Intech Investment Management LLC Buys 4,725 Shares of The Home Depot, Inc. $HD

Intech Investment Management LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 15.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 34,352 shares of the home improvement retailer’s stock after acquiring an additional 4,725 shares during the period. Intech Investment Management LLC’s holdings in Home Depot were worth $11,821,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Parvin Asset Management LLC raised its holdings in Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 33 shares in the last quarter. Financially Speaking Inc bought a new stake in Home Depot during the third quarter worth about $31,000. Key Capital Management INC bought a new stake in Home Depot during the fourth quarter worth about $28,000. Imprint Wealth LLC bought a new stake in Home Depot during the third quarter worth about $34,000. Finally, Navalign LLC bought a new stake in Home Depot during the fourth quarter worth about $31,000. Institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.08% of the company’s stock.

Home Depot Price Performance

NYSE:HD opened at $317.41 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The stock’s 50 day moving average price is $324.70 and its two-hundred day moving average price is $349.76. The firm has a market capitalization of $316.15 billion, a price-to-earnings ratio of 22.54, a P/E/G ratio of 3.71 and a beta of 1.00. 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 posted its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $41.59 billion. During the same quarter in the prior year, the business earned $3.56 earnings per share. The firm’s revenue for the quarter 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, analysts anticipate that The Home Depot, Inc. will post 15.02 earnings per share for the current year.

Home Depot Dividend Announcement

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 given a $2.33 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $9.32 annualized dividend and a dividend yield of 2.9%. Home Depot’s dividend payout ratio is presently 66.19%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HD. Sanford C. Bernstein reiterated a “market perform” rating and set a $346.00 target price on shares of Home Depot in a report on Wednesday, May 20th. Jefferies Financial Group dropped their price objective on Home Depot from $454.00 to $361.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Guggenheim restated a “buy” rating and issued a $425.00 price objective on shares of Home Depot in a research note on Wednesday, May 20th. Citigroup dropped their price objective on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Finally, TD Cowen dropped their price objective on Home Depot from $450.00 to $375.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Twenty 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $371.39.

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.