Dimensional Fund Advisors LP Grows Stock Position in The Home Depot, Inc. $HD

Dimensional Fund Advisors LP raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.2% in the third quarter, Holdings Channel reports. The institutional investor owned 5,041,284 shares of the home improvement retailer’s stock after acquiring an additional 12,307 shares during the period. Home Depot comprises about 0.4% of Dimensional Fund Advisors LP’s portfolio, making the stock its 20th biggest holding. Dimensional Fund Advisors LP’s holdings in Home Depot were worth $2,042,720,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC increased its stake in shares of Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after purchasing an additional 7,203 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Home Depot by 7.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock worth $952,000 after acquiring an additional 173 shares in the last quarter. Ignite Planners LLC raised its stake in Home Depot by 0.7% during the second quarter. Ignite Planners LLC now owns 6,526 shares of the home improvement retailer’s stock valued at $2,346,000 after purchasing an additional 47 shares in the last quarter. Croban purchased a new stake in shares of Home Depot during the 2nd quarter valued at about $416,000. Finally, Schnieders Capital Management LLC. lifted its stake in shares of Home Depot by 14.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock valued at $4,248,000 after purchasing an additional 1,433 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HD shares. DA Davidson raised 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. Guggenheim increased their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Home Depot in a report on Monday, December 29th. Royal Bank Of Canada boosted their target price on shares of Home Depot from $363.00 to $377.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 25th. Finally, UBS Group increased their price objective on Home Depot from $430.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Twenty research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $416.00.

Insider Transactions at Home Depot

In other news, EVP Angie Brown sold 1,946 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the transaction, the executive vice president owned 3,941 shares in the company, valued at $1,409,419.83. This trade represents a 33.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ann Marie Campbell sold 145 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the transaction, the executive vice president directly owned 12,320 shares in the company, valued at approximately $4,413,763.20. The trade was a 1.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 4,963 shares of company stock valued at $1,748,845 in the last three months. 0.10% of the stock is currently owned by company insiders.

Home Depot Price Performance

Shares of HD opened at $366.54 on Wednesday. The business’s 50-day moving average is $372.67 and its two-hundred day moving average is $379.26. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.26 and a current ratio of 1.06. The company has a market capitalization of $364.89 billion, a P/E ratio of 25.76, a P/E/G ratio of 13.29 and a beta of 1.09. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $426.75.

Home Depot (NYSE:HD) last released its quarterly earnings data 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. The business had revenue of $38.20 billion for 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 quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be issued a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, March 12th. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s payout ratio is currently 64.65%.

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.