The Home Depot, Inc. $HD Shares Sold by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. cut its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 209,079 shares of the home improvement retailer’s stock after selling 2,425 shares during the quarter. Home Depot accounts for 1.8% of Bowen Hanes & Co. Inc.’s portfolio, making the stock its 19th largest position. Bowen Hanes & Co. Inc.’s holdings in Home Depot were worth $71,944,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. REAP Financial Group LLC grew its stake in shares of Home Depot by 12.3% in the 4th quarter. REAP Financial Group LLC now owns 1,033 shares of the home improvement retailer’s stock worth $356,000 after purchasing an additional 113 shares during the last quarter. Elgethun Capital Management raised its holdings in shares of Home Depot by 1.6% in the 4th quarter. Elgethun Capital Management now owns 3,303 shares of the home improvement retailer’s stock worth $1,136,000 after purchasing an additional 53 shares in the last quarter. WCG Wealth Advisors LLC lifted its stake in Home Depot by 97.8% during the fourth quarter. WCG Wealth Advisors LLC now owns 21,111 shares of the home improvement retailer’s stock valued at $7,264,000 after purchasing an additional 10,438 shares during the last quarter. Shepherd Street Advisors LLC bought a new stake in Home Depot during the fourth quarter worth approximately $682,000. Finally, Phillips Wealth Planners LLC grew its position in Home Depot by 9.8% in the fourth quarter. Phillips Wealth Planners LLC now owns 4,052 shares of the home improvement retailer’s stock worth $1,394,000 after buying an additional 361 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the topic of several recent research reports. TD Cowen decreased their price target 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. The Goldman Sachs Group decreased their target price on Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Wells Fargo & Company cut their target price on Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Gordon Haskett decreased their price target on Home Depot from $330.00 to $320.00 and set a “hold” rating for the company in a research report on Tuesday, May 19th. Finally, Guggenheim reiterated a “buy” rating and issued a $425.00 price target on shares of Home Depot in a research report on Wednesday, May 20th. Nineteen equities research 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $371.39.

Trending Headlines about Home Depot

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: One article highlighted that a top analyst sees room for Home Depot to climb further, reinforcing a bullish case for the retailer’s long-term earnings power. How High Can Home Depot’s Stock (HD) Price Rise?
• Positive Sentiment: Coverage on Home Depot’s interconnected retail strategy said the company is boosting sales and generating double-digit online growth despite a difficult home-improvement market, which supports the growth narrative. Is Home Depot’s Interconnected Retail Strategy Paying Off?
• Positive Sentiment: A Texas Supreme Court ruling that limited shipper liability in a case involving Home Depot U.S.A. reduces one legal overhang and may be viewed as a modest risk-friendly development for investors. Texas Supreme Court Limits Shipper Liability in Trucking Crash Case
• Neutral Sentiment: Market commentary noted that Home Depot remains a stock investors are watching among home-improvement names, but it did not introduce a specific new catalyst. Home Improvement Stocks To Keep An Eye On – May 30th
• Neutral Sentiment: Another broad article about out-of-favor stocks and recent weakness reiterated that HD has fallen this year, but it mainly framed the debate as valuation versus business quality rather than signaling a fresh negative development. 3 Out-of-Favor Stocks with Open Questions
• Negative Sentiment: A piece questioning whether Home Depot is fairly priced after recent share-price weakness reflects ongoing investor caution about slower consumer spending and housing-related demand. Is It Time To Reassess Home Depot (HD) After Recent Share Price Weakness?
• Negative Sentiment: A Trefis article on how low Home Depot stock could go highlights downside risk in a market selloff, which may weigh on sentiment even though it is largely a scenario analysis. How Low Can Home Depot Stock Go?

Home Depot Trading Up 0.6%

Shares of NYSE HD opened at $313.42 on Thursday. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The firm has a market capitalization of $312.52 billion, a PE ratio of 22.26, a PEG ratio of 3.59 and a beta of 0.97. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The business has a 50-day moving average price of $323.79 and a two-hundred day moving average price of $348.36.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.02. The firm had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, analysts predict that The Home Depot, Inc. will post 15.02 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be paid a $2.33 dividend. The ex-dividend date is Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a yield of 3.0%. Home Depot’s payout ratio is 66.19%.

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.