

Home Depot 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.