Forsta AP Fonden Has $96.01 Million Holdings in The Home Depot, Inc. $HD

Forsta AP Fonden raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 10.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 279,020 shares of the home improvement retailer’s stock after purchasing an additional 26,420 shares during the quarter. Home Depot makes up approximately 0.6% of Forsta AP Fonden’s investment portfolio, making the stock its 22nd largest holding. Forsta AP Fonden’s holdings in Home Depot were worth $96,011,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Silphium Asset Management Ltd grew its position in shares of Home Depot by 77.2% during the 3rd quarter. Silphium Asset Management Ltd now owns 13,544 shares of the home improvement retailer’s stock worth $5,488,000 after buying an additional 5,900 shares during the period. Atlantic Union Bankshares Corp grew its position in shares of Home Depot by 59.9% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 107,438 shares of the home improvement retailer’s stock worth $43,533,000 after buying an additional 40,232 shares during the period. King Luther Capital Management Corp grew its position in shares of Home Depot by 0.6% during the 4th quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer’s stock worth $426,848,000 after buying an additional 7,180 shares during the period. Carnegie Investment Counsel grew its position in shares of Home Depot by 24.8% during the 4th quarter. Carnegie Investment Counsel now owns 108,306 shares of the home improvement retailer’s stock worth $37,268,000 after buying an additional 21,545 shares during the period. Finally, Savvy Advisors Inc. grew its position in shares of Home Depot by 36.0% during the 4th quarter. Savvy Advisors Inc. now owns 19,478 shares of the home improvement retailer’s stock worth $6,703,000 after buying an additional 5,152 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HD. Stifel Nicolaus cut their target price on Home Depot from $375.00 to $320.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Jefferies Financial Group cut their target price on Home Depot from $454.00 to $361.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. DA Davidson cut their target price on Home Depot from $445.00 to $377.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Telsey Advisory Group cut their target price on Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Finally, Wall Street Zen cut Home Depot from a “hold” rating to a “sell” rating in a report on Monday, May 25th. Twenty research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $371.39.

Insiders Place Their Bets

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

Home Depot Price Performance

Shares of NYSE:HD opened at $317.41 on Friday. 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’s fifty day simple moving average is $324.70 and its two-hundred day simple moving average is $349.76. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. The stock has a market cap of $316.15 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 3.71 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share 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 business had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. During the same period last year, the business earned $3.56 EPS. The business’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. As a group, analysts forecast that The Home Depot, Inc. will post 15.02 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be paid a dividend of $2.33 per share. The ex-dividend date is Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.9%. Home Depot’s dividend payout ratio (DPR) is 66.19%.

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.