Cornerstone Planning LLC Takes Position in The Home Depot, Inc. $HD

Cornerstone Planning LLC purchased a new position in The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,987 shares of the home improvement retailer’s stock, valued at approximately $2,763,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its position in shares of Home Depot by 19.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 934,312 shares of the home improvement retailer’s stock valued at $321,497,000 after acquiring an additional 148,875 shares during the last quarter. Osbon Capital Management LLC bought a new position in shares of Home Depot in the fourth quarter worth approximately $29,000. Fund Advisors of America Inc FL bought a new position in shares of Home Depot in the fourth quarter worth approximately $1,036,000. World Investment Advisors raised its stake in Home Depot by 6.2% in the fourth quarter. World Investment Advisors now owns 80,169 shares of the home improvement retailer’s stock valued at $27,586,000 after purchasing an additional 4,685 shares in the last quarter. Finally, Farmers National Bank raised its stake in Home Depot by 3.7% in the fourth quarter. Farmers National Bank now owns 24,545 shares of the home improvement retailer’s stock valued at $8,446,000 after purchasing an additional 878 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.1%

Shares of HD opened at $334.72 on Monday. The firm has a market cap of $333.75 billion, a P/E ratio of 23.77, a P/E/G ratio of 3.86 and a beta of 0.97. The stock has a 50 day simple moving average of $323.24 and a two-hundred day simple moving average of $346.31. 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 1 year low of $289.10 and a 1 year high of $426.75.

Home Depot (NYSE:HD) last issued its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the business earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced 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 dividend yield of 2.8%. Home Depot’s dividend payout ratio (DPR) is currently 66.19%.

Wall Street Analyst Weigh In

A number of research firms have commented on HD. Morgan Stanley cut their price target on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Evercore lowered their price objective on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Telsey Advisory Group dropped their price objective on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Mizuho cut their target price on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Finally, Stifel Nicolaus reduced their target price on Home Depot from $375.00 to $320.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $371.71.

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.