Socorro Asset Management LP Has $7.03 Million Position in The Home Depot, Inc. $HD

Socorro Asset Management LP lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 12.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,384 shares of the home improvement retailer’s stock after selling 2,972 shares during the period. Home Depot makes up 3.2% of Socorro Asset Management LP’s portfolio, making the stock its 15th biggest position. Socorro Asset Management LP’s holdings in Home Depot were worth $7,033,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Curio Wealth LLC lifted its stake in Home Depot by 13.5% in the fourth quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer’s stock valued at $76,000 after buying an additional 26 shares in the last quarter. Westfuller Advisors LLC raised its holdings in shares of Home Depot by 2.1% during the fourth quarter. Westfuller Advisors LLC now owns 1,325 shares of the home improvement retailer’s stock worth $456,000 after acquiring an additional 27 shares during the period. Darwin Wealth Management LLC lifted its position in Home Depot by 0.5% in the 4th quarter. Darwin Wealth Management LLC now owns 4,949 shares of the home improvement retailer’s stock valued at $1,703,000 after acquiring an additional 27 shares in the last quarter. Alesco Advisors LLC lifted its position in Home Depot by 3.2% in the 4th quarter. Alesco Advisors LLC now owns 866 shares of the home improvement retailer’s stock valued at $298,000 after acquiring an additional 27 shares in the last quarter. Finally, Canandaigua National Trust Co of Florida boosted its stake in Home Depot by 1.3% in the 4th quarter. Canandaigua National Trust Co of Florida now owns 2,178 shares of the home improvement retailer’s stock worth $749,000 after purchasing an additional 27 shares during the period. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

HD opened at $335.43 on Tuesday. The business’s 50-day simple moving average is $330.23 and its 200 day simple moving average is $344.63. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-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 firm has a market capitalization of $334.46 billion, a PE ratio of 23.82, a PEG ratio of 3.84 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 firm had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. During the same quarter in the previous year, the firm earned $3.56 EPS. The business’s quarterly revenue was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have issued reports on HD shares. Mizuho dropped their price target on Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. HSBC dropped their target price on Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a research report on Wednesday, May 20th. Wolfe Research cut Home Depot from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 23rd. Jefferies Financial Group reduced their price target on Home Depot from $361.00 to $360.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. Finally, DA Davidson reiterated a “buy” rating and issued a $377.00 price objective on shares of Home Depot in a report on Monday. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.