Sentinel Dome Partners LLC Invests $3.01 Million in The Home Depot, Inc. $HD

Sentinel Dome Partners LLC acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the fourth quarter, Holdings Channel.com reports. The firm acquired 8,750 shares of the home improvement retailer’s stock, valued at approximately $3,011,000. Home Depot makes up about 2.0% of Sentinel Dome Partners LLC’s portfolio, making the stock its 18th largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Advocate Investing Services LLC acquired a new position in Home Depot in the fourth quarter valued at approximately $25,000. Parvin Asset Management LLC grew its stake in shares of Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares during the period. Key Capital Management INC purchased a new position in shares of Home Depot during the 4th quarter valued at approximately $28,000. Abound Financial LLC purchased a new position in shares of Home Depot during the 4th quarter valued at approximately $29,000. Finally, Navalign LLC acquired a new position in shares of Home Depot in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. BNP Paribas Exane dropped their target price on Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. Evercore reduced their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Citigroup lowered their price target on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Guggenheim reissued a “buy” rating and issued a $425.00 price objective on shares of Home Depot in a report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. cut their price objective on Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $371.71.

Home Depot Trading Up 0.1%

Shares of Home Depot stock opened at $334.72 on Friday. The firm has a market capitalization of $333.75 billion, a PE ratio of 23.77, a P/E/G ratio of 3.86 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 firm’s 50-day moving average price is $323.24 and its 200 day moving average price is $346.39. 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 posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping 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 company had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. During the same period in the previous year, the business earned $3.56 EPS. Home Depot’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. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a $2.33 dividend. The ex-dividend date was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. Home Depot’s dividend payout ratio (DPR) is presently 66.19%.

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.