Texas Bank & Trust Co Purchases 1,670 Shares of The Home Depot, Inc. $HD

Texas Bank & Trust Co lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 16.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,018 shares of the home improvement retailer’s stock after buying an additional 1,670 shares during the period. Home Depot comprises 1.5% of Texas Bank & Trust Co’s investment portfolio, making the stock its 14th largest position. Texas Bank & Trust Co’s holdings in Home Depot were worth $4,135,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP boosted its stake in shares of Home Depot by 60.8% in the 3rd 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 purchasing an additional 3,836,051 shares in the last quarter. Vanguard Group Inc. raised its position in Home Depot by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock worth $34,284,672,000 after purchasing an additional 1,325,748 shares during the period. Franklin Resources Inc. lifted its stake in Home Depot by 37.6% in the third quarter. Franklin Resources Inc. now owns 3,806,308 shares of the home improvement retailer’s stock worth $1,542,278,000 after purchasing an additional 1,040,577 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Home Depot by 215.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,248,615 shares of the home improvement retailer’s stock worth $429,648,000 after purchasing an additional 852,719 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in Home Depot during the third quarter valued at about $284,893,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In related news, CFO Richard V. Mcphail sold 2,550 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer owned 44,566 shares in the company, valued at approximately $16,439,951.74. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on HD. Citigroup dropped their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Mizuho reduced their price target on Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a report on Wednesday. Argus lowered their price target on Home Depot from $425.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday. Morgan Stanley reduced their target price on Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Stifel Nicolaus dropped their price target on Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a research note on Monday. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $371.39.

Home Depot Price Performance

Shares of HD opened at $313.73 on Friday. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The company has a market capitalization of $312.48 billion, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The firm has a 50 day moving average of $327.69 and a 200 day moving average of $352.09. The company has a quick ratio of 0.26, a current ratio of 1.04 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) 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 business had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. During the same period in the prior year, the firm posted $3.56 EPS. The firm’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 research analysts anticipate that The Home Depot, Inc. will post 14.99 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $9.32 annualized dividend and a dividend yield of 3.0%. Home Depot’s payout ratio is presently 65.50%.

Trending Headlines about Home Depot

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

• Positive Sentiment: The Home Depot declared a quarterly cash dividend of $2.33 per share, reinforcing its shareholder-return profile. The Home Depot Declares Quarterly Dividend of $2.33
• Positive Sentiment: Argus cut its price target on Home Depot but kept a Buy rating, implying meaningful upside remains if housing and remodeling demand improve. Argus adjusts price target on Home Depot
• Positive Sentiment: Home Depot’s Q1 results topped estimates and management reaffirmed fiscal 2026 guidance, showing the business is still growing despite a tougher environment. Home Depot Reports Strong Q1 Results
• Neutral Sentiment: Home Depot Foundation’s $5.5 million disaster-preparedness grant program is positive for the brand but is unlikely to have a major near-term earnings impact. The Home Depot Foundation Invests $5.5M
• Negative Sentiment: Multiple analysts reduced price targets after Q1, signaling a more cautious view on valuation and near-term growth prospects. These Analysts Cut Their Forecasts On Home Depot After Q1 Results
• Negative Sentiment: Commentary around Q1 results highlights modest same-store sales, deferred big-ticket remodels, and cost growth outpacing revenue, all of which weigh on the stock. Home Depot Q1 profit falls as cost growth outpaces revenue

Home Depot 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.