Tredje AP fonden Has $101.70 Million Holdings in The Home Depot, Inc. $HD

Tredje AP fonden raised its holdings in The Home Depot, Inc. (NYSE:HD) by 88.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 295,558 shares of the home improvement retailer’s stock after acquiring an additional 138,439 shares during the quarter. Home Depot accounts for 0.8% of Tredje AP fonden’s investment portfolio, making the stock its 29th biggest holding. Tredje AP fonden’s holdings in Home Depot were worth $101,702,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in HD. Silphium Asset Management Ltd raised its position in shares of Home Depot by 77.2% during the third quarter. Silphium Asset Management Ltd now owns 13,544 shares of the home improvement retailer’s stock worth $5,488,000 after purchasing an additional 5,900 shares during the period. Truist Financial Corp raised its position in shares of Home Depot by 0.3% during the third quarter. Truist Financial Corp now owns 1,095,113 shares of the home improvement retailer’s stock worth $443,729,000 after purchasing an additional 3,608 shares during the period. Atlantic Union Bankshares Corp raised its position in shares of Home Depot by 59.9% during the third quarter. Atlantic Union Bankshares Corp now owns 107,438 shares of the home improvement retailer’s stock worth $43,533,000 after purchasing an additional 40,232 shares during the period. Carnegie Investment Counsel raised its position in shares of Home Depot by 24.8% during the fourth quarter. Carnegie Investment Counsel now owns 108,306 shares of the home improvement retailer’s stock worth $37,268,000 after purchasing an additional 21,545 shares during the period. Finally, Savvy Advisors Inc. raised its position in shares of Home Depot by 36.0% during the fourth quarter. Savvy Advisors Inc. now owns 19,478 shares of the home improvement retailer’s stock worth $6,703,000 after purchasing an additional 5,152 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HD. Truist Financial lowered their target price on Home Depot from $424.00 to $394.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. The Goldman Sachs Group lowered their target price on Home Depot from $413.00 to $409.00 in a research report on Wednesday, February 25th. Morgan Stanley upped their target price on Home Depot from $412.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Gordon Haskett lowered their target price on Home Depot from $395.00 to $330.00 in a research report on Friday, May 8th. Finally, Piper Sandler cut their price target on Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a research note on Friday. Twenty analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $401.34.

Home Depot Trading Up 0.8%

NYSE HD opened at $299.98 on Tuesday. The firm has a market capitalization of $298.79 billion, a P/E ratio of 21.08, a PEG ratio of 3.43 and a beta of 1.00. The business has a fifty day simple moving average of $330.53 and a 200 day simple moving average of $353.57. The Home Depot, Inc. has a 12 month low of $296.88 and a 12 month high of $426.75. 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 released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating analysts’ consensus estimates of $3.42 by $0.01. The business had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, analysts predict that The Home Depot, Inc. will post 15.03 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were paid a $2.33 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date was Thursday, March 12th. This represents a $9.32 dividend on an annualized basis and a yield of 3.1%. Home Depot’s dividend payout ratio is currently 65.50%.

Home Depot News Summary

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Some analysts still see upside potential, with Barclays remaining constructive on Home Depot amid improving fundamentals and easier comparisons, while other commentary suggests the company could benefit if housing activity stabilizes. Barclays Bullish on Home Depot Inc. (HD) amid Improving Fundamentals and Comparisons
• Positive Sentiment: Several previews argue the upcoming earnings report could reveal stronger-than-expected performance and potentially reset expectations higher if Home Depot shows resilience in sales and profitability. Home Depot’s Next Earnings Report on May 19 Could Send the Stock Soaring. Here’s Why.
• Neutral Sentiment: Wall Street expects a big post-earnings move, with options traders pricing in a sizable swing around the results, but that reflects uncertainty rather than a clear directional catalyst. Home Depot (HD) Stock Options Traders Are Pricing In a $15 Price Swing after Earnings
• Negative Sentiment: Piper Sandler said demand trends remain sluggish and trimmed its price target slightly, reinforcing concerns that Home Depot’s near-term sales growth could stay muted. Home Depot (HD) Faces Sluggish Demand Trends, Says Piper Sandler
• Negative Sentiment: Oppenheimer cut its price target sharply to $310 and moved to a market-perform rating, signaling more caution ahead of earnings as investors worry about housing weakness and consumer pressure. Semi And Options Mania Collide With Bond Rout Ahead Of Earnings From Nvidia, Home Depot, Walmart
• Negative Sentiment: Multiple previews say Home Depot may lower full-year guidance when it reports, which would likely pressure the stock if management confirms softer demand and margin headwinds. Home Depot, Lowe’s Seen Trimming Full-Year Outlook as Macro Pressures Build, Oppenheimer Says

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 stock was sold at an average price of $368.89, for a total value of $940,669.50. Following the completion of the transaction, the chief financial officer owned 44,566 shares in the company, valued at $16,439,951.74. This represents a 5.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is owned by company insiders.

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.