Howland Capital Management LLC Purchases 3,235 Shares of The Home Depot, Inc. $HD

Howland Capital Management LLC grew its position in The Home Depot, Inc. (NYSE:HD) by 38.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,665 shares of the home improvement retailer’s stock after acquiring an additional 3,235 shares during the period. Howland Capital Management LLC’s holdings in Home Depot were worth $4,014,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Advocate Investing Services LLC bought a new position in shares of Home Depot in the fourth quarter worth about $25,000. Parvin Asset Management LLC raised its stake in shares of Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 33 shares during the last quarter. Key Capital Management INC bought a new position in shares of Home Depot in the fourth quarter worth about $28,000. Navalign LLC bought a new position in shares of Home Depot in the fourth quarter worth about $31,000. Finally, Disciplined Equity Management Inc. bought a new position in shares of Home Depot in the fourth quarter worth about $34,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 0.7%

NYSE HD opened at $328.37 on Friday. The stock has a 50-day simple moving average of $322.44 and a 200 day simple moving average of $347.04. The company has a market capitalization of $327.42 billion, a PE ratio of 23.32, a P/E/G ratio of 3.76 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 Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. The business had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.56 earnings per share. 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 year.

Home Depot Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. HSBC dropped their target price on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a research note on Wednesday, May 20th. TD Cowen dropped their target price on shares of Home Depot from $450.00 to $375.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. UBS Group dropped their target price on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Stifel Nicolaus dropped their price objective on Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a report on Monday, May 18th. Finally, Morgan Stanley dropped their price objective on Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Nineteen 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 stock. According to MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $371.36.

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.