The Home Depot, Inc. (HD) To Go Ex-Dividend on March 12th

The Home Depot, Inc. (NYSE:HD) declared a quarterly dividend on Tuesday, February 24th. Stockholders of record on Thursday, March 12th will be paid a dividend of 2.33 per share by the home improvement retailer on Thursday, March 26th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Thursday, March 12th. This is a 1.3% increase from Home Depot’s previous quarterly dividend of $2.30.

Home Depot has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 16 consecutive years. Home Depot has a payout ratio of 57.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Home Depot to earn $15.60 per share next year, which means the company should continue to be able to cover its $9.32 annual dividend with an expected future payout ratio of 59.7%.

Home Depot Trading Down 1.3%

Shares of HD opened at $353.35 on Tuesday. Home Depot has a 12-month low of $326.31 and a 12-month high of $426.75. The firm has a market capitalization of $351.76 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 12.86 and a beta of 1.09. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62. The stock’s fifty day simple moving average is $373.70 and its 200-day simple moving average is $378.14.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.20. The company had revenue of $38.20 billion for the quarter, compared to the consensus estimate of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The firm’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. As a group, research analysts predict that Home Depot will post 15.13 earnings per share for the current year.

Insiders Place Their Bets

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following the completion of the sale, the chief financial officer owned 44,566 shares of the company’s stock, valued at $16,439,951.74. This trade represents a 5.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Angie Brown sold 1,946 shares of Home Depot stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the sale, the executive vice president directly owned 3,941 shares of the company’s stock, valued at $1,409,419.83. The trade was a 33.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 7,513 shares of company stock worth $2,689,515 in the last quarter. Insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Home Depot

A number of hedge funds have recently made changes to their positions in HD. Emprise Bank raised its position in Home Depot by 0.8% in the third quarter. Emprise Bank now owns 3,135 shares of the home improvement retailer’s stock valued at $1,270,000 after purchasing an additional 26 shares during the last quarter. Stegent Equity Advisors Inc. grew its position in shares of Home Depot by 2.7% in the 3rd quarter. Stegent Equity Advisors Inc. now owns 1,006 shares of the home improvement retailer’s stock valued at $408,000 after buying an additional 26 shares during the last quarter. Curio Wealth LLC boosted its holdings in Home Depot by 13.5% in the fourth quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer’s stock valued at $76,000 after acquiring an additional 26 shares during the last quarter. BWM Planning LLC raised its holdings in Home Depot by 0.7% during the 2nd quarter. BWM Planning LLC now owns 4,105 shares of the home improvement retailer’s stock worth $1,505,000 after purchasing an additional 27 shares during the last quarter. Finally, Navis Wealth Advisors LLC lifted its position in shares of Home Depot by 1.8% in the 2nd quarter. Navis Wealth Advisors LLC now owns 1,532 shares of the home improvement retailer’s stock worth $562,000 after purchasing an additional 27 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

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.