Allen Investment Management LLC Boosts Stock Position in The Home Depot, Inc. $HD

Allen Investment Management LLC increased its holdings in The Home Depot, Inc. (NYSE:HD) by 14.5% during the 4th quarter, Holdings Channel reports. The firm owned 21,351 shares of the home improvement retailer’s stock after buying an additional 2,704 shares during the period. Allen Investment Management LLC’s holdings in Home Depot were worth $7,347,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Westfuller Advisors LLC grew its position in shares of Home Depot by 2.1% in the 4th quarter. Westfuller Advisors LLC now owns 1,325 shares of the home improvement retailer’s stock worth $456,000 after buying an additional 27 shares during the period. Darwin Wealth Management LLC boosted its stake in Home Depot by 0.5% during the fourth quarter. Darwin Wealth Management LLC now owns 4,949 shares of the home improvement retailer’s stock worth $1,703,000 after acquiring an additional 27 shares in the last quarter. Alesco Advisors LLC boosted its stake in Home Depot by 3.2% during the fourth quarter. Alesco Advisors LLC now owns 866 shares of the home improvement retailer’s stock worth $298,000 after acquiring an additional 27 shares in the last quarter. Canandaigua National Trust Co of Florida grew its holdings in Home Depot by 1.3% in the fourth quarter. Canandaigua National Trust Co of Florida now owns 2,178 shares of the home improvement retailer’s stock worth $749,000 after purchasing an additional 27 shares during the period. Finally, Moneco Advisors LLC increased its stake in shares of Home Depot by 0.3% during the fourth quarter. Moneco Advisors LLC now owns 8,743 shares of the home improvement retailer’s stock valued at $3,008,000 after purchasing an additional 27 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

NYSE HD opened at $310.58 on Tuesday. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The stock has a 50-day moving average of $324.35 and a 200 day moving average of $349.17. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. The company has a market capitalization of $309.68 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 3.66 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $41.59 billion. During the same quarter in the prior year, the firm earned $3.56 earnings per share. The firm’s revenue for the quarter 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 forecast that The Home Depot, Inc. will post 15.02 EPS for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a $2.33 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $9.32 annualized dividend and a dividend yield of 3.0%. Home Depot’s payout ratio is presently 66.19%.

Insider Buying and Selling

In related news, CFO Richard V. Mcphail sold 2,550 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following the completion of the sale, the chief financial officer owned 44,566 shares in the company, valued at approximately $16,439,951.74. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HD. Truist Financial lowered their target price on shares of Home Depot from $394.00 to $369.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Zacks Research raised Home Depot from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Robert W. Baird lowered their price objective on Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Sanford C. Bernstein reissued a “market perform” rating and issued a $346.00 target price on shares of Home Depot in a report on Wednesday, May 20th. Finally, Wall Street Zen raised Home Depot from a “sell” rating to a “hold” rating in a research note on Tuesday. 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 data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.39.

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.