Illinois Municipal Retirement Fund Acquires 2,394 Shares of The Home Depot, Inc. $HD

Illinois Municipal Retirement Fund lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 3.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 65,862 shares of the home improvement retailer’s stock after buying an additional 2,394 shares during the period. Illinois Municipal Retirement Fund’s holdings in Home Depot were worth $21,661,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Gator Capital Management LLC bought a new position in Home Depot in the 4th quarter valued at approximately $3,693,000. King Luther Capital Management Corp increased its holdings in shares of Home Depot by 0.6% during the fourth quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer’s stock worth $426,848,000 after buying an additional 7,180 shares in the last quarter. Carnegie Investment Counsel lifted its stake in shares of Home Depot by 24.8% in the 4th quarter. Carnegie Investment Counsel now owns 108,306 shares of the home improvement retailer’s stock valued at $37,268,000 after acquiring an additional 21,545 shares during the last quarter. Savvy Advisors Inc. boosted its holdings in shares of Home Depot by 36.0% during the 4th quarter. Savvy Advisors Inc. now owns 19,478 shares of the home improvement retailer’s stock valued at $6,703,000 after acquiring an additional 5,152 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its position in Home Depot by 320.4% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer’s stock worth $3,886,000 after acquiring an additional 8,606 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Bank of America began coverage on Home Depot in a research report on Tuesday, May 5th. They issued a “buy” rating and a $374.00 target price for the company. DA Davidson dropped their price objective on shares of Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Wall Street Zen raised shares of Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Weiss Ratings upgraded shares of Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 7th. Finally, BNP Paribas Exane cut their price target on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $371.71.

Home Depot Price Performance

Home Depot stock opened at $341.62 on Thursday. The stock’s 50 day moving average is $326.03 and its 200 day moving average is $345.29. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The firm has a market cap of $340.64 billion, a P/E ratio of 24.26, a P/E/G ratio of 3.90 and a beta of 0.95. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. During the same quarter in the prior year, the firm posted $3.56 EPS. The company’s revenue for the quarter 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, research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a dividend of $2.33 per share. The ex-dividend date was Thursday, June 4th. This represents a $9.32 annualized dividend and a dividend yield of 2.7%. Home Depot’s dividend payout ratio is 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.