PFA Pension Forsikringsaktieselskab Makes New Investment in The Home Depot, Inc. $HD

PFA Pension Forsikringsaktieselskab acquired a new position in shares of The Home Depot, Inc. (NYSE:HD) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 497,833 shares of the home improvement retailer’s stock, valued at approximately $172,424,000.

Other large investors also recently bought and sold shares of the company. Parvin Asset Management LLC raised its position in Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after buying an additional 33 shares during the last quarter. Financially Speaking Inc purchased a new position in Home Depot during the 3rd quarter worth $31,000. Key Capital Management INC purchased a new position in Home Depot during the 4th quarter worth $28,000. Imprint Wealth LLC purchased a new position in Home Depot during the 3rd quarter worth $34,000. Finally, AXS Investments LLC purchased a new position in Home Depot during the 3rd quarter worth $38,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HD. Daiwa Securities Group increased their price target on shares of Home Depot from $360.00 to $390.00 and gave the company a “neutral” rating in a report on Thursday, February 26th. Morgan Stanley increased their price target on shares of Home Depot from $412.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday. BNP Paribas Exane cut their price target on shares of Home Depot from $391.00 to $348.00 and set a “neutral” rating for the company in a report on Tuesday, March 24th. Piper Sandler cut their price target 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, Wells Fargo & Company increased their price target on shares of Home Depot from $395.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average target price of $414.17.

Insider Buying and Selling

In related news, CFO Richard V. Mcphail sold 2,550 shares of the 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 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.08% of the company’s stock.

Home Depot Stock Performance

Shares of HD opened at $324.22 on Friday. The company has a 50-day simple moving average of $343.27 and a 200-day simple moving average of $359.36. 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 company has a market capitalization of $322.93 billion, a PE ratio of 22.78, a P/E/G ratio of 3.59 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.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.20. The firm had revenue of $38.20 billion for the quarter, compared to analysts’ expectations of $38.01 billion. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The firm’s revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the company earned $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Equities research analysts predict that The Home Depot, Inc. will post 15.03 earnings per share 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 paid a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, March 12th. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s dividend payout ratio is currently 65.50%.

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.