Gemmer Asset Management LLC Has $2.23 Million Stock Position in The Home Depot, Inc. $HD

Gemmer Asset Management LLC lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 42.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,474 shares of the home improvement retailer’s stock after buying an additional 1,927 shares during the period. Gemmer Asset Management LLC’s holdings in Home Depot were worth $2,228,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Silphium Asset Management Ltd increased its holdings in Home Depot by 77.2% in the 3rd quarter. Silphium Asset Management Ltd now owns 13,544 shares of the home improvement retailer’s stock worth $5,488,000 after purchasing an additional 5,900 shares in the last quarter. Truist Financial Corp increased its holdings in Home Depot by 0.3% in the 3rd quarter. Truist Financial Corp now owns 1,095,113 shares of the home improvement retailer’s stock worth $443,729,000 after purchasing an additional 3,608 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in Home Depot by 2.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 534,564 shares of the home improvement retailer’s stock worth $216,600,000 after purchasing an additional 12,239 shares in the last quarter. Atlantic Union Bankshares Corp increased its holdings in Home Depot by 59.9% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 107,438 shares of the home improvement retailer’s stock worth $43,533,000 after purchasing an additional 40,232 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Home Depot in the 3rd quarter worth about $1,888,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity at Home Depot

In related news, CFO Richard V. Mcphail sold 2,550 shares of the company’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 $16,439,951.74. This represents a 5.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by insiders.

Home Depot Stock Up 0.5%

Shares of Home Depot stock opened at $342.74 on Wednesday. The Home Depot, Inc. has a one year low of $315.31 and a one year 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 stock’s 50-day moving average is $354.91 and its 200 day moving average is $363.46. The firm has a market cap of $341.38 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 3.73 and a beta of 1.09.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, beating 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 company had revenue of $38.20 billion for the quarter, compared to analyst estimates of $38.01 billion. During the same quarter in the prior year, the company earned $3.13 EPS. The firm’s revenue for the quarter 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. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Thursday, March 12th. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s dividend payout ratio is currently 65.50%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. KeyCorp reaffirmed a “sector weight” rating on shares of Home Depot in a report on Wednesday, February 25th. Citigroup upped their target price on Home Depot from $407.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Royal Bank Of Canada upped their price target on Home Depot from $363.00 to $377.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 25th. Daiwa Securities Group upped their price target on Home Depot from $360.00 to $390.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. Finally, The Goldman Sachs Group reduced their price target on Home Depot from $413.00 to $409.00 in a research report on Wednesday, February 25th. Twenty analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $414.17.

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.