The Home Depot, Inc. $HD Shares Sold by Mcdonald Partners LLC

Mcdonald Partners LLC cut its holdings in The Home Depot, Inc. (NYSE:HD) by 25.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,646 shares of the home improvement retailer’s stock after selling 2,246 shares during the period. Mcdonald Partners LLC’s holdings in Home Depot were worth $2,287,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Core Alternative Capital boosted its holdings in shares of Home Depot by 27.0% in the 4th quarter. Core Alternative Capital now owns 4,211 shares of the home improvement retailer’s stock valued at $1,449,000 after buying an additional 894 shares during the period. Woodard & Co. Asset Management Group Inc. ADV lifted its position in Home Depot by 16.2% in the 4th quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 13,410 shares of the home improvement retailer’s stock valued at $4,615,000 after purchasing an additional 1,865 shares during the last quarter. Alliance Wealth Strategies LLC d b a Brown Edwards Wealth Strategies bought a new stake in Home Depot in the 4th quarter valued at about $275,000. VELA Investment Management LLC lifted its position in Home Depot by 11.7% in the 4th quarter. VELA Investment Management LLC now owns 3,927 shares of the home improvement retailer’s stock valued at $1,351,000 after purchasing an additional 411 shares during the last quarter. Finally, Sawyer & Company Inc lifted its position in Home Depot by 1.3% in the 4th quarter. Sawyer & Company Inc now owns 8,581 shares of the home improvement retailer’s stock valued at $2,953,000 after purchasing an additional 113 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HD. Weiss Ratings reiterated a “hold (c+)” rating on shares of Home Depot in a research report on Friday, March 27th. Wells Fargo & Company lifted their price objective on shares of Home Depot from $395.00 to $420.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Evercore cut their price objective on shares of Home Depot from $425.00 to $415.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 31st. DA Davidson lifted their price objective on shares of Home Depot from $407.00 to $445.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Finally, Sanford C. Bernstein lifted their price objective on shares of Home Depot from $381.00 to $390.00 and gave the company a “market perform” rating in a research report on Wednesday, February 25th. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $414.17.

Home Depot Stock Down 1.4%

Home Depot stock opened at $324.22 on Friday. The stock has a market cap of $322.93 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 3.54 and a beta of 1.00. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62. The company’s 50-day moving average price is $343.27 and its two-hundred day moving average price is $359.22. The Home Depot, Inc. has a 52 week low of $315.31 and a 52 week high of $426.75.

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

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were paid a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, March 12th. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s dividend payout ratio is 65.50%.

Insider Buying and Selling

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total transaction of $940,669.50. Following the transaction, the chief financial officer owned 44,566 shares of the company’s stock, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.08% of the company’s stock.

Home Depot 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.