Appleton Partners Inc. MA Trims Position in The Home Depot, Inc. $HD

Appleton Partners Inc. MA decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 43.9% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,420 shares of the home improvement retailer’s stock after selling 28,550 shares during the quarter. Appleton Partners Inc. MA’s holdings in Home Depot were worth $11,978,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Advocate Investing Services LLC purchased a new stake in shares of Home Depot during the 4th quarter worth approximately $25,000. Parvin Asset Management LLC grew its stake in shares of 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 buying an additional 33 shares in the last quarter. Cache Advisors LLC purchased a new position in shares of Home Depot in the 1st quarter worth $27,000. Key Capital Management INC bought a new stake in shares of Home Depot in the 4th quarter worth about $28,000. Finally, Merkkuri Wealth Advisors LLC bought 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.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HD. Weiss Ratings downgraded shares of Home Depot from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 23rd. Oppenheimer decreased their price objective on Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a research report on Monday, May 18th. Evercore lowered their price objective 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. Bank of America initiated 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. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $346.00 target price on shares of Home Depot in a research report on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Stock Performance

HD stock opened at $357.73 on Monday. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The firm has a market cap of $356.69 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 4.13 and a beta of 0.95. The business’s fifty day simple moving average is $323.97 and its two-hundred day simple moving average is $345.75. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last issued its 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 firm had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm 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 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued a $2.33 dividend. The ex-dividend date was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.6%. 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.