The Home Depot, Inc. $HD Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.3% during the fourth quarter, Holdings Channel reports. The firm owned 137,290 shares of the home improvement retailer’s stock after selling 1,857 shares during the quarter. Home Depot makes up approximately 1.5% of KCM Investment Advisors LLC’s portfolio, making the stock its 17th biggest holding. KCM Investment Advisors LLC’s holdings in Home Depot were worth $47,242,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Parvin Asset Management LLC lifted its stake in 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 purchasing an additional 33 shares in the last quarter. Advocate Investing Services LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at $25,000. Key Capital Management INC acquired a new stake in shares of Home Depot in the fourth quarter valued at $28,000. Imprint Wealth LLC acquired a new stake in shares of Home Depot in the third quarter valued at $34,000. Finally, Navalign LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at $31,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HD. Morgan Stanley reduced their price objective on Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Bank of America began coverage on Home Depot in a research note on Tuesday, May 5th. They issued a “buy” rating and a $374.00 price objective on the stock. The Goldman Sachs Group reduced their price objective on Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Gordon Haskett increased their price objective on Home Depot from $320.00 to $330.00 in a research note on Friday. Finally, Jefferies Financial Group reduced their price objective on Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $371.71.

Home Depot Stock Up 0.7%

Home Depot stock opened at $328.37 on Friday. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The stock has a market cap of $327.42 billion, a PE ratio of 23.32, a P/E/G ratio of 3.79 and a beta of 0.97. The stock’s fifty day moving average is $322.44 and its two-hundred day moving average is $347.04.

Home Depot (NYSE:HD) last posted its quarterly 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 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 firm earned $3.56 earnings per share. 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 expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

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.