Wesbanco Bank Inc. Purchases 2,353 Shares of The Home Depot, Inc. $HD

Wesbanco Bank Inc. raised its position in The Home Depot, Inc. (NYSE:HD) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,151 shares of the home improvement retailer’s stock after acquiring an additional 2,353 shares during the quarter. Wesbanco Bank Inc.’s holdings in Home Depot were worth $23,795,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. GRIMES & Co WEALTH MANAGEMENT LLC lifted its holdings in Home Depot by 9.9% in the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 10,543 shares of the home improvement retailer’s stock valued at $3,628,000 after acquiring an additional 950 shares during the period. International Assets Investment Management LLC lifted its holdings in Home Depot by 9.1% in the fourth quarter. International Assets Investment Management LLC now owns 21,783 shares of the home improvement retailer’s stock valued at $7,496,000 after acquiring an additional 1,812 shares during the period. Diversify Wealth Management LLC lifted its holdings in Home Depot by 1.9% in the fourth quarter. Diversify Wealth Management LLC now owns 15,846 shares of the home improvement retailer’s stock valued at $6,017,000 after acquiring an additional 299 shares during the period. Luken Investment Analytics LLC lifted its holdings in Home Depot by 9.1% in the fourth quarter. Luken Investment Analytics LLC now owns 335 shares of the home improvement retailer’s stock valued at $115,000 after acquiring an additional 28 shares during the period. Finally, MGO One Seven LLC lifted its holdings in Home Depot by 5.5% in the fourth quarter. MGO One Seven LLC now owns 53,512 shares of the home improvement retailer’s stock valued at $18,414,000 after acquiring an additional 2,776 shares during the period. Institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HD. Citigroup increased their target price on Home Depot from $407.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Wolfe Research raised their price objective on Home Depot from $413.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. Bank of America began coverage on Home Depot in a research note on Tuesday. They issued a “buy” rating and a $374.00 price objective on the stock. Evercore decreased their price objective on Home Depot from $425.00 to $415.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 31st. Finally, Telsey Advisory Group restated an “outperform” rating and set a $435.00 target price on shares of Home Depot in a research note on Wednesday, March 25th. Twenty analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $412.24.

Insider Transactions at Home Depot

In related news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following the sale, the chief financial officer owned 44,566 shares of the company’s stock, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.08% of the company’s stock.

Home Depot Stock Down 1.6%

Shares of HD stock opened at $317.43 on Friday. The company’s fifty day moving average price is $339.65 and its 200-day moving average price is $357.57. The company has a market capitalization of $316.17 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 3.72 and a beta of 1.00. The Home Depot, Inc. has a one year low of $310.40 and a one year high of $426.75. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.06 and a quick ratio of 0.26.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.20. The company had revenue of $38.20 billion for the quarter, compared to the consensus estimate of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The firm’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the company earned $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Sell-side analysts expect that The Home Depot, Inc. will post 15.03 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were paid a dividend of $2.33 per share. This is a boost from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $9.32 annualized dividend and a yield of 2.9%. Home Depot’s dividend payout ratio is 65.50%.

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.