Convergence Investment Partners LLC Has $2.29 Million Stock Holdings in The Home Depot, Inc. $HD

Convergence Investment Partners LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 46.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,654 shares of the home improvement retailer’s stock after acquiring an additional 2,114 shares during the period. Convergence Investment Partners LLC’s holdings in Home Depot were worth $2,290,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Home Depot by 1.3% in the 4th 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 during the last quarter. Capital Research Global Investors boosted its position in shares of Home Depot by 0.3% in the 3rd 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 during the last quarter. Wellington Management Group LLP boosted its position in shares of Home Depot by 60.8% in the 3rd 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 during the last quarter. Fisher Asset Management LLC boosted its position in shares of Home Depot by 2.0% in the 3rd 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 during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Home Depot by 1.9% in the 3rd 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 during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

HD opened at $297.34 on Friday. The business’s 50-day moving average price is $331.77 and its two-hundred day moving average price is $354.39. The Home Depot, Inc. has a 1 year low of $296.88 and a 1 year high of $426.75. The company has a market capitalization of $296.16 billion, a price-to-earnings ratio of 20.90, a P/E/G ratio of 3.51 and a beta of 1.00. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.06 and a quick ratio of 0.26.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (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 firm had revenue of $38.20 billion for the quarter, compared to the consensus estimate of $38.01 billion. During the same quarter last year, the business posted $3.13 EPS. The company’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. Equities analysts expect that The Home Depot, Inc. will post 15.03 EPS for the current fiscal year.

Home Depot Increases Dividend

The company 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. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $9.32 annualized dividend and a dividend yield of 3.1%. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s dividend payout ratio (DPR) is 65.50%.

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.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HD shares. Morgan Stanley raised their price target on Home Depot from $412.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Sanford C. Bernstein reduced their target price on Home Depot from $390.00 to $365.00 and set a “market perform” rating on the stock in a report on Thursday. Zacks Research upgraded Home Depot from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. UBS Group reiterated an “outperform” rating on shares of Home Depot in a report on Tuesday, March 24th. Finally, Bank of America started coverage on Home Depot in a report on Tuesday, May 5th. They set a “buy” rating and a $374.00 target price on the stock. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $405.66.

Insider Activity

In related news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total value of $940,669.50. Following the sale, the chief financial officer owned 44,566 shares of the company’s stock, valued at approximately $16,439,951.74. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.08% of the company’s stock.

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.