Legal & General Group Plc Increases Stock Position in The Home Depot, Inc. $HD

Legal & General Group Plc raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,181,165 shares of the home improvement retailer’s stock after acquiring an additional 116,875 shares during the period. Home Depot makes up 0.6% of Legal & General Group Plc’s holdings, making the stock its 22nd biggest holding. Legal & General Group Plc’s holdings in Home Depot were worth $2,504,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Clarkston Capital Partners LLC boosted its position in shares of Home Depot by 3.2% during the third quarter. Clarkston Capital Partners LLC now owns 7,015 shares of the home improvement retailer’s stock worth $2,842,000 after buying an additional 218 shares during the period. Sienna Gestion raised its holdings in shares of Home Depot by 0.6% in the 3rd quarter. Sienna Gestion now owns 69,658 shares of the home improvement retailer’s stock valued at $25,734,000 after buying an additional 420 shares during the period. Sandhill Capital Partners LLC lifted its stake in Home Depot by 1.0% during the 3rd quarter. Sandhill Capital Partners LLC now owns 15,027 shares of the home improvement retailer’s stock worth $6,089,000 after acquiring an additional 146 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Home Depot by 9.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 680,468 shares of the home improvement retailer’s stock worth $275,871,000 after acquiring an additional 58,049 shares in the last quarter. Finally, Orca Wealth Management LLC boosted its holdings in Home Depot by 2.5% during the 3rd quarter. Orca Wealth Management LLC now owns 2,741 shares of the home improvement retailer’s stock valued at $1,111,000 after acquiring an additional 66 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Home Depot news, 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 value of $940,669.50. Following 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 SEC, which is available at this link. Also, EVP Ann Marie Campbell sold 145 shares of the firm’s 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 completion of the sale, the executive vice president owned 12,320 shares in the company, valued at $4,413,763.20. The trade was a 1.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 7,513 shares of company stock worth $2,689,515. Insiders own 0.10% of the company’s stock.

Home Depot Price Performance

HD stock opened at $353.35 on Tuesday. 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 firm has a market capitalization of $351.76 billion, a P/E ratio of 24.83, a P/E/G ratio of 12.86 and a beta of 1.09. The business’s 50-day moving average is $373.70 and its two-hundred day moving average is $378.14. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $426.75.

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

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be issued a dividend of $2.33 per share. This is a boost from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date is Thursday, March 12th. This represents a $9.32 annualized dividend and a yield of 2.6%. Home Depot’s dividend payout ratio (DPR) is presently 64.65%.

Analyst Ratings Changes

Several equities analysts have weighed in on HD shares. Daiwa Securities Group lifted their target price on Home Depot from $360.00 to $390.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. Wall Street Zen cut shares of Home Depot from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. KGI Securities lowered shares of Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price objective for the company. in a research note on Wednesday, November 19th. Piper Sandler dropped their price objective on shares of Home Depot from $441.00 to $422.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Finally, Argus cut their target price on shares of Home Depot from $450.00 to $425.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Twenty 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, Home Depot presently 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.