KCM Investment Advisors LLC Cuts Position in The Home Depot, Inc. $HD

KCM Investment Advisors LLC lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,290 shares of the home improvement retailer’s stock after selling 1,857 shares during the period. Home Depot comprises about 1.5% of KCM Investment Advisors LLC’s portfolio, making the stock its 17th largest holding. KCM Investment Advisors LLC’s holdings in Home Depot were worth $47,242,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Parvin Asset Management LLC increased its stake in Home Depot by 110.0% during 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. Advocate Investing Services LLC purchased a new stake in Home Depot during the 4th quarter worth approximately $25,000. Key Capital Management INC purchased a new stake in Home Depot during the 4th quarter worth approximately $28,000. Imprint Wealth LLC purchased a new stake in Home Depot during the 3rd quarter worth approximately $34,000. Finally, Navalign LLC purchased a new stake in Home Depot during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 0.7%

Shares of Home Depot stock opened at $328.37 on Friday. The firm has a market capitalization of $327.42 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 3.79 and a beta of 0.97. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. 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 stock has a 50 day moving average of $322.44 and a 200 day moving average of $347.04.

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, topping the consensus estimate of $3.41 by $0.02. The company 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 firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be given a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, June 4th. Home Depot’s dividend payout ratio is presently 66.19%.

Analysts Set New Price Targets

Several research firms have commented on HD. TD Cowen cut their price objective on Home Depot from $450.00 to $375.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. HSBC cut their price objective on Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a research note on Wednesday, May 20th. BNP Paribas Exane cut their price objective on Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a research note on Tuesday, May 19th. DA Davidson cut their price objective on Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $346.00 target price on shares of Home Depot in a report on Wednesday, May 20th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $371.71.

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.