Keybank National Association OH Boosts Stake in The Home Depot, Inc. $HD

Keybank National Association OH boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 2.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 423,584 shares of the home improvement retailer’s stock after acquiring an additional 11,089 shares during the quarter. Keybank National Association OH’s holdings in Home Depot were worth $139,313,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HD. Advocate Investing Services LLC bought a new position in shares of Home Depot in the fourth quarter worth approximately $25,000. Parvin Asset Management LLC raised its stake in Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 33 shares in the last quarter. Cache Advisors LLC bought a new stake in Home Depot during the first quarter valued at approximately $27,000. Key Capital Management INC bought a new stake in Home Depot during the fourth quarter valued at approximately $28,000. Finally, Merkkuri Wealth Advisors LLC purchased a new position in Home Depot in the 1st quarter worth approximately $28,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE:HD opened at $357.73 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 firm’s fifty day simple moving average is $323.60 and its 200 day simple moving average is $345.74. The stock has a market cap of $356.69 billion, a P/E ratio of 25.41, a price-to-earnings-growth ratio of 4.05 and a beta of 0.95. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share 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 previous year, the firm posted $3.56 EPS. The business’s 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, research analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current 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 given a dividend of $2.33 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.6%. Home Depot’s dividend payout ratio (DPR) is currently 66.19%.

Analysts Set New Price Targets

A number of brokerages have recently commented on HD. Piper Sandler decreased their price target on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Truist Financial dropped their price objective on shares of Home Depot from $394.00 to $369.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Guggenheim reiterated a “buy” rating on shares of Home Depot in a research report on Monday. JPMorgan Chase & Co. reduced their target price on Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Finally, Telsey Advisory Group lowered their price target on Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.