Oppenheimer Asset Management Inc. Sells 21,806 Shares of The Home Depot, Inc. $HD

Oppenheimer Asset Management Inc. lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 21.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,369 shares of the home improvement retailer’s stock after selling 21,806 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Home Depot were worth $27,311,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Secured Retirement Advisors LLC raised its stake in shares of Home Depot by 5.0% during the 4th quarter. Secured Retirement Advisors LLC now owns 1,054 shares of the home improvement retailer’s stock worth $363,000 after purchasing an additional 50 shares in the last quarter. Belleair Asset Management LLC bought a new stake in shares of Home Depot during the 4th quarter worth approximately $282,000. Reicon Wealth Advisors LLC bought a new stake in shares of Home Depot during the 4th quarter worth approximately $353,000. Bell & Brown Wealth Advisors LLC increased its holdings in shares of Home Depot by 2.9% during the 4th quarter. Bell & Brown Wealth Advisors LLC now owns 9,839 shares of the home improvement retailer’s stock worth $3,385,000 after acquiring an additional 281 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of Home Depot by 1.5% during the 4th quarter. Jennison Associates LLC now owns 12,217 shares of the home improvement retailer’s stock worth $4,204,000 after acquiring an additional 182 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

HD opened at $329.22 on Friday. The firm has a market cap of $327.92 billion, a P/E ratio of 23.14, a price-to-earnings-growth ratio of 3.53 and a beta of 1.09. The Home Depot, Inc. has a 52-week low of $315.31 and a 52-week high of $426.75. 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 business’s fifty day moving average is $343.27 and its 200-day moving average is $359.36.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, topping the consensus estimate 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 prior year, the company earned $3.13 EPS. Home Depot’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. Sell-side analysts expect that The Home Depot, Inc. will post 15.03 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were given a dividend of $2.33 per share. The ex-dividend date was Thursday, March 12th. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. This is an increase from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s dividend payout ratio is currently 65.50%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Jefferies Financial Group upped their price objective on Home Depot from $424.00 to $454.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Wolfe Research upped their price objective on Home Depot from $413.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. Citigroup upped their price objective on Home Depot from $407.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Truist Financial set a $424.00 price objective on Home Depot in a report on Tuesday, February 24th. Finally, Zacks Research raised Home Depot from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $414.17.

Insider Buying and Selling at Home Depot

In related news, CFO Richard V. Mcphail sold 2,550 shares of the company’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 directly owned 44,566 shares in the company, valued at $16,439,951.74. This represents a 5.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is currently owned by corporate insiders.

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.