Swedbank AB Has $750.65 Million Stock Holdings in The Home Depot, Inc. $HD

Swedbank AB boosted its stake in The Home Depot, Inc. (NYSE:HD) by 37.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,282,384 shares of the home improvement retailer’s stock after purchasing an additional 625,050 shares during the period. Home Depot comprises about 0.8% of Swedbank AB’s holdings, making the stock its 24th largest holding. Swedbank AB’s holdings in Home Depot were worth $750,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of HD. Curio Wealth LLC lifted its stake in shares of Home Depot by 13.5% in 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 grew its position in Home Depot by 2.1% during the 4th quarter. Westfuller Advisors LLC now owns 1,325 shares of the home improvement retailer’s stock worth $456,000 after acquiring an additional 27 shares during the last quarter. Darwin Wealth Management LLC grew its position in 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 worth $1,703,000 after acquiring an additional 27 shares during the last quarter. Alesco Advisors LLC increased its holdings in 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 in the last quarter. Finally, Canandaigua National Trust Co of Florida increased its holdings in 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 in the last quarter. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their price target on Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. DA Davidson lowered their price objective on Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. The Goldman Sachs Group lowered their price objective on Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. HSBC dropped their price objective on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a report on Wednesday, May 20th. Finally, Oppenheimer reduced their target price on shares of Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a report on Monday, May 18th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $371.71.

Home Depot Trading Down 1.2%

HD traded down $4.22 during midday trading on Tuesday, hitting $346.43. 858,658 shares of the company were exchanged, compared to its average volume of 4,518,624. The firm’s 50 day moving average price is $323.97 and its 200-day moving average price is $345.75. 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 capitalization of $345.43 billion, a P/E ratio of 24.61, a P/E/G ratio of 4.13 and a beta of 0.95. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $41.59 billion. During the same quarter in the prior year, the firm posted $3.56 earnings per share. The business’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. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were given a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s dividend payout ratio is currently 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.