LGT Capital Partners LTD. Increases Stock Position in The Home Depot, Inc. $HD

LGT Capital Partners LTD. grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,024 shares of the home improvement retailer’s stock after acquiring an additional 6,938 shares during the quarter. Home Depot comprises about 1.3% of LGT Capital Partners LTD.’s investment portfolio, making the stock its 27th biggest holding. LGT Capital Partners LTD.’s holdings in Home Depot were worth $26,504,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Curio Wealth LLC boosted its holdings in shares of Home Depot by 13.5% during the 4th quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer’s stock valued at $76,000 after acquiring an additional 26 shares during the last quarter. Westfuller Advisors LLC lifted its stake in shares of 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 purchasing an additional 27 shares during the period. Darwin Wealth Management LLC lifted its stake in shares of 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 purchasing an additional 27 shares during the period. Alesco Advisors LLC lifted its stake in shares of 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 purchasing an additional 27 shares during the period. Finally, Canandaigua National Trust Co of Florida lifted its stake in shares of 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. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of Home Depot from $375.00 to $320.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. TD Cowen lowered their price objective on shares of Home Depot from $450.00 to $375.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Zacks Research upgraded shares of Home Depot from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Finally, Guggenheim reiterated a “buy” rating and issued a $425.00 price objective on shares of Home Depot in a research note on Wednesday, May 20th. Nineteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $371.36.

Home Depot Price Performance

NYSE HD opened at $309.97 on Tuesday. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The stock has a market cap of $309.08 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 3.59 and a beta of 0.97. The company’s 50 day moving average is $322.58 and its two-hundred day moving average is $347.48. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 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 company had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. During the same quarter last year, the business 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. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The company 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 dividend of $2.33 per share. The ex-dividend date is Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a yield of 3.0%. Home Depot’s dividend payout ratio (DPR) is presently 66.19%.

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.