The Home Depot, Inc. $HD Shares Sold by Root Financial Partners LLC

Root Financial Partners LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 16.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,735 shares of the home improvement retailer’s stock after selling 1,951 shares during the quarter. Root Financial Partners LLC’s holdings in Home Depot were worth $3,202,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Essex Financial Services Inc. raised its stake in shares of Home Depot by 0.6% during the 1st quarter. Essex Financial Services Inc. now owns 13,512 shares of the home improvement retailer’s stock worth $4,444,000 after buying an additional 79 shares during the last quarter. Fulton Bank N.A. grew its stake in Home Depot by 1.8% in the 1st quarter. Fulton Bank N.A. now owns 25,804 shares of the home improvement retailer’s stock valued at $8,487,000 after acquiring an additional 466 shares during the last quarter. Secured Retirement Advisors LLC increased its holdings in Home Depot by 12.0% during the 1st quarter. Secured Retirement Advisors LLC now owns 1,180 shares of the home improvement retailer’s stock valued at $388,000 after acquiring an additional 126 shares in the last quarter. Financial Life Planners purchased a new position in Home Depot during the 1st quarter valued at about $85,000. Finally, IFM Investors Pty Ltd raised its position in Home Depot by 3.5% during the first quarter. IFM Investors Pty Ltd now owns 202,320 shares of the home improvement retailer’s stock worth $66,541,000 after acquiring an additional 6,858 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on HD shares. Piper Sandler reduced 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. Bank of America assumed coverage on Home Depot in a research report on Tuesday, May 5th. They set a “buy” rating and a $374.00 price objective for the company. TD Cowen reduced their target price on Home Depot from $450.00 to $375.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Robert W. Baird reduced their target price on Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Finally, Stifel Nicolaus dropped their price target on Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Eighteen 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. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Stock Performance

Shares of NYSE HD opened at $357.73 on Friday. The company has a market cap of $356.69 billion, a PE 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 12 month low of $289.10 and a 12 month 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 company has a 50-day simple moving average of $323.60 and a 200-day simple moving average of $345.74.

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 analysts’ consensus estimates of $3.41 by $0.02. The business had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were issued 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 2.6%. Home Depot’s dividend payout ratio (DPR) is 66.19%.

Home Depot Company 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.