Syon Capital LLC Sells 1,937 Shares of The Home Depot, Inc. $HD

Syon Capital LLC trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 13.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,088 shares of the home improvement retailer’s stock after selling 1,937 shares during the quarter. Syon Capital LLC’s holdings in Home Depot were worth $4,159,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of HD. Norges Bank bought a new stake in Home Depot during the 4th quarter worth approximately $4,850,329,000. Wellington Management Group LLP increased its stake in Home Depot by 60.8% during the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock worth $4,109,878,000 after purchasing an additional 3,836,051 shares in the last quarter. Vanguard Group Inc. increased its stake in Home Depot by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock worth $34,284,672,000 after purchasing an additional 1,325,748 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Home Depot by 37.6% during the 3rd quarter. Franklin Resources Inc. now owns 3,806,308 shares of the home improvement retailer’s stock worth $1,542,278,000 after acquiring an additional 1,040,577 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Home Depot by 215.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,248,615 shares of the home improvement retailer’s stock worth $429,648,000 after acquiring an additional 852,719 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Price Performance

NYSE:HD opened at $310.73 on Friday. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. 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 stock has a market capitalization of $309.83 billion, a PE ratio of 22.07, a P/E/G ratio of 3.59 and a beta of 0.97. The firm has a fifty day simple moving average of $322.95 and a 200 day simple moving average of $347.74.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping 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 the consensus estimate of $41.59 billion. During the same quarter last year, the firm earned $3.56 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company 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. The ex-dividend date of this dividend is Thursday, June 4th. 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 currently 66.19%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HD. HSBC decreased their price target on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a research note on Wednesday, May 20th. Gordon Haskett decreased their price target on shares of Home Depot from $330.00 to $320.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. Bank of America began coverage on shares of Home Depot in a research note on Tuesday, May 5th. They set a “buy” rating and a $374.00 price target for the company. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $346.00 price target on shares of Home Depot in a research note on Wednesday, May 20th. Finally, Wall Street Zen raised shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Nineteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $371.36.

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.