Border to Coast Pensions Partnership Ltd Sells 105,357 Shares of The Home Depot, Inc. $HD

Border to Coast Pensions Partnership Ltd reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 50.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 101,885 shares of the home improvement retailer’s stock after selling 105,357 shares during the quarter. Border to Coast Pensions Partnership Ltd’s holdings in Home Depot were worth $33,612,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after acquiring an additional 7,203 shares during the period. Sivia Capital Partners LLC raised its stake in Home Depot by 7.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock worth $952,000 after purchasing an additional 173 shares in the last quarter. Schnieders Capital Management LLC. boosted its holdings in Home Depot by 14.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock valued at $4,248,000 after purchasing an additional 1,433 shares during the period. Darwin Wealth Management LLC acquired a new position in shares of Home Depot during the 2nd quarter worth approximately $1,773,000. Finally, Financial Advisors Network Inc. increased its holdings in shares of Home Depot by 11.3% during the second quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer’s stock worth $868,000 after purchasing an additional 241 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Down 0.1%

Shares of HD opened at $348.60 on Monday. The firm has a 50 day simple moving average of $322.98 and a two-hundred day simple moving average of $345.75. 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 Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The company has a market cap of $347.60 billion, a P/E ratio of 24.76, a P/E/G ratio of 4.03 and a beta of 0.97.

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

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th 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, June 4th. Home Depot’s dividend payout ratio is currently 66.19%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Oppenheimer cut their price target on Home Depot from $405.00 to $310.00 and set a “market perform” rating for the company in a research note on Monday, May 18th. UBS Group lowered their price objective on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Wolfe Research cut Home Depot from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 23rd. Bank of America started coverage on Home Depot in a research report on Tuesday, May 5th. They set a “buy” rating and a $374.00 target price for the company. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $346.00 target price on shares of Home Depot in a report on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $371.71.

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.