Heartland Bank & Trust Co Raises Holdings in The Home Depot, Inc. $HD

Heartland Bank & Trust Co lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 58.3% in the 1st quarter, Holdings Channel reports. The fund owned 7,595 shares of the home improvement retailer’s stock after buying an additional 2,798 shares during the quarter. Heartland Bank & Trust Co’s holdings in Home Depot were worth $2,498,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in HD. Zhang Financial LLC raised its stake in Home Depot by 12.7% in the 1st quarter. Zhang Financial LLC now owns 6,431 shares of the home improvement retailer’s stock valued at $2,115,000 after acquiring an additional 726 shares during the period. Atlas Wealth LLC lifted its holdings in Home Depot by 3,040.0% during the first quarter. Atlas Wealth LLC now owns 19,405 shares of the home improvement retailer’s stock valued at $6,382,000 after purchasing an additional 18,787 shares during the last quarter. Simon Quick Advisors LLC boosted its position in Home Depot by 12.2% during the first quarter. Simon Quick Advisors LLC now owns 8,567 shares of the home improvement retailer’s stock worth $2,818,000 after purchasing an additional 932 shares during the period. Cornerstone Planning Group LLC boosted its position in Home Depot by 6.1% during the first quarter. Cornerstone Planning Group LLC now owns 876 shares of the home improvement retailer’s stock worth $276,000 after purchasing an additional 50 shares during the period. Finally, Gryphon Financial Partners LLC increased its stake in shares of Home Depot by 11.3% in the first quarter. Gryphon Financial Partners LLC now owns 11,009 shares of the home improvement retailer’s stock worth $3,621,000 after purchasing an additional 1,122 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 2.5%

Shares of HD opened at $339.22 on Friday. The business’s 50-day moving average price is $326.96 and its 200-day moving average price is $345.24. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The stock has a market cap of $338.24 billion, a PE ratio of 24.09, a P/E/G ratio of 4.02 and a beta of 0.95. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The firm had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. During the same period in the prior year, the firm posted $3.56 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were issued a $2.33 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 annualized dividend and a dividend yield of 2.7%. Home Depot’s dividend payout ratio is presently 66.19%.

Analyst Ratings Changes

Several research firms have recently issued reports on HD. Argus lowered their price target on shares of Home Depot from $425.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Wall Street Zen raised shares of Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Piper Sandler reduced their price objective on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Stifel Nicolaus reduced their price objective on shares of Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $346.00 target price on shares of Home Depot in a report on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued 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 $371.71.

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.