Vaughan Nelson Investment Management L.P. Decreases Stock Holdings in The Home Depot, Inc. $HD

Vaughan Nelson Investment Management L.P. lowered its holdings in The Home Depot, Inc. (NYSE:HD) by 48.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,790 shares of the home improvement retailer’s stock after selling 3,615 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Home Depot were worth $1,304,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HD. Parvin Asset Management LLC raised its stake in shares of Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares during the period. Sagard Holdings Management Inc. bought a new position in Home Depot during the second quarter valued at about $29,000. Financially Speaking Inc purchased a new stake in Home Depot during the third quarter worth about $31,000. Disciplined Equity Management Inc. bought a new stake in Home Depot in the fourth quarter worth about $34,000. Finally, Imprint Wealth LLC bought a new stake in Home Depot in the third quarter worth about $34,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 1.5%

HD opened at $328.43 on Wednesday. The Home Depot, Inc. has a 12 month low of $320.26 and a 12 month high of $426.75. The company has a market cap of $327.12 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of 3.53 and a beta of 1.09. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62. The company has a 50 day moving average of $364.57 and a 200 day moving average of $369.31.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.20. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The business had revenue of $38.20 billion for the quarter, compared to analysts’ expectations of $38.01 billion. During the same quarter in the previous year, the firm posted $3.13 EPS. The business’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. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were issued a dividend of $2.33 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. Home Depot’s payout ratio is currently 65.50%.

Insider Transactions at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the firm’s 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 completion of the transaction, the chief financial officer owned 44,566 shares in the company, valued at $16,439,951.74. This trade represents a 5.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Guggenheim increased their target price on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Truist Financial set a $424.00 price objective on Home Depot in a research note on Tuesday, February 24th. Sanford C. Bernstein increased their price objective on Home Depot from $381.00 to $390.00 and gave the company a “market perform” rating in a report on Wednesday, February 25th. Gordon Haskett boosted their target price on Home Depot from $330.00 to $370.00 and gave the company a “hold” rating in a research note on Wednesday, February 11th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Home Depot in a research report on Thursday, March 12th. Twenty research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $414.52.

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.