Savant Capital LLC Cuts Stake in The Home Depot, Inc. $HD

Savant Capital LLC lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 19.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,764 shares of the home improvement retailer’s stock after selling 12,332 shares during the period. Savant Capital LLC’s holdings in Home Depot were worth $17,812,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parvin Asset Management LLC raised its holdings in Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares in the last quarter. Financially Speaking Inc bought a new position in Home Depot in the third quarter worth about $31,000. Key Capital Management INC bought a new position in Home Depot in the fourth quarter worth about $28,000. Imprint Wealth LLC bought a new position in Home Depot in the third quarter worth about $34,000. Finally, Navalign LLC bought a new position in Home Depot in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD stock opened at $317.41 on Friday. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The firm has a market capitalization of $316.15 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 3.71 and a beta of 1.00. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. The stock’s 50-day simple moving average is $324.70 and its 200-day simple moving average is $349.76.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $41.59 billion. During the same quarter in the previous year, the firm earned $3.56 earnings per share. The company’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, equities analysts forecast that The Home Depot, Inc. will post 15.02 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.9%. Home Depot’s payout ratio is presently 66.19%.

Insider Buying and Selling at Home Depot

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

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent research reports. Mizuho reduced their target price on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Royal Bank Of Canada reduced their target price on shares of Home Depot from $377.00 to $340.00 and set a “sector perform” rating for the company in a report on Wednesday, May 20th. Citigroup reduced their target price on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Truist Financial reduced their target price on shares of Home Depot from $394.00 to $369.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $346.00 target price on shares of Home Depot in a report on Wednesday, May 20th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target 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.