National Pension Service Acquires 53,737 Shares of The Home Depot, Inc. $HD

National Pension Service raised its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.5% during the second quarter, HoldingsChannel reports. The firm owned 2,243,280 shares of the home improvement retailer’s stock after buying an additional 53,737 shares during the quarter. National Pension Service’s holdings in Home Depot were worth $791,160,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parvin Asset Management LLC raised its position in Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares during the period. Zeit Capital LLC bought a new stake in Home Depot during the 2nd quarter valued at $26,000. Advocate Investing Services LLC purchased a new stake in Home Depot in the fourth quarter worth about $25,000. Cache Advisors LLC purchased a new stake in shares of Home Depot in the 1st quarter worth approximately $27,000. Finally, Imprint Wealth LLC bought a new position in shares of Home Depot during the third quarter valued at approximately $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 $310.74 on Thursday. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The stock has a market cap of $310.02 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 3.45 and a beta of 0.95. The business has a 50-day simple moving average of $337.16 and a 200-day simple moving average of $334.61.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm had revenue of $47.86 billion during the quarter, compared to analysts’ expectations of $47.24 billion. During the same period in the previous year, the business posted $4.68 EPS. The business’s revenue was up 5.7% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 15 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be given a dividend of $2.33 per share. The ex-dividend date is Thursday, September 3rd. 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 65.22%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HD. Weiss Ratings upgraded Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 7th. Gordon Haskett boosted their price target on Home Depot from $320.00 to $330.00 in a research note on Friday, June 12th. Royal Bank Of Canada decreased their target price on Home Depot from $343.00 to $342.00 and set a “sector perform” rating for the company in a report on Wednesday, August 19th. Stifel Nicolaus upped their target price on Home Depot from $320.00 to $340.00 and gave the company a “hold” rating in a research report on Monday, August 17th. Finally, Mizuho increased their price target on shares of Home Depot from $385.00 to $390.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $375.18.

Insider Activity

In related news, EVP Teresa Roseborough sold 2,455 shares of Home Depot stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $328.77, for a total value of $807,130.35. Following the completion of the transaction, the executive vice president owned 14,061 shares in the company, valued at $4,622,834.97. The trade was a 14.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Rowe sold 710 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total value of $239,099.60. Following the completion of the transaction, the executive vice president directly owned 6,838 shares of the company’s stock, valued at $2,302,764.88. The trade was a 9.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 9,154 shares of company stock worth $3,132,798 in the last ninety days. Company insiders own 0.08% of the company’s stock.

Home Depot Profile

The Home Depot, Inc is a home improvement retailer that sells building materials, appliances, decor, hardware, tools, paint, lawn and garden products, and related merchandise. The company serves do-it-yourself customers, professional contractors, homebuilders, and other commercial customers through its retail stores and digital platforms.

Home Depot also provides services such as equipment and tool rental, delivery, installation, and project support. Its professional-focused offerings include job-lot quantities, specialized products, credit services, and account support designed for contractors and other trade customers.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, the company is headquartered in Atlanta, Georgia.