Wesbanco Bank Inc. Grows Position in The Home Depot, Inc. $HD

Wesbanco Bank Inc. raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,151 shares of the home improvement retailer’s stock after buying an additional 2,353 shares during the quarter. Wesbanco Bank Inc.’s holdings in Home Depot were worth $23,795,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Stegent Equity Advisors Inc. grew its holdings in Home Depot by 2.7% during the 3rd quarter. Stegent Equity Advisors Inc. now owns 1,006 shares of the home improvement retailer’s stock valued at $408,000 after buying an additional 26 shares in the last quarter. Arcus Capital Partners LLC grew its holdings in Home Depot by 1.1% during the 3rd quarter. Arcus Capital Partners LLC now owns 2,445 shares of the home improvement retailer’s stock valued at $991,000 after buying an additional 27 shares in the last quarter. Westfuller Advisors LLC grew its holdings in Home Depot by 2.1% during the 4th quarter. Westfuller Advisors LLC now owns 1,325 shares of the home improvement retailer’s stock valued at $456,000 after buying an additional 27 shares in the last quarter. Darwin Wealth Management LLC grew its holdings in Home Depot by 0.5% during the 4th quarter. Darwin Wealth Management LLC now owns 4,949 shares of the home improvement retailer’s stock valued at $1,703,000 after buying an additional 27 shares in the last quarter. Finally, Alesco Advisors LLC grew its holdings in Home Depot by 3.2% during the 4th quarter. Alesco Advisors LLC now owns 866 shares of the home improvement retailer’s stock valued at $298,000 after buying an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In related news, CFO Richard V. Mcphail sold 2,550 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer owned 44,566 shares in the company, valued at $16,439,951.74. The trade was a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is currently owned by insiders.

Home Depot Price Performance

Shares of Home Depot stock opened at $317.43 on Friday. The stock has a market cap of $316.17 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 3.72 and a beta of 1.00. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.26 and a current ratio of 1.06. The stock has a 50 day moving average price of $339.65 and a 200-day moving average price of $357.57. The Home Depot, Inc. has a one year low of $310.40 and a one year high of $426.75.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.20. The firm had revenue of $38.20 billion during the quarter, compared to analysts’ expectations of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Equities analysts expect that The Home Depot, Inc. will post 15.03 EPS for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were issued a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Thursday, March 12th. This is an increase from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s dividend payout ratio (DPR) is presently 65.50%.

Wall Street Analyst Weigh In

HD has been the subject of several research analyst reports. Jefferies Financial Group raised their price target on Home Depot from $424.00 to $454.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Home Depot in a report on Friday, March 27th. Zacks Research upgraded Home Depot from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Bank of America assumed coverage on Home Depot in a report on Tuesday. They issued a “buy” rating and a $374.00 target price for the company. Finally, Wolfe Research lifted their target price on Home Depot from $413.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $412.24.

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.