Healthcare of Ontario Pension Plan Trust Fund Cuts Stock Holdings in The Home Depot, Inc. $HD

Healthcare of Ontario Pension Plan Trust Fund lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 35.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 224,010 shares of the home improvement retailer’s stock after selling 123,105 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Home Depot were worth $73,675,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bollard Group LLC boosted its stake in Home Depot by 1.5% during the 1st quarter. Bollard Group LLC now owns 5,686 shares of the home improvement retailer’s stock valued at $1,870,000 after purchasing an additional 85 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Home Depot by 0.5% in the first quarter. Public Employees Retirement System of Ohio now owns 402,454 shares of the home improvement retailer’s stock worth $132,363,000 after purchasing an additional 1,886 shares during the last quarter. Aristides Capital LLC lifted its holdings in shares of Home Depot by 15.5% during the first quarter. Aristides Capital LLC now owns 10,720 shares of the home improvement retailer’s stock valued at $3,526,000 after purchasing an additional 1,440 shares in the last quarter. Modern Wealth Management LLC lifted its holdings in shares of Home Depot by 12.6% during the first quarter. Modern Wealth Management LLC now owns 17,279 shares of the home improvement retailer’s stock valued at $5,694,000 after purchasing an additional 1,928 shares in the last quarter. Finally, Keebeck Wealth Management boosted its position in shares of Home Depot by 14.9% during the first quarter. Keebeck Wealth Management now owns 4,739 shares of the home improvement retailer’s stock valued at $1,559,000 after buying an additional 615 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Up 2.5%

Shares of Home Depot stock opened at $332.86 on Friday. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. The company’s fifty day simple moving average is $329.52 and its 200-day simple moving average is $344.73. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The stock has a market capitalization of $331.91 billion, a PE ratio of 23.64, a P/E/G ratio of 3.84 and a beta of 0.95.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.02. The business had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.Home Depot’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were given a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Thursday, June 4th. Home Depot’s dividend payout ratio is presently 66.19%.

Wall Street Analyst Weigh In

HD has been the subject of a number of recent analyst reports. Wall Street Zen raised Home Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Robert W. Baird dropped their price target on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Sanford C. Bernstein reissued a “market perform” rating and set a $346.00 price objective on shares of Home Depot in a report on Wednesday, May 20th. TD Cowen lowered their price objective on shares of Home Depot from $450.00 to $375.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Finally, Royal Bank Of Canada dropped their target price on shares of Home Depot from $377.00 to $340.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $371.71.

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.