Vestcor Inc Sells 7,986 Shares of The Home Depot, Inc. $HD

Vestcor Inc trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 19.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,416 shares of the home improvement retailer’s stock after selling 7,986 shares during the period. Vestcor Inc’s holdings in Home Depot were worth $13,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Sagard Holdings Management Inc. purchased a new stake in Home Depot during the second quarter valued at $29,000. Financially Speaking Inc bought a new stake in shares of Home Depot in the 3rd quarter worth about $31,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Home Depot during the 2nd quarter valued at about $32,000. Legacy Investment Solutions LLC bought a new position in shares of Home Depot in the 2nd quarter valued at about $35,000. Finally, Dougherty Wealth Advisers LLC purchased a new position in Home Depot in the third quarter worth about $38,000. 70.86% of the stock is currently owned by institutional investors.

Insider Activity at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were 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 of the company’s stock, valued at $16,439,951.74. The trade was a 5.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Angie Brown sold 1,946 shares of the company’s 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 completion of the transaction, the executive vice president owned 3,941 shares in the company, valued at $1,409,419.83. This represents a 33.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 7,513 shares of company stock worth $2,689,515. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HD shares. Wolfe Research raised their price objective on Home Depot from $413.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday, February 25th. Daiwa Securities Group raised their price target on Home Depot from $360.00 to $390.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Zacks Research raised shares of Home Depot from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Guggenheim increased their target price on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Finally, Robert W. Baird raised their target price on shares of Home Depot from $400.00 to $430.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $416.00.

Home Depot Price Performance

HD opened at $358.28 on Monday. The business has a fifty day moving average of $373.58 and a 200 day moving average of $378.45. The stock has a market cap of $356.67 billion, a P/E ratio of 25.18, a PEG 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 Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $426.75.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share 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 for the quarter, compared to analyst estimates of $38.01 billion. The business’s revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the firm posted $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

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

Home Depot 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.