The Home Depot, Inc. $HD Shares Sold by Provident Trust Co.

Provident Trust Co. decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 4.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 886,193 shares of the home improvement retailer’s stock after selling 39,391 shares during the quarter. Home Depot makes up 5.1% of Provident Trust Co.’s holdings, making the stock its 10th biggest holding. Provident Trust Co.’s holdings in Home Depot were worth $304,939,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Home Depot by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock worth $34,284,672,000 after purchasing an additional 1,325,748 shares during the period. Capital Research Global Investors raised its holdings in Home Depot by 0.3% in the 3rd quarter. Capital Research Global Investors now owns 11,400,133 shares of the home improvement retailer’s stock worth $4,619,229,000 after purchasing an additional 30,739 shares during the period. Wellington Management Group LLP raised its holdings in Home Depot by 60.8% in the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock worth $4,109,878,000 after purchasing an additional 3,836,051 shares during the period. Fisher Asset Management LLC raised its holdings in Home Depot by 2.0% in the 3rd quarter. Fisher Asset Management LLC now owns 10,130,293 shares of the home improvement retailer’s stock worth $4,104,694,000 after purchasing an additional 197,211 shares during the period. Finally, Legal & General Group Plc raised its holdings in Home Depot by 1.9% in the 3rd quarter. Legal & General Group Plc now owns 6,181,165 shares of the home improvement retailer’s stock worth $2,504,546,000 after purchasing an additional 116,875 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of Home Depot stock opened at $324.22 on Friday. 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 business has a 50 day simple moving average of $343.27 and a two-hundred day simple moving average of $359.22. The stock has a market capitalization of $322.93 billion, a P/E ratio of 22.78, a PEG ratio of 3.54 and a beta of 1.00. The Home Depot, Inc. has a 12 month low of $315.31 and a 12 month high of $426.75.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.20. The business had revenue of $38.20 billion during the quarter, compared to analyst estimates of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The business’s revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. As a group, analysts predict that The Home Depot, Inc. will post 15.03 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were given a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.9%. This is a boost from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date was Thursday, March 12th. Home Depot’s dividend payout ratio (DPR) is currently 65.50%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Robert W. Baird increased their target price on Home Depot from $400.00 to $430.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. UBS Group reissued an “outperform” rating on shares of Home Depot in a report on Tuesday, March 24th. Gordon Haskett increased their target price on Home Depot from $330.00 to $370.00 and gave the company a “hold” rating in a report on Wednesday, February 11th. BNP Paribas Exane reduced their target price on Home Depot from $391.00 to $348.00 and set a “neutral” rating for the company in a report on Tuesday, March 24th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $435.00 target price on shares of Home Depot in a report on Wednesday, March 25th. Twenty research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $414.17.

Insider Activity

In other news, CFO Richard V. Mcphail sold 2,550 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was 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 directly owned 44,566 shares in the company, valued at $16,439,951.74. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is owned by company insiders.

About Home Depot

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.