Cary Street Partners Financial LLC Grows Stock Holdings in The Home Depot, Inc. $HD

Cary Street Partners Financial LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.3% in the 4th quarter, Holdings Channel reports. The firm owned 58,214 shares of the home improvement retailer’s stock after buying an additional 1,880 shares during the period. Cary Street Partners Financial LLC’s holdings in Home Depot were worth $20,032,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in HD. Wellington Management Group LLP raised its holdings in shares of Home Depot by 60.8% during the third 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 during the last quarter. Vanguard Group Inc. raised its holdings in shares of Home Depot by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock valued at $34,284,672,000 after purchasing an additional 1,325,748 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Home Depot by 37.6% during the third quarter. Franklin Resources Inc. now owns 3,806,308 shares of the home improvement retailer’s stock valued at $1,542,278,000 after purchasing an additional 1,040,577 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Home Depot by 215.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,248,615 shares of the home improvement retailer’s stock valued at $429,648,000 after purchasing an additional 852,719 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in shares of Home Depot during the third quarter valued at approximately $284,893,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on HD shares. Bank of America started coverage on shares of Home Depot in a research report on Tuesday, May 5th. They set a “buy” rating and a $374.00 target price for the company. Gordon Haskett cut their target price on shares of Home Depot from $330.00 to $320.00 and set a “hold” rating for the company in a research report on Tuesday, May 19th. The Goldman Sachs Group cut their target price on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Daiwa Securities Group boosted their target price on shares of Home Depot from $360.00 to $390.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. Finally, Oppenheimer cut their target price on shares of 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. Twenty research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $371.39.

Insider Buying and Selling at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total value of $940,669.50. Following the completion of the transaction, the chief financial officer directly owned 44,566 shares in the company, valued at $16,439,951.74. This represents a 5.41% 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 currently owned by insiders.

Home Depot Stock Performance

Shares of NYSE HD opened at $313.18 on Tuesday. The firm has a 50 day moving average of $326.42 and a 200 day moving average of $351.14. The company has a current ratio of 1.04, a quick ratio of 0.26 and a debt-to-equity ratio of 3.23. The firm has a market capitalization of $311.94 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 3.62 and a beta of 1.00. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75.

Home Depot (NYSE:HD) last posted 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. The business had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The company’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15.02 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Thursday, June 4th. Home Depot’s dividend payout ratio is presently 66.19%.

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.