Union Savings Bank Buys New Position in The Home Depot, Inc. $HD

Union Savings Bank bought a new position in shares of The Home Depot, Inc. (NYSE:HD) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,359 shares of the home improvement retailer’s stock, valued at approximately $1,156,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HD. Hsbc Holdings PLC raised its position in Home Depot by 4.1% in the 4th quarter. Hsbc Holdings PLC now owns 3,345,200 shares of the home improvement retailer’s stock valued at $1,151,521,000 after purchasing an additional 132,410 shares in the last quarter. Redwood Family Wealth LLC acquired a new position in shares of Home Depot during the fourth quarter worth about $452,000. Cedarwood Wealth LLC acquired a new position in shares of Home Depot during the fourth quarter worth about $271,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Home Depot during the fourth quarter worth approximately $420,000. Finally, Bayban purchased a new stake in shares of Home Depot during the fourth quarter worth approximately $367,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HD shares. JPMorgan Chase & Co. decreased their price objective on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Bank of America began coverage on Home Depot in a report on Tuesday, May 5th. They issued a “buy” rating and a $374.00 target price on the stock. Telsey Advisory Group cut their price target on Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Wolfe Research reaffirmed an “outperform” rating and set a $365.00 price target on shares of Home Depot in a report on Tuesday, May 19th. Finally, Argus lowered their price objective on Home Depot from $425.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Nineteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Stock Up 0.1%

HD opened at $334.72 on Friday. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. The business has a 50 day moving average price of $323.24 and a two-hundred day moving average price of $346.39. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The company has a market cap of $333.75 billion, a PE ratio of 23.77, a P/E/G ratio of 3.86 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 the consensus estimate of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. During the same quarter in the previous year, the firm earned $3.56 earnings per share. The business’s quarterly 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. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued a dividend of $2.33 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.8%. Home Depot’s payout ratio is currently 66.19%.

About Home Depot

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.