Palmer Knight Co Acquires New Holdings in The Home Depot, Inc. $HD

Palmer Knight Co bought a new stake in The Home Depot, Inc. (NYSE:HD) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 29,562 shares of the home improvement retailer’s stock, valued at approximately $10,426,000. Home Depot comprises about 4.0% of Palmer Knight Co’s investment portfolio, making the stock its 5th largest holding.

A number of other large investors have also added to or reduced their stakes in the company. Parvin Asset Management LLC lifted its position in Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after acquiring an additional 33 shares during the last quarter. Advocate Investing Services LLC purchased a new position in Home Depot in the fourth quarter worth $25,000. Zeit Capital LLC purchased a new position in Home Depot in the second quarter worth $26,000. Cache Advisors LLC acquired a new position in shares of Home Depot during the first quarter worth $27,000. Finally, Imprint Wealth LLC acquired a new position in shares of Home Depot during the third quarter worth $34,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

Shares of HD opened at $337.97 on Wednesday. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31. The company’s fifty day moving average price is $341.04 and its 200-day moving average price is $339.54. 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 $337.00 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 3.72 and a beta of 0.95.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The company had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same quarter last year, the business posted $4.68 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities research analysts predict that The Home Depot, Inc. will post 14.99 EPS for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be paid a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is presently 65.22%.

Insider Activity at Home Depot

In related news, CFO Richard V. Mcphail sold 5,989 shares of Home Depot stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the completion of the sale, the chief financial officer owned 48,104 shares of the company’s stock, valued at $16,759,433.60. The trade was a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.08% of the stock is owned by company insiders.

Key Home Depot News

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

• Positive Sentiment: Home Depot reported quarterly revenue of $47.86 billion, up 5.7% year over year and above expectations, while adjusted diluted EPS of $4.92 exceeded the $4.73 consensus estimate. The results provided support for the stock, although they did not yet indicate a broad-based recovery in home improvement. Home Depot Q2 estimates and tariff refund
• Positive Sentiment: Management commentary indicated that smaller projects are driving growth as high mortgage rates and housing affordability challenges weigh on larger purchases. This suggests customers remain active, even if demand is shifting toward lower-cost jobs. Home Depot Q2 earnings call transcript
• Positive Sentiment: Home Depot’s 17-year dividend growth streak remains an attraction for income-oriented investors who can collect dividends while waiting for housing and renovation demand to improve. Home Depot dividend streak
• Neutral Sentiment: A $685 million tariff refund contributed to the quarterly outcome, raising concerns that part of the earnings strength may be one-time rather than driven by ongoing operating improvement. Home Depot tariff refund analysis
• Neutral Sentiment: The nationwide launch of three-hour delivery expands Home Depot’s e-commerce and fulfillment capabilities, but its effect on sales and margins remains unproven. Home Depot three-hour delivery
• Neutral Sentiment: Articles highlighting HD’s long-term multibagger returns and ownership by prominent investors may reinforce the company’s appeal, but they are not immediate earnings catalysts. Home Depot long-term returns
• Negative Sentiment: Home Depot’s CFO sold approximately $2.1 million of company stock. While insider selling can reflect personal financial planning, it may weigh modestly on sentiment. Home Depot CFO stock sale

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Oppenheimer lowered their price objective on Home Depot from $405.00 to $310.00 and set a “market perform” rating for the company in a research report on Monday, May 18th. TD Cowen reaffirmed a “buy” rating on shares of Home Depot in a research report on Monday, August 10th. Weiss Ratings upgraded Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 7th. Wall Street Zen raised Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, Truist Financial boosted their price target on Home Depot from $369.00 to $373.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $375.54.

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.