WT Wealth Management Sells 1,955 Shares of The Home Depot, Inc. $HD

WT Wealth Management lowered its stake in The Home Depot, Inc. (NYSE:HD) by 22.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,831 shares of the home improvement retailer’s stock after selling 1,955 shares during the period. WT Wealth Management’s holdings in Home Depot were worth $2,247,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HD. Norges Bank bought a new stake in Home Depot in the fourth quarter worth $4,850,329,000. Wellington Management Group LLP increased its holdings in shares of Home Depot by 60.8% during the third quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock valued at $4,109,878,000 after acquiring an additional 3,836,051 shares in the last quarter. Cardano Risk Management B.V. increased its holdings in shares of Home Depot by 901.5% during the fourth quarter. Cardano Risk Management B.V. now owns 3,290,540 shares of the home improvement retailer’s stock valued at $1,132,275,000 after acquiring an additional 2,961,979 shares in the last quarter. J. Stern & Co. LLP raised its position in shares of Home Depot by 14,869.3% in the 4th quarter. J. Stern & Co. LLP now owns 2,232,521 shares of the home improvement retailer’s stock worth $768,210,000 after purchasing an additional 2,217,607 shares during the last quarter. Finally, Parnassus Investments LLC raised its position in shares of Home Depot by 712.3% in the 4th quarter. Parnassus Investments LLC now owns 2,080,538 shares of the home improvement retailer’s stock worth $715,913,000 after purchasing an additional 1,824,409 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HD. Sanford C. Bernstein reissued a “market perform” rating and set a $346.00 price objective on shares of Home Depot in a research report on Wednesday, May 20th. TD Cowen decreased their target price on shares of Home Depot from $450.00 to $375.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Jefferies Financial Group dropped their target price on shares of Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Weiss Ratings cut shares of Home Depot from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. Finally, Wells Fargo & Company reduced their price target on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.71.

Home Depot Price Performance

Shares of NYSE:HD opened at $348.60 on Friday. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The business has a 50-day simple moving average of $322.98 and a two-hundred day simple moving average of $345.78. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. The firm has a market cap of $347.60 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 4.03 and a beta of 0.97.

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 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 quarter last year, the firm posted $3.56 EPS. The business’s quarterly 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. On average, analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued a $2.33 dividend. The ex-dividend date was Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.7%. Home Depot’s dividend payout ratio (DPR) is currently 66.19%.

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.