Venturi Wealth Management LLC Acquires 10,642 Shares of The Home Depot, Inc. $HD

Venturi Wealth Management LLC boosted its stake in The Home Depot, Inc. (NYSE:HD) by 23.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,975 shares of the home improvement retailer’s stock after purchasing an additional 10,642 shares during the period. Venturi Wealth Management LLC’s holdings in Home Depot were worth $18,409,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Parvin Asset Management LLC raised its position in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 33 shares during the last quarter. Advocate Investing Services LLC bought a new stake in Home Depot in the fourth quarter valued at approximately $25,000. Key Capital Management INC bought a new stake in Home Depot in the fourth quarter valued at approximately $28,000. Cache Advisors LLC acquired a new stake in Home Depot during the 1st quarter valued at approximately $27,000. Finally, Imprint Wealth LLC acquired a new stake in Home Depot during the 3rd quarter valued at approximately $34,000. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Up 1.0%

NYSE HD opened at $348.60 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. The business has a 50 day moving average price of $322.98 and a 200-day moving average price of $345.78. The company has a market cap of $347.60 billion, a price-to-earnings ratio of 24.76, a P/E/G ratio of 4.03 and a beta of 0.97.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $41.59 billion. During the same period last year, the business earned $3.56 EPS. Home Depot’s quarterly revenue was up 4.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were paid a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is 66.19%.

Analysts Set New Price Targets

HD has been the topic of a number of recent analyst reports. Evercore dropped their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Weiss Ratings cut shares of Home Depot from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. Wells Fargo & Company decreased their price objective on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. BNP Paribas Exane lowered their target price on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a research note on Tuesday, May 19th. Finally, Citigroup dropped their target price on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.71.

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.