Cercano Management LLC Increases Stake in The Home Depot, Inc. $HD

Cercano Management LLC lifted its stake in The Home Depot, Inc. (NYSE:HD) by 882.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,874 shares of the home improvement retailer’s stock after purchasing an additional 21,444 shares during the period. Cercano Management LLC’s holdings in Home Depot were worth $8,215,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Parvin Asset Management LLC lifted its position in shares of Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 33 shares in the last quarter. Financially Speaking Inc purchased a new position in Home Depot in the 3rd quarter worth approximately $31,000. Key Capital Management INC purchased a new position in Home Depot in the 4th quarter worth approximately $28,000. Imprint Wealth LLC purchased a new position in Home Depot in the 3rd quarter worth approximately $34,000. Finally, Navalign LLC purchased a new position in Home Depot in the 4th quarter worth approximately $31,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Richard V. Mcphail sold 2,550 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was 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 directly owned 44,566 shares in the company, valued at $16,439,951.74. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.08% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on HD shares. Royal Bank Of Canada lowered their price target on Home Depot from $377.00 to $340.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 20th. Weiss Ratings cut Home Depot from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Gordon Haskett cut their target price on Home Depot from $330.00 to $320.00 and set a “hold” rating on the stock in a research report on Tuesday, May 19th. BNP Paribas Exane cut their target price on Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. Finally, HSBC cut their price objective on Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a research report on Wednesday, May 20th. Nineteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $371.39.

Home Depot Price Performance

Shares of HD stock opened at $310.58 on Tuesday. The stock’s 50-day moving average is $324.35 and its 200 day moving average is $349.17. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. The company has a market cap of $309.68 billion, a P/E ratio of 22.06, a PEG ratio of 3.66 and a beta of 1.00.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The company had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. During the same period last year, the business posted $3.56 earnings per share. The firm’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. Research analysts predict that The Home Depot, Inc. will post 15.02 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be paid a $2.33 dividend. The ex-dividend date is Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a yield of 3.0%. Home Depot’s dividend payout ratio (DPR) is 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.