Healthcare of Ontario Pension Plan Trust Fund Sells 365,792 Shares of The Home Depot, Inc. $HD

Healthcare of Ontario Pension Plan Trust Fund trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 51.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 347,115 shares of the home improvement retailer’s stock after selling 365,792 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Home Depot were worth $119,442,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Curio Wealth LLC boosted its holdings in shares of Home Depot by 13.5% during the 4th quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer’s stock worth $76,000 after buying an additional 26 shares in the last quarter. Westfuller Advisors LLC boosted its holdings in shares of Home Depot by 2.1% during the 4th quarter. Westfuller Advisors LLC now owns 1,325 shares of the home improvement retailer’s stock worth $456,000 after buying an additional 27 shares in the last quarter. Darwin Wealth Management LLC raised its position in shares of Home Depot by 0.5% during the fourth quarter. Darwin Wealth Management LLC now owns 4,949 shares of the home improvement retailer’s stock worth $1,703,000 after purchasing an additional 27 shares during the period. Alesco Advisors LLC raised its position in shares of Home Depot by 3.2% during the fourth quarter. Alesco Advisors LLC now owns 866 shares of the home improvement retailer’s stock worth $298,000 after purchasing an additional 27 shares during the period. Finally, Canandaigua National Trust Co of Florida raised its position in shares of Home Depot by 1.3% during the fourth quarter. Canandaigua National Trust Co of Florida now owns 2,178 shares of the home improvement retailer’s stock worth $749,000 after purchasing an additional 27 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HD. UBS Group lowered their target price on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Guggenheim reaffirmed a “buy” rating and set a $425.00 target price on shares of Home Depot in a research report on Wednesday, May 20th. Daiwa Securities Group upped their target price on Home Depot from $360.00 to $390.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Jefferies Financial Group lowered their target price on Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Finally, TD Cowen lowered their target price on Home Depot from $450.00 to $375.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Nineteen 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 a consensus price target of $371.71.

Home Depot Trading Down 0.0%

Shares of Home Depot stock opened at $328.37 on Monday. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The firm has a market cap of $327.42 billion, a PE ratio of 23.32, a P/E/G ratio of 3.79 and a beta of 0.97. The stock has a fifty day moving average price of $322.44 and a 200-day moving average price of $347.12. 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 announced its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. During the same period last year, the firm posted $3.56 EPS. The business’s revenue was up 4.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be given a dividend of $2.33 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. Home Depot’s dividend payout ratio (DPR) is currently 66.19%.

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.