O Shaughnessy Asset Management LLC Sells 19,344 Shares of The Home Depot, Inc. $HD

O Shaughnessy Asset Management LLC lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 8.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 210,616 shares of the home improvement retailer’s stock after selling 19,344 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Home Depot were worth $72,473,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in HD. Norges Bank bought a new position in Home Depot during the 4th quarter worth $4,850,329,000. Wellington Management Group LLP increased its stake in Home Depot by 60.8% during 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 acquiring an additional 3,836,051 shares during the period. Vanguard Group Inc. increased its stake in Home Depot by 1.3% during 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 acquiring an additional 1,325,748 shares during the period. Franklin Resources Inc. increased its stake in shares of Home Depot by 37.6% in the 3rd quarter. Franklin Resources Inc. now owns 3,806,308 shares of the home improvement retailer’s stock valued at $1,542,278,000 after purchasing an additional 1,040,577 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Home Depot by 215.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,248,615 shares of the home improvement retailer’s stock valued at $429,648,000 after purchasing an additional 852,719 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.0%

NYSE HD opened at $310.73 on Monday. The business has a 50 day simple moving average of $322.95 and a 200 day simple moving average of $347.66. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The stock has a market capitalization of $309.83 billion, a P/E ratio of 22.07, a P/E/G ratio of 3.59 and a beta of 0.97. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The business had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. During the same period in the prior year, the business earned $3.56 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, June 4th. Home Depot’s dividend payout ratio is 66.19%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HD. Citigroup decreased their price target on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. HSBC reduced their price objective on Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a research report on Wednesday, May 20th. Wolfe Research restated an “outperform” rating and set a $365.00 price objective on shares of Home Depot in a research report on Tuesday, May 19th. Wells Fargo & Company reduced their price objective on Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Finally, Robert W. Baird cut their target price on Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Nineteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $371.36.

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.