The Home Depot, Inc. $HD Shares Purchased by Conning Inc.

Conning Inc. boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 7.6% in the first quarter, HoldingsChannel.com reports. The fund owned 104,372 shares of the home improvement retailer’s stock after purchasing an additional 7,371 shares during the period. Conning Inc.’s holdings in Home Depot were worth $34,327,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HD. Petix & Botte Co increased its stake in Home Depot by 2.9% during the first quarter. Petix & Botte Co now owns 2,377 shares of the home improvement retailer’s stock worth $782,000 after purchasing an additional 67 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of Home Depot by 7.1% in the first quarter. Sequoia Financial Advisors LLC now owns 219,054 shares of the home improvement retailer’s stock valued at $72,045,000 after purchasing an additional 14,601 shares in the last quarter. Fulcrum Capital LLC increased its stake in Home Depot by 5.8% during the 1st quarter. Fulcrum Capital LLC now owns 844 shares of the home improvement retailer’s stock worth $278,000 after buying an additional 46 shares during the period. Walled Lake Planning & Wealth Management LLC lifted its holdings in Home Depot by 43.1% during the 1st quarter. Walled Lake Planning & Wealth Management LLC now owns 1,701 shares of the home improvement retailer’s stock worth $560,000 after buying an additional 512 shares in the last quarter. Finally, OMC Financial Services LTD boosted its position in Home Depot by 0.7% in the 1st quarter. OMC Financial Services LTD now owns 7,032 shares of the home improvement retailer’s stock valued at $2,313,000 after buying an additional 48 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on HD shares. Wells Fargo & Company cut their price objective on Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock 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 for the company. JPMorgan Chase & Co. cut their price target on Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Mizuho reduced their price target on Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Finally, BNP Paribas Exane lowered their price objective on Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. 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. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Stock Performance

NYSE:HD opened at $343.44 on Friday. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. 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 firm has a market capitalization of $342.46 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 3.91 and a beta of 0.95. The business’s fifty day moving average price is $325.05 and its 200 day moving average price is $345.46.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The business had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. During the same period in the prior year, the firm posted $3.56 EPS. 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. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were paid 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 dividend 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.