Davis R M Inc. Purchases 5,977 Shares of The Home Depot, Inc. $HD

Davis R M Inc. grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.8% during the first quarter, Holdings Channel reports. The fund owned 165,016 shares of the home improvement retailer’s stock after purchasing an additional 5,977 shares during the period. Davis R M Inc.’s holdings in Home Depot were worth $54,272,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Curio Wealth LLC raised its holdings in Home Depot by 13.5% in the fourth quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer’s stock worth $76,000 after purchasing an additional 26 shares in the last quarter. Westfuller Advisors LLC boosted its holdings in shares of Home Depot by 2.1% during the 4th quarter. Westfuller Advisors LLC now owns 1,325 shares of the home improvement retailer’s stock valued at $456,000 after buying an additional 27 shares in the last quarter. Darwin Wealth Management LLC boosted its holdings in shares of Home Depot by 0.5% during the 4th quarter. Darwin Wealth Management LLC now owns 4,949 shares of the home improvement retailer’s stock valued at $1,703,000 after buying an additional 27 shares in the last quarter. Alesco Advisors LLC grew its position 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 buying an additional 27 shares during the period. Finally, Canandaigua National Trust Co of Florida grew its position 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 buying an additional 27 shares during the period. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the subject of several research reports. HSBC decreased their price target on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a research note on Wednesday, May 20th. Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Jefferies Financial Group decreased their target price on shares of Home Depot from $361.00 to $360.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. Stifel Nicolaus lowered their target price on shares of Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a report on Monday, May 18th. Finally, Wolfe Research cut Home Depot from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 23rd. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $371.71.

Home Depot Stock Up 0.0%

Home Depot stock opened at $331.73 on Thursday. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The stock has a fifty day simple moving average of $328.39 and a two-hundred day simple moving average of $344.95. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The firm has a market cap of $330.77 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 3.83 and a beta of 0.95.

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, beating analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.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 company posted $3.56 earnings per share. The company’s quarterly 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. Equities analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were given a $2.33 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. Home Depot’s payout ratio is 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.