The Home Depot, Inc. $HD is Palmer Knight Co’s 3rd Largest Position

Palmer Knight Co raised its stake in The Home Depot, Inc. (NYSE:HD) by 16.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,548 shares of the home improvement retailer’s stock after acquiring an additional 3,420 shares during the period. Home Depot makes up 4.4% of Palmer Knight Co’s portfolio, making the stock its 3rd largest holding. Palmer Knight Co’s holdings in Home Depot were worth $8,447,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Parvin Asset Management LLC increased its holdings in shares of Home Depot by 110.0% in 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 during the last quarter. Key Capital Management INC purchased a new position in Home Depot during the 4th quarter valued at approximately $28,000. Financially Speaking Inc purchased a new position in Home Depot during the 3rd quarter valued at approximately $31,000. Disciplined Equity Management Inc. bought a new stake in Home Depot in the 4th quarter worth approximately $34,000. Finally, Family CFO Inc bought a new stake in Home Depot in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 0.9%

HD stock opened at $315.19 on Wednesday. The Home Depot, Inc. has a twelve month low of $310.40 and a twelve month high of $426.75. The stock has a market capitalization of $313.94 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 3.41 and a beta of 1.00. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62. The firm’s fifty day simple moving average is $341.93 and its two-hundred day simple moving average is $358.50.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.20. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The firm had revenue of $38.20 billion during the quarter, compared to analyst estimates of $38.01 billion. During the same quarter last year, the business earned $3.13 EPS. The business’s revenue was down 3.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. As a group, analysts anticipate that The Home Depot, Inc. will post 15.02 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a dividend yield of 3.0%. This is a boost from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date was Thursday, March 12th. Home Depot’s dividend payout ratio (DPR) is presently 65.50%.

Key Headlines Impacting Home Depot

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Bank of America reinstated coverage with a Buy and named HD its top pick in home improvement, setting a $374 price target (roughly an 18–19% upside versus recent levels) — a clear catalyst for upside momentum. BofA Just Named Home Depot the Top Pick
• Positive Sentiment: J.P. Morgan and other analysts have reaffirmed bullish ratings, underscoring structural strengths (store traffic, PRO growth) that support a recovery narrative beyond near-term weather and housing headwinds. Home Depot Reaffirmed at Buy
• Neutral Sentiment: Home Depot will host its Q1 earnings call on May 19 — a near-term event that could re-shape sentiment depending on guidance and PRO segment trends. Earnings Conference Call Announcement
• Neutral Sentiment: Coverage pieces note long-term fundamentals remain intact despite short-term headwinds; these analyses help frame conviction for longer-horizon investors. Long-Term Prospects Analysis
• Negative Sentiment: Macro risk-off (oil/Geopolitics) and weak housing/remodel demand pushed HD toward multi-week/52-week lows in recent sessions, pressuring shares and creating short-term volatility. 52-Week Low Coverage
• Negative Sentiment: A shareholder proposal requests a report on risks from automated license-plate reader systems and third‑party data sharing (Flock Safety), raising reputational, regulatory and privacy concerns — the board urges a vote against it, but the issue could attract scrutiny. Shareholder Proposal on License Plate Data
• Negative Sentiment: Critical takes highlight a soft demand environment — commentary arguing remodeling/construction spending may stay weak in this economy could pressure near-term revenue/margin expectations. Bearish Demand Analysis
• Negative Sentiment: Reports of insider selling and institutional rebalancing are noted in data feeds; sustained selling or fund outflows would be a headwind if they continue. Quiver/Market Flow Note
• Negative Sentiment: Coverage flags potential labor/minimum-wage pressures that could raise costs if new rules or local measures advance. Minimum Wage Risk

Insider Activity

In other news, CFO Richard V. Mcphail sold 2,550 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following the transaction, the chief financial officer owned 44,566 shares of the company’s stock, valued at approximately $16,439,951.74. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.08% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on HD. TD Cowen reiterated a “buy” rating on shares of Home Depot in a research report on Thursday, March 12th. Truist Financial set a $424.00 price target on shares of Home Depot in a research note on Tuesday, February 24th. Evercore lowered their price objective on shares of Home Depot from $425.00 to $415.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. Daiwa Securities Group lifted their price objective on shares of Home Depot from $360.00 to $390.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Finally, Wolfe Research boosted their target price on shares of Home Depot from $413.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $412.24.

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.