Galvin Gaustad & Stein LLC Sells 2,758 Shares of The Home Depot, Inc. $HD

Galvin Gaustad & Stein LLC cut its holdings in The Home Depot, Inc. (NYSE:HD) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,635 shares of the home improvement retailer’s stock after selling 2,758 shares during the quarter. Home Depot accounts for approximately 1.5% of Galvin Gaustad & Stein LLC’s holdings, making the stock its 23rd largest position. Galvin Gaustad & Stein LLC’s holdings in Home Depot were worth $19,144,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HD. Gemmer Asset Management LLC raised its stake in Home Depot by 42.4% during the 4th quarter. Gemmer Asset Management LLC now owns 6,474 shares of the home improvement retailer’s stock valued at $2,228,000 after buying an additional 1,927 shares during the last quarter. Ramsay Stattman Vela & Price Inc. raised its stake in Home Depot by 0.7% during the 4th quarter. Ramsay Stattman Vela & Price Inc. now owns 34,123 shares of the home improvement retailer’s stock valued at $11,742,000 after buying an additional 232 shares during the last quarter. Assetmark Inc. raised its stake in Home Depot by 12.5% during the 4th quarter. Assetmark Inc. now owns 70,608 shares of the home improvement retailer’s stock valued at $24,296,000 after buying an additional 7,851 shares during the last quarter. Putney Financial Group LLC purchased a new stake in Home Depot during the 4th quarter valued at $295,000. Finally, Blue Fin Capital Inc. raised its stake in Home Depot by 4.7% during the 4th quarter. Blue Fin Capital Inc. now owns 10,878 shares of the home improvement retailer’s stock valued at $3,743,000 after buying an additional 489 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Insider Transactions at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the stock in a transaction 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 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Home Depot Trading Up 0.5%

NYSE:HD opened at $342.74 on Wednesday. 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 $341.38 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 3.73 and a beta of 1.09. The Home Depot, Inc. has a one year low of $315.31 and a one year high of $426.75. The business has a fifty day moving average price of $354.91 and a 200-day moving average price of $363.46.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, topping the consensus estimate of $2.52 by $0.20. The firm had revenue of $38.20 billion during the quarter, compared to analyst estimates of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.Home Depot’s revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were paid a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Thursday, March 12th. This is a boost from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s dividend payout ratio (DPR) is currently 65.50%.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of research reports. Guggenheim boosted their target price on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. UBS Group reiterated an “outperform” rating on shares of Home Depot in a research note on Tuesday, March 24th. Wells Fargo & Company boosted their target price on shares of Home Depot from $395.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Home Depot in a research note on Friday, March 27th. Twenty investment 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 MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $414.17.

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.