The Home Depot, Inc. $HD Shares Purchased by Midwest Trust Co

Midwest Trust Co lifted its stake in The Home Depot, Inc. (NYSE:HD) by 3.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 177,475 shares of the home improvement retailer’s stock after purchasing an additional 5,906 shares during the quarter. Midwest Trust Co’s holdings in Home Depot were worth $61,069,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Oxbow Advisors LLC grew its position in Home Depot by 5.9% during the 4th quarter. Oxbow Advisors LLC now owns 2,537 shares of the home improvement retailer’s stock worth $873,000 after purchasing an additional 141 shares during the last quarter. LRI Investments LLC raised its holdings in shares of Home Depot by 0.4% in the fourth quarter. LRI Investments LLC now owns 26,634 shares of the home improvement retailer’s stock worth $9,165,000 after buying an additional 115 shares during the last quarter. EWA LLC lifted its stake in shares of Home Depot by 2.5% during the fourth quarter. EWA LLC now owns 1,434 shares of the home improvement retailer’s stock worth $493,000 after buying an additional 35 shares during the period. NewEdge Wealth LLC grew its holdings in shares of Home Depot by 6.6% during the fourth quarter. NewEdge Wealth LLC now owns 210,513 shares of the home improvement retailer’s stock valued at $72,437,000 after buying an additional 13,112 shares during the last quarter. Finally, Stiles Financial Services Inc grew its holdings in shares of Home Depot by 4.9% during the fourth quarter. Stiles Financial Services Inc now owns 11,457 shares of the home improvement retailer’s stock valued at $3,942,000 after buying an additional 533 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot News Summary

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

• Positive Sentiment: Erste Group raised its FY2028 earnings estimate for Home Depot, suggesting continued confidence in long-term profitability, with its forecast moving slightly higher to $16.30 per share from $16.26. This kind of estimate revision can help offset some negative sentiment around the stock.
• Positive Sentiment: Industry commentary continues to point to improving home improvement spending, with contractors still favoring Home Depot as one of their top destinations. That supports the case for steadier demand heading into future quarters. Home Improvement Spending Is, Well, Improving. Lowe’s Stock Looks Cheap.
• Neutral Sentiment: Home Depot and Hertz launched a nationwide military appreciation campaign that includes discounts and upgrades for service members and veterans. The initiative may help brand loyalty, but it is not likely to have an immediate material impact on earnings. Home Depot Hertz Military Campaign Aims To Deepen Long Term Loyalty
• Neutral Sentiment: Home Depot is drawing analyst attention in broader market coverage, but the article does not indicate a major new catalyst by itself. Home Depot, Apollo, Oscar, Nutrien, Enovix Trending With Analysts
• Negative Sentiment: Gordon Haskett lowered its price target on Home Depot from $395 to $330, signaling reduced upside expectations even though the new target still sits above the current share price. That kind of cut can weigh on investor sentiment. Gordon Haskett Adjusts Home Depot Price Target to 330 From 395

Insider Buying and Selling

In other news, CFO Richard V. Mcphail sold 2,550 shares of the firm’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 transaction of $940,669.50. Following the sale, the chief financial officer owned 44,566 shares of the company’s stock, valued at $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 is available through this link. Corporate insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HD shares. Wall Street Zen lowered Home Depot from a “hold” rating to a “sell” rating in a research note on Saturday. Sanford C. Bernstein boosted their price target on Home Depot from $381.00 to $390.00 and gave the company a “market perform” rating in a research note on Wednesday, February 25th. DA Davidson raised their price objective on Home Depot from $407.00 to $445.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Truist Financial set a $424.00 target price on Home Depot in a report on Tuesday, February 24th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Home Depot in a research report on Friday, March 27th. Twenty equities research 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, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $410.86.

Home Depot Price Performance

Shares of HD opened at $317.43 on Friday. The business’s 50-day moving average is $339.65 and its two-hundred day moving average is $357.57. The company has a market capitalization of $316.17 billion, a P/E ratio of 22.31, a P/E/G ratio of 3.66 and a beta of 1.00. The Home Depot, Inc. has a fifty-two week low of $310.40 and a fifty-two week high of $426.75. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.26 and a current ratio of 1.06.

Home Depot (NYSE:HD) last issued its quarterly earnings data 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. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The business had revenue of $38.20 billion during the quarter, compared to analysts’ expectations of $38.01 billion. During the same quarter in the previous year, the firm posted $3.13 EPS. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Research analysts predict that The Home Depot, Inc. will post 15.03 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were issued a $2.33 dividend. The ex-dividend date of this dividend was Thursday, March 12th. This is a boost from Home Depot’s previous quarterly dividend of $2.30. This represents a $9.32 dividend on an annualized basis and a yield of 2.9%. Home Depot’s dividend payout ratio is presently 65.50%.

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.