The Home Depot, Inc. $HD Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 14.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,205,660 shares of the home improvement retailer’s stock after buying an additional 148,516 shares during the period. Home Depot makes up 0.5% of Corient Private Wealth LLC’s holdings, making the stock its 29th largest position. Corient Private Wealth LLC’s holdings in Home Depot were worth $415,127,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HD. Lifetime Wealth Management P.C. acquired a new position in shares of Home Depot in the fourth quarter valued at about $38,000. Union Savings Bank purchased a new position in shares of Home Depot during the 4th quarter valued at approximately $1,156,000. Hsbc Holdings PLC lifted its stake in shares of Home Depot by 4.1% in the 4th quarter. Hsbc Holdings PLC now owns 3,345,200 shares of the home improvement retailer’s stock valued at $1,151,521,000 after purchasing an additional 132,410 shares during the period. Redwood Family Wealth LLC purchased a new stake in shares of Home Depot during the 4th quarter worth about $452,000. Finally, Cedarwood Wealth LLC purchased a new position in shares of Home Depot in the 4th quarter valued at about $271,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent analyst reports. Citigroup cut their price objective on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Stifel Nicolaus decreased their target price on Home Depot from $375.00 to $320.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Weiss Ratings raised shares of Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 9th. Telsey Advisory Group reduced their price target on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Finally, Truist Financial cut their price objective on Home Depot from $394.00 to $369.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Nineteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Trading Up 0.1%

Shares of Home Depot stock opened at $334.72 on Friday. The stock 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’s 50 day simple moving average is $323.24 and its 200-day simple moving average is $346.39. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year 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.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. The business had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The business’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared 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. 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 payout ratio is presently 66.19%.

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.