First National Bank & Trust Co. of Newtown Reduces Stake in The Home Depot, Inc. $HD

First National Bank & Trust Co. of Newtown cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 12.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,723 shares of the home improvement retailer’s stock after selling 2,941 shares during the period. Home Depot accounts for 1.5% of First National Bank & Trust Co. of Newtown’s portfolio, making the stock its 13th biggest position. First National Bank & Trust Co. of Newtown’s holdings in Home Depot were worth $6,815,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Peterson Wealth Services raised its holdings in shares of Home Depot by 4.4% during the first quarter. Peterson Wealth Services now owns 16,686 shares of the home improvement retailer’s stock valued at $5,488,000 after acquiring an additional 705 shares in the last quarter. Griffin Asset Management Inc. increased its position in Home Depot by 0.9% during the 1st quarter. Griffin Asset Management Inc. now owns 43,082 shares of the home improvement retailer’s stock valued at $14,169,000 after purchasing an additional 401 shares during the period. First Horizon Corp increased its position in Home Depot by 33.1% during the 1st quarter. First Horizon Corp now owns 91,432 shares of the home improvement retailer’s stock valued at $30,071,000 after purchasing an additional 22,749 shares during the period. Mosaic Family Wealth Partners LLC raised its holdings in Home Depot by 34.8% in the 1st quarter. Mosaic Family Wealth Partners LLC now owns 2,739 shares of the home improvement retailer’s stock worth $901,000 after purchasing an additional 707 shares in the last quarter. Finally, Stronghold Wealth Management L.L.C. raised its holdings in Home Depot by 18.4% in the 1st quarter. Stronghold Wealth Management L.L.C. now owns 989 shares of the home improvement retailer’s stock worth $325,000 after purchasing an additional 154 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

HD stock opened at $338.48 on Friday. 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 firm has a 50 day moving average price of $324.64 and a 200-day moving average price of $345.47. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The firm has a market capitalization of $337.50 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 3.88 and a beta of 0.95.

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, 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 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 business posted $3.56 EPS. The firm’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. Equities research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were paid a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s dividend payout ratio is currently 66.19%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HD shares. DA Davidson cut their target price on shares of Home Depot from $445.00 to $377.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Bank of America began coverage on shares of Home Depot in a report on Tuesday, May 5th. They issued a “buy” rating and a $374.00 price objective for the company. UBS Group cut their price objective on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Piper Sandler reduced their target price on Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock 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 report on Tuesday, June 2nd. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Company 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.