Adams Diversified Equity Fund Inc. Lowers Stock Holdings in The Home Depot, Inc. $HD

Adams Diversified Equity Fund Inc. cut its holdings in The Home Depot, Inc. (NYSE:HD) by 6.6% in the first quarter, Holdings Channel reports. The institutional investor owned 73,800 shares of the home improvement retailer’s stock after selling 5,200 shares during the quarter. Adams Diversified Equity Fund Inc.’s holdings in Home Depot were worth $24,272,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Parvin Asset Management LLC increased its holdings in Home Depot by 110.0% in the 3rd 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 in the last quarter. Advocate Investing Services LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at about $25,000. Key Capital Management INC purchased a new stake in shares of Home Depot during the fourth quarter worth about $28,000. Cache Advisors LLC purchased a new stake in shares of Home Depot during the first quarter worth about $27,000. Finally, Imprint Wealth LLC acquired a new position in shares of Home Depot during the 3rd quarter worth about $34,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Stifel Nicolaus lowered their price objective on Home Depot from $375.00 to $320.00 and set a “hold” rating on the stock in a report on Monday, May 18th. BNP Paribas Exane cut their price objective on Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a research note on Tuesday, May 19th. Morgan Stanley reduced their target price on Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Argus decreased their target price on Home Depot from $425.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Finally, TD Cowen lowered their price target on Home Depot from $450.00 to $375.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Stock Down 0.1%

NYSE HD opened at $348.60 on Monday. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. 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 business’s fifty day simple moving average is $322.98 and its 200-day simple moving average is $345.75. The firm has a market cap of $347.60 billion, a PE ratio of 24.76, a P/E/G ratio of 4.03 and a beta of 0.97.

Home Depot (NYSE:HD) last announced its quarterly 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 firm had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. During the same quarter in the previous year, the company 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. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 2.7%. The ex-dividend date was Thursday, June 4th. Home Depot’s payout ratio is presently 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.