Horizon Investments LLC Sells 10,761 Shares of The Home Depot, Inc. $HD

Horizon Investments LLC reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 14.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 63,419 shares of the home improvement retailer’s stock after selling 10,761 shares during the period. Horizon Investments LLC’s holdings in Home Depot were worth $21,822,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Stegent Equity Advisors Inc. lifted its holdings in Home Depot by 2.7% during the 3rd quarter. Stegent Equity Advisors Inc. now owns 1,006 shares of the home improvement retailer’s stock valued at $408,000 after purchasing an additional 26 shares during the last quarter. Unique Wealth LLC raised its stake in shares of Home Depot by 1.2% in the third quarter. Unique Wealth LLC now owns 2,280 shares of the home improvement retailer’s stock worth $924,000 after acquiring an additional 27 shares during the last quarter. Arcus Capital Partners LLC raised its stake in shares of Home Depot by 1.1% in the third quarter. Arcus Capital Partners LLC now owns 2,445 shares of the home improvement retailer’s stock worth $991,000 after acquiring an additional 27 shares during the last quarter. Westfuller Advisors LLC raised its stake in shares of Home Depot by 2.1% in the fourth quarter. Westfuller Advisors LLC now owns 1,325 shares of the home improvement retailer’s stock worth $456,000 after acquiring an additional 27 shares during the last quarter. Finally, Darwin Wealth Management LLC raised its stake in shares of Home Depot by 0.5% in the fourth quarter. Darwin Wealth Management LLC now owns 4,949 shares of the home improvement retailer’s stock worth $1,703,000 after acquiring an additional 27 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Down 1.4%

HD opened at $324.22 on Friday. The Home Depot, Inc. has a 12 month low of $315.31 and a 12 month high of $426.75. The firm’s fifty day simple moving average is $343.27 and its 200 day simple moving average is $359.36. The stock has a market capitalization of $322.93 billion, a P/E ratio of 22.78, a P/E/G ratio of 3.59 and a beta of 1.09. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, topping the consensus estimate of $2.52 by $0.20. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The business had revenue of $38.20 billion during the quarter, compared to analysts’ expectations of $38.01 billion. During the same quarter in the prior year, the company posted $3.13 earnings per share. The firm’s revenue was down 3.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.03 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were issued a dividend of $2.33 per share. The ex-dividend date was Thursday, March 12th. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. This represents a $9.32 annualized dividend and a yield of 2.9%. Home Depot’s dividend 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 transaction of $940,669.50. Following the sale, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at approximately $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 through this hyperlink. Company insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

HD has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Jefferies Financial Group lifted their price target on shares of Home Depot from $424.00 to $454.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Home Depot in a research report on Friday, March 27th. UBS Group restated an “outperform” rating on shares of Home Depot in a report on Tuesday, March 24th. Finally, BNP Paribas Exane decreased their price objective on shares of Home Depot from $391.00 to $348.00 and set a “neutral” rating for the company in a report on Tuesday, March 24th. 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $414.17.

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.