Fort Washington Investment Advisors Inc. OH Purchases 12,877 Shares of The Home Depot, Inc. $HD

Fort Washington Investment Advisors Inc. OH boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 5.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 246,600 shares of the home improvement retailer’s stock after purchasing an additional 12,877 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Home Depot were worth $81,104,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of HD. Advocate Investing Services LLC bought a new position in shares of Home Depot in the fourth quarter valued at $25,000. Parvin Asset Management LLC increased its position in shares of Home Depot by 110.0% during 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 in the last quarter. Cache Advisors LLC bought a new stake in shares of Home Depot during the first quarter worth about $27,000. Key Capital Management INC acquired a new stake in shares of Home Depot in the 4th quarter worth about $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in shares of Home Depot in the 1st quarter worth about $28,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.1%

NYSE HD opened at $348.60 on Monday. The business’s fifty day moving average is $322.98 and its 200-day moving average is $345.75. 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 stock has a market capitalization of $347.60 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 4.03 and a beta of 0.97. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75.

Home Depot (NYSE:HD) last posted 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 company had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. During the same quarter in the prior year, the business earned $3.56 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s dividend payout ratio is currently 66.19%.

Analyst Ratings Changes

A number of equities analysts have issued reports on HD shares. Evercore cut their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Gordon Haskett increased their price objective on Home Depot from $320.00 to $330.00 in a research note on Friday, June 12th. Wells Fargo & Company dropped their target price on Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Jefferies Financial Group cut their target price on Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Finally, Piper Sandler decreased their price target on Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $371.71.

Home Depot 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.