The Home Depot, Inc. $HD Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,190,635 shares of the home improvement retailer’s stock after buying an additional 33,747 shares during the period. Home Depot accounts for approximately 0.6% of PNC Financial Services Group Inc.’s holdings, making the stock its 27th biggest position. PNC Financial Services Group Inc.’s holdings in Home Depot were worth $1,049,368,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Advocate Investing Services LLC acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $25,000. Parvin Asset Management LLC grew its stake in 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 buying an additional 33 shares during the last quarter. Cache Advisors LLC acquired a new stake in Home Depot in the first quarter worth $27,000. Key Capital Management INC bought a new stake in Home Depot in the fourth quarter valued at $28,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in Home Depot in the first quarter valued at $28,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Down 0.4%

HD stock opened at $331.73 on Wednesday. The firm’s 50-day moving average is $327.81 and its two-hundred day moving average is $345.04. The company has a market capitalization of $330.77 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 3.84 and a beta of 0.95. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. 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 posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. During the same period last year, the firm posted $3.56 earnings per share. The business’s 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. On average, analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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

Analyst Upgrades and Downgrades

HD has been the subject of several recent research reports. The Goldman Sachs Group lowered their price target on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. HSBC dropped their price target on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a research note on Wednesday, May 20th. Stifel Nicolaus reduced their price objective on Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Wolfe Research lowered Home Depot from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 23rd. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $346.00 target price on shares of Home Depot in a research note on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $371.71.

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.