Piedmont Capital Management LLC NC Takes Position in The Home Depot, Inc. $HD

Piedmont Capital Management LLC NC acquired a new position in The Home Depot, Inc. (NYSE:HD) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,811 shares of the home improvement retailer’s stock, valued at approximately $967,000. Home Depot makes up approximately 0.6% of Piedmont Capital Management LLC NC’s holdings, making the stock its 24th biggest holding.

Several other large investors have also recently added to or reduced their stakes in HD. Parvin Asset Management LLC raised 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 valued at $26,000 after acquiring an additional 33 shares in the last quarter. Advocate Investing Services LLC bought a new stake in Home Depot during the 4th quarter valued at $25,000. Key Capital Management INC bought a new stake in Home Depot during the 4th quarter valued at $28,000. Imprint Wealth LLC bought a new stake in Home Depot during the 3rd quarter valued at $34,000. Finally, Navalign LLC bought a new stake in Home Depot during the 4th quarter valued at $31,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Down 0.0%

Shares of NYSE:HD opened at $328.37 on Monday. The company has a 50 day moving average of $322.44 and a 200-day moving average of $347.12. The firm has a market cap of $327.42 billion, a P/E ratio of 23.32, a P/E/G ratio of 3.79 and a beta of 0.97. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month 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 issued its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping 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 company had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. During the same period in the prior year, the business posted $3.56 EPS. The business’s revenue for the quarter 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. As a group, analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, June 4th. Home Depot’s payout ratio is presently 66.19%.

Analyst Ratings Changes

Several analysts have weighed in on HD shares. Piper Sandler cut their target price on Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Weiss Ratings raised shares of Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 9th. Citigroup reduced their price target on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Mizuho reduced their price target on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Finally, The Goldman Sachs Group reduced 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 note on Wednesday, May 20th. Nineteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.