Bowen Hanes & Co. Inc. Sells 2,425 Shares of The Home Depot, Inc. $HD

Bowen Hanes & Co. Inc. lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 209,079 shares of the home improvement retailer’s stock after selling 2,425 shares during the quarter. Home Depot comprises approximately 1.8% of Bowen Hanes & Co. Inc.’s holdings, making the stock its 19th largest position. Bowen Hanes & Co. Inc.’s holdings in Home Depot were worth $71,944,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Parvin Asset Management LLC lifted its position in shares of 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 purchasing an additional 33 shares during the last quarter. Key Capital Management INC acquired a new position in Home Depot in the 4th quarter valued at approximately $28,000. Financially Speaking Inc acquired a new position in Home Depot in the 3rd quarter valued at approximately $31,000. Navalign LLC acquired a new position in Home Depot in the 4th quarter valued at approximately $31,000. Finally, Disciplined Equity Management Inc. acquired a new position in Home Depot in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on HD shares. JPMorgan Chase & Co. cut their price target on Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. BNP Paribas Exane cut their price target on Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. Mizuho cut their price target on Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company 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. Finally, UBS Group cut their price target on Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Nineteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $371.39.

Home Depot News Roundup

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

• Positive Sentiment: One article highlighted that a top analyst sees room for Home Depot to climb further, reinforcing a bullish case for the retailer’s long-term earnings power. How High Can Home Depot’s Stock (HD) Price Rise?
• Positive Sentiment: Coverage on Home Depot’s interconnected retail strategy said the company is boosting sales and generating double-digit online growth despite a difficult home-improvement market, which supports the growth narrative. Is Home Depot’s Interconnected Retail Strategy Paying Off?
• Positive Sentiment: A Texas Supreme Court ruling that limited shipper liability in a case involving Home Depot U.S.A. reduces one legal overhang and may be viewed as a modest risk-friendly development for investors. Texas Supreme Court Limits Shipper Liability in Trucking Crash Case
• Neutral Sentiment: Market commentary noted that Home Depot remains a stock investors are watching among home-improvement names, but it did not introduce a specific new catalyst. Home Improvement Stocks To Keep An Eye On – May 30th
• Neutral Sentiment: Another broad article about out-of-favor stocks and recent weakness reiterated that HD has fallen this year, but it mainly framed the debate as valuation versus business quality rather than signaling a fresh negative development. 3 Out-of-Favor Stocks with Open Questions
• Negative Sentiment: A piece questioning whether Home Depot is fairly priced after recent share-price weakness reflects ongoing investor caution about slower consumer spending and housing-related demand. Is It Time To Reassess Home Depot (HD) After Recent Share Price Weakness?
• Negative Sentiment: A Trefis article on how low Home Depot stock could go highlights downside risk in a market selloff, which may weigh on sentiment even though it is largely a scenario analysis. How Low Can Home Depot Stock Go?

Home Depot Trading Up 0.6%

HD stock opened at $313.42 on Thursday. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. The firm has a market cap of $312.52 billion, a P/E ratio of 22.26, a P/E/G ratio of 3.59 and a beta of 0.97. The business’s 50 day moving average is $323.79 and its 200-day moving average is $348.36. 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 quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating 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 company had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. During the same period in the prior year, the company posted $3.56 EPS. The company’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. Equities analysts anticipate that The Home Depot, Inc. will post 15.02 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be given 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 is 66.19%.

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.