The Home Depot, Inc. $HD is Smith Chas P & Associates PA Cpas’ 7th Largest Position

Smith Chas P & Associates PA Cpas increased its position in The Home Depot, Inc. (NYSE:HD) by 61.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 190,635 shares of the home improvement retailer’s stock after acquiring an additional 72,503 shares during the quarter. Home Depot comprises 3.4% of Smith Chas P & Associates PA Cpas’ investment portfolio, making the stock its 7th largest holding. Smith Chas P & Associates PA Cpas’ holdings in Home Depot were worth $65,598,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Westfuller Advisors LLC increased its holdings in Home Depot by 2.1% in the 4th 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 last quarter. Darwin Wealth Management LLC increased its holdings 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 worth $1,703,000 after acquiring an additional 27 shares during the last quarter. Alesco Advisors LLC increased its holdings in Home Depot by 3.2% in the 4th quarter. Alesco Advisors LLC now owns 866 shares of the home improvement retailer’s stock worth $298,000 after acquiring an additional 27 shares during the last quarter. Canandaigua National Trust Co of Florida increased its holdings 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 acquiring an additional 27 shares during the last quarter. Finally, Moneco Advisors LLC increased its holdings in Home Depot by 0.3% in the 4th quarter. Moneco Advisors LLC now owns 8,743 shares of the home improvement retailer’s stock worth $3,008,000 after acquiring an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the subject of several recent research reports. Guggenheim reissued a “buy” rating and issued a $425.00 price objective on shares of Home Depot in a report on Wednesday, May 20th. Zacks Research raised Home Depot from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. BNP Paribas Exane decreased their price objective on Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. Stifel Nicolaus decreased their price objective on Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a report on Monday, May 18th. Finally, Bank of America began coverage on Home Depot in a research note on Tuesday, May 5th. They issued a “buy” rating and a $374.00 target price for the company. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $371.39.

Home Depot Stock Up 2.5%

Shares of NYSE HD opened at $318.27 on Thursday. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. The business has a 50-day simple moving average of $325.37 and a two-hundred day simple moving average of $350.33. 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 company has a market cap of $317.00 billion, a P/E ratio of 22.60, a P/E/G ratio of 3.58 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS 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 business had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. During the same quarter last year, the company earned $3.56 EPS. The firm’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. Research analysts anticipate that The Home Depot, Inc. will post 15.02 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be paid a $2.33 dividend. The ex-dividend date is Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.9%. Home Depot’s dividend payout ratio (DPR) is currently 66.19%.

Key Headlines Impacting Home Depot

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: TD Cowen said Home Depot delivered solid execution in a challenging market, and although it trimmed its price target, it reiterated a Buy rating, which can help reinforce confidence in the stock. A Bright Spot in Home Depot’s Earnings
• Positive Sentiment: Home Depot’s latest results showed a modest earnings beat and continued strength in its Pro segment, while U.S. same-store sales posted a sixth straight quarter of growth, supporting the view that demand is stabilizing. Home Depot Sales Recovery And Mingledorff’s Deal Strengthen Pro Growth Story
• Positive Sentiment: Home Depot’s acquisition of Mingledorff’s expands its reach in HVAC distribution and deepens its exposure to professional customers, which investors may see as a long-term growth driver. Home Depot Sales Recovery And Mingledorff’s Deal Strengthen Pro Growth Story

Insider Activity

In other news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following the completion of the sale, the chief financial officer owned 44,566 shares in the company, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.08% of the company’s stock.

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.