Independent Advisor Alliance Sells 2,323 Shares of The Home Depot, Inc. $HD

Independent Advisor Alliance lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 105,072 shares of the home improvement retailer’s stock after selling 2,323 shares during the period. Home Depot makes up approximately 0.9% of Independent Advisor Alliance’s holdings, making the stock its 17th biggest holding. Independent Advisor Alliance’s holdings in Home Depot were worth $36,155,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Silphium Asset Management Ltd grew its position in Home Depot by 77.2% in the 3rd quarter. Silphium Asset Management Ltd now owns 13,544 shares of the home improvement retailer’s stock valued at $5,488,000 after acquiring an additional 5,900 shares during the last quarter. Truist Financial Corp grew its position in Home Depot by 0.3% in the 3rd quarter. Truist Financial Corp now owns 1,095,113 shares of the home improvement retailer’s stock valued at $443,729,000 after acquiring an additional 3,608 shares during the last quarter. Atlantic Union Bankshares Corp grew its position in Home Depot by 59.9% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 107,438 shares of the home improvement retailer’s stock valued at $43,533,000 after acquiring an additional 40,232 shares during the last quarter. Carnegie Investment Counsel grew its position in Home Depot by 24.8% in the 4th quarter. Carnegie Investment Counsel now owns 108,306 shares of the home improvement retailer’s stock valued at $37,268,000 after acquiring an additional 21,545 shares during the last quarter. Finally, Savvy Advisors Inc. grew its position in Home Depot by 36.0% in the 4th quarter. Savvy Advisors Inc. now owns 19,478 shares of the home improvement retailer’s stock valued at $6,703,000 after acquiring an additional 5,152 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

HD opened at $310.61 on Wednesday. The Home Depot, Inc. has a 12-month low of $309.11 and a 12-month high of $426.75. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62. The business’s fifty day simple moving average is $335.81 and its 200-day simple moving average is $355.95. The company has a market capitalization of $309.38 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings data 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. The firm had revenue of $38.20 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the business posted $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.03 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were paid a dividend of $2.33 per share. This is an increase from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date was Thursday, March 12th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.0%. Home Depot’s dividend payout ratio (DPR) is currently 65.50%.

Analyst Upgrades and Downgrades

Several brokerages have commented on HD. Daiwa Securities Group upped their price objective on Home Depot from $360.00 to $390.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. Sanford C. Bernstein increased their price target on Home Depot from $381.00 to $390.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 25th. DA Davidson increased their price target on Home Depot from $407.00 to $445.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Jefferies Financial Group increased their price target on Home Depot from $424.00 to $454.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Finally, Zacks Research raised Home Depot from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Twenty research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $409.14.

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 document filed with the SEC, which is available through this link. 0.08% of the stock is owned by company insiders.

Key Home Depot News

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Home Depot’s subsidiary SRS Distribution completed its acquisition of HVAC distributor Mingledorff’s, expanding HD’s presence in the professional HVAC market and supporting its long-term pro business growth strategy. Article Title
• Positive Sentiment: Several pieces highlighted Home Depot as an income/dividend stock with defensive appeal, which can attract investors looking for steady cash returns. Article Title
• Neutral Sentiment: Marketing and content partnerships, including a World Cup-related campaign with Men in Blazers, may help brand visibility but are not likely to move the stock meaningfully on their own. Article Title
• Neutral Sentiment: A study on which sectors produce the most 100-bagger stocks is interesting for market watchers, but it does not appear to be a direct catalyst for HD shares. Article Title
• Negative Sentiment: Analysts are looking for a year-over-year earnings decline in Home Depot’s upcoming report, raising the risk of a disappointment if demand remains soft. Article Title
• Negative Sentiment: Broader commentary on consumer discretionary weakness argues that higher rates and persistent inflation are hurting big-ticket spending, a headwind for Home Depot’s core home-improvement business. Article Title

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.