Rossmore Private Capital Acquires 6,682 Shares of The Home Depot, Inc. $HD

Rossmore Private Capital boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 23.7% in the fourth quarter, HoldingsChannel reports. The firm owned 34,914 shares of the home improvement retailer’s stock after purchasing an additional 6,682 shares during the period. Home Depot makes up about 1.1% of Rossmore Private Capital’s investment portfolio, making the stock its 24th biggest holding. Rossmore Private Capital’s holdings in Home Depot were worth $12,014,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Home Depot by 1.3% in the fourth 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. Capital Research Global Investors increased its holdings in Home Depot by 0.3% in the third quarter. Capital Research Global Investors now owns 11,400,133 shares of the home improvement retailer’s stock worth $4,619,229,000 after purchasing an additional 30,739 shares in the last quarter. Wellington Management Group LLP increased its holdings in Home Depot by 60.8% in the third 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. Fisher Asset Management LLC increased its holdings in Home Depot by 2.0% in the third quarter. Fisher Asset Management LLC now owns 10,130,293 shares of the home improvement retailer’s stock worth $4,104,694,000 after purchasing an additional 197,211 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Home Depot by 1.9% in the third quarter. Legal & General Group Plc now owns 6,181,165 shares of the home improvement retailer’s stock worth $2,504,546,000 after purchasing an additional 116,875 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

More Home Depot News

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

• Positive Sentiment: Telsey Advisory reiterated a Buy rating on Home Depot, suggesting at least one Wall Street firm still sees value in the shares despite recent volatility.
• Positive Sentiment: Some commentary has highlighted Home Depot as a potential beneficiary if housing turnover and mortgage-rate conditions improve, which could support future sales and earnings.
• Neutral Sentiment: Investors are watching Home Depot closely ahead of earnings on May 19, with articles focusing on whether pro demand, digital tools, and repair projects can offset a weaker housing backdrop.
• Neutral Sentiment: Jim Cramer said Home Depot can perform well in a lower-rate environment, but also noted the stock needs stronger housing turnover to really accelerate.
• Negative Sentiment: Sanford C. Bernstein cut its price target on Home Depot to $365 from $390 and kept a Market Perform rating, reflecting a more cautious view on near-term upside.
• Negative Sentiment: A new class-action lawsuit reportedly pressured the stock, adding legal uncertainty at an already sensitive time for investors.
• Negative Sentiment: Recent pre-earnings pullback and broader worries about housing turnover have also weighed on sentiment, helping explain why Home Depot stock has been moving lower.

Insider Transactions at Home Depot

In related 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 transaction of $940,669.50. Following the completion of the sale, the chief financial officer owned 44,566 shares in the company, valued at approximately $16,439,951.74. This represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on HD. Gordon Haskett lowered their target price on Home Depot from $395.00 to $330.00 in a report on Friday, May 8th. Royal Bank Of Canada lifted their target price on Home Depot from $363.00 to $377.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 25th. Piper Sandler cut their target price on Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a report on Friday. Sanford C. Bernstein decreased their price target on shares of Home Depot from $390.00 to $365.00 and set a “market perform” rating for the company in a research note on Thursday. Finally, Jefferies Financial Group boosted their price target on shares of Home Depot from $424.00 to $454.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Twenty 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $405.66.

Home Depot Stock Performance

Shares of HD stock opened at $297.34 on Monday. The firm has a market capitalization of $296.16 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 3.43 and a beta of 1.00. The firm has a fifty day simple moving average of $331.77 and a two-hundred day simple moving average of $354.17. 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 Home Depot, Inc. has a 12 month low of $296.88 and a 12 month high of $426.75.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.20. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The business had revenue of $38.20 billion during the quarter, compared to the consensus estimate of $38.01 billion. During the same quarter in the prior year, the company posted $3.13 earnings per share. Home Depot’s revenue was down 3.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Analysts forecast that The Home Depot, Inc. will post 15.03 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were issued a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 3.1%. This is an increase from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date was Thursday, March 12th. Home Depot’s dividend payout ratio is currently 65.50%.

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.