Cullinan Associates Inc. Decreases Stock Holdings in The Home Depot, Inc. $HD

Cullinan Associates Inc. reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 9.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,278 shares of the home improvement retailer’s stock after selling 2,723 shares during the period. Cullinan Associates Inc.’s holdings in Home Depot were worth $8,971,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Midwest Trust Co raised its position in shares of Home Depot by 4.3% during the 1st quarter. Midwest Trust Co now owns 185,077 shares of the home improvement retailer’s stock valued at $60,870,000 after buying an additional 7,602 shares in the last quarter. Fifth Third Bancorp grew its position in Home Depot by 59.1% in the first quarter. Fifth Third Bancorp now owns 1,457,243 shares of the home improvement retailer’s stock worth $479,273,000 after acquiring an additional 541,339 shares in the last quarter. Sovran Advisors LLC grew its position in Home Depot by 3.3% in the first quarter. Sovran Advisors LLC now owns 4,511 shares of the home improvement retailer’s stock worth $1,483,000 after acquiring an additional 144 shares in the last quarter. Sachetta LLC increased its stake in Home Depot by 24.9% during the first quarter. Sachetta LLC now owns 939 shares of the home improvement retailer’s stock worth $309,000 after acquiring an additional 187 shares during the last quarter. Finally, WealthShield Partners LLC raised its position in Home Depot by 8.5% during the first quarter. WealthShield Partners LLC now owns 16,115 shares of the home improvement retailer’s stock valued at $5,300,000 after purchasing an additional 1,261 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Home Depot Trading Up 1.4%

HD traded up $4.71 during trading hours on Friday, reaching $343.44. 2,747,430 shares of the company’s stock traded hands, compared to its average volume of 4,667,555. The firm has a 50-day moving average price of $325.05 and a 200 day moving average price of $345.46. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The firm has a market capitalization of $342.45 billion, a PE ratio of 24.39, a PEG ratio of 3.96 and a beta of 0.95.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $41.59 billion. During the same quarter last year, the firm posted $3.56 earnings per share. The business’s 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. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors 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 of this dividend was Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is currently 66.19%.

Analyst Upgrades and Downgrades

HD has been the topic of several analyst reports. Gordon Haskett boosted their target price on Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. Piper Sandler cut their price objective on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Evercore reduced their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Wells Fargo & Company lowered their target price on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Finally, Royal Bank Of Canada dropped their price target on shares of Home Depot from $377.00 to $340.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $371.71.

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.