Banque Cantonale Vaudoise Trims Holdings in The Home Depot, Inc. $HD

Banque Cantonale Vaudoise lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 6.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 38,708 shares of the home improvement retailer’s stock after selling 2,717 shares during the period. Home Depot makes up approximately 0.6% of Banque Cantonale Vaudoise’s investment portfolio, making the stock its 27th largest position. Banque Cantonale Vaudoise’s holdings in Home Depot were worth $15,684,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Silphium Asset Management Ltd lifted its holdings in 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 in the last quarter. West Family Investments Inc. increased its position in shares of Home Depot by 65.6% during the second quarter. West Family Investments Inc. now owns 3,630 shares of the home improvement retailer’s stock worth $1,331,000 after acquiring an additional 1,438 shares during the period. Truist Financial Corp increased 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 acquiring an additional 3,608 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of Home Depot by 2.3% in the third quarter. Asset Management One Co. Ltd. now owns 534,564 shares of the home improvement retailer’s stock valued at $216,600,000 after acquiring an additional 12,239 shares in the last quarter. Finally, Atlantic Union Bankshares Corp raised its stake in shares of Home Depot by 59.9% in the third quarter. Atlantic Union Bankshares Corp now owns 107,438 shares of the home improvement retailer’s stock valued at $43,533,000 after acquiring an additional 40,232 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insiders Place Their Bets

In other Home Depot news, EVP Angie Brown sold 1,946 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $357.63, for a total value of $695,947.98. Following the transaction, the executive vice president directly owned 3,941 shares in the company, valued at $1,409,419.83. This represents a 33.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Richard V. Mcphail sold 2,550 shares of the firm’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 transaction of $940,669.50. Following the sale, the chief financial officer directly owned 44,566 shares in the company, valued at approximately $16,439,951.74. The trade was a 5.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 7,513 shares of company stock valued at $2,689,515. 0.10% of the stock is owned by company insiders.

Home Depot Stock Performance

NYSE:HD opened at $353.35 on Tuesday. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $426.75. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.06 and a quick ratio of 0.26. The firm has a market capitalization of $351.76 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 12.86 and a beta of 1.09. The business’s fifty day moving average price is $373.70 and its 200 day moving average price is $378.14.

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 analysts’ consensus estimates of $2.52 by $0.20. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The company had revenue of $38.20 billion during the quarter, compared to the consensus estimate of $38.01 billion. During the same period in the previous year, the business earned $3.13 EPS. Home Depot’s revenue for the quarter was down 3.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be issued a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a yield of 2.6%. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date of this dividend is Thursday, March 12th. Home Depot’s dividend payout ratio is currently 64.65%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HD. Zacks Research raised Home Depot from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. reduced their price target on Home Depot from $444.00 to $423.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 19th. Evercore decreased their price objective on Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Argus lowered their price objective on Home Depot from $450.00 to $425.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Finally, DZ Bank restated a “sell” rating on shares of Home Depot in a research note on Tuesday, November 18th. 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $416.00.

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.