Capital Research Global Investors Decreases Holdings in The Home Depot, Inc. $HD

Capital Research Global Investors cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 10.8% during the 4th quarter, HoldingsChannel reports. The fund owned 10,172,313 shares of the home improvement retailer’s stock after selling 1,227,820 shares during the quarter. Capital Research Global Investors’ holdings in Home Depot were worth $3,500,301,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Capital International Sarl increased its stake in shares of Home Depot by 23.5% in the fourth quarter. Capital International Sarl now owns 63,580 shares of the home improvement retailer’s stock worth $21,878,000 after buying an additional 12,098 shares during the period. Capital International Ltd. CA increased its stake in shares of Home Depot by 29.8% in the fourth quarter. Capital International Ltd. CA now owns 31,347 shares of the home improvement retailer’s stock worth $10,787,000 after buying an additional 7,200 shares during the period. Capital International Inc. CA increased its stake in shares of Home Depot by 4.3% in the fourth quarter. Capital International Inc. CA now owns 150,368 shares of the home improvement retailer’s stock worth $51,742,000 after buying an additional 6,187 shares during the period. Capital International Investors increased its stake in shares of Home Depot by 2.6% in the fourth quarter. Capital International Investors now owns 5,081,712 shares of the home improvement retailer’s stock worth $1,748,726,000 after buying an additional 128,389 shares during the period. Finally, Capital Group Investment Management PTE. LTD. increased its stake in shares of Home Depot by 21.6% in the fourth quarter. Capital Group Investment Management PTE. LTD. now owns 6,242 shares of the home improvement retailer’s stock worth $2,148,000 after buying an additional 1,110 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Weiss Ratings downgraded shares of Home Depot from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. TD Cowen decreased their target price on shares of Home Depot from $450.00 to $375.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Morgan Stanley decreased their target price on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Evercore decreased their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Finally, Oppenheimer decreased their target price on shares of Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a research note on Monday, May 18th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $371.36.

Home Depot Stock Up 0.3%

Shares of Home Depot stock opened at $310.73 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The company’s fifty day simple moving average is $322.95 and its two-hundred day simple moving average is $347.74. The company has a market cap of $309.83 billion, a P/E ratio of 22.07, a PEG ratio of 3.59 and a beta of 0.97. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. During the same period in the previous year, the firm earned $3.56 EPS. The company’s quarterly 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 anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

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 issued a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Thursday, June 4th. Home Depot’s payout ratio is 66.19%.

Home Depot Company 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.