Intact Investment Management Inc. Increases Position in The Home Depot, Inc. $HD

Intact Investment Management Inc. raised its position in The Home Depot, Inc. (NYSE:HD) by 35.4% during the fourth quarter, Holdings Channel reports. The firm owned 57,800 shares of the home improvement retailer’s stock after buying an additional 15,100 shares during the quarter. Intact Investment Management Inc.’s holdings in Home Depot were worth $19,889,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HD. Parvin Asset Management LLC increased its position in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 33 shares during the period. Key Capital Management INC purchased a new stake in shares of Home Depot during the fourth quarter worth $28,000. Financially Speaking Inc purchased a new stake in shares of Home Depot during the third quarter worth $31,000. Imprint Wealth LLC purchased a new stake in shares of Home Depot during the third quarter worth $34,000. Finally, Disciplined Equity Management Inc. purchased a new stake in shares of Home Depot during the fourth quarter worth $34,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $324.22 on Monday. 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 firm has a fifty day moving average price of $343.27 and a 200 day moving average price of $359.02. The company has a market cap of $322.93 billion, a P/E ratio of 22.78, a PEG ratio of 3.54 and a beta of 1.00. The Home Depot, Inc. has a 12 month low of $315.31 and a 12 month high of $426.75.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.20. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The firm had revenue of $38.20 billion during the quarter, compared to the consensus estimate of $38.01 billion. During the same quarter in the previous year, the firm posted $3.13 earnings per share. The company’s revenue was down 3.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Sell-side analysts predict 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. Shareholders of record on Thursday, March 12th were paid a $2.33 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.30. This represents a $9.32 annualized dividend and a yield of 2.9%. The ex-dividend date was Thursday, March 12th. Home Depot’s payout ratio is currently 65.50%.

Insider Transactions at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer owned 44,566 shares in the company, valued at $16,439,951.74. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.08% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HD. Sanford C. Bernstein upped their price objective 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. Piper Sandler cut their price objective on Home Depot from $441.00 to $422.00 and set an “overweight” rating on the stock in a research report on Monday, February 23rd. Wall Street Zen raised Home Depot from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Robert W. Baird upped their price objective on Home Depot from $400.00 to $430.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Finally, Evercore cut their price objective on Home Depot from $425.00 to $415.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 31st. Twenty investment 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. According to MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $414.17.

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.