Taylor Securities Services Inc. Invests $1.33 Million in The Home Depot, Inc. $HD

Taylor Securities Services Inc. purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,871 shares of the home improvement retailer’s stock, valued at approximately $1,332,000. Home Depot makes up approximately 0.6% of Taylor Securities Services Inc.’s investment portfolio, making the stock its 16th biggest position.

Several other institutional investors also recently modified their holdings of the business. Norges Bank bought a new stake in Home Depot in the 4th quarter worth about $4,850,329,000. Wellington Management Group LLP raised its position in Home Depot by 60.8% in the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock worth $4,109,878,000 after buying an additional 3,836,051 shares during the last quarter. Cardano Risk Management B.V. lifted its stake in Home Depot by 901.5% during the 4th quarter. Cardano Risk Management B.V. now owns 3,290,540 shares of the home improvement retailer’s stock valued at $1,132,275,000 after acquiring an additional 2,961,979 shares during the period. J. Stern & Co. LLP lifted its stake in Home Depot by 14,869.3% during the 4th quarter. J. Stern & Co. LLP now owns 2,232,521 shares of the home improvement retailer’s stock valued at $768,210,000 after acquiring an additional 2,217,607 shares during the period. Finally, Parnassus Investments LLC boosted its holdings in shares of Home Depot by 712.3% during the 4th quarter. Parnassus Investments LLC now owns 2,080,538 shares of the home improvement retailer’s stock valued at $715,913,000 after acquiring an additional 1,824,409 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. lowered their price objective on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. UBS Group dropped their target price on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Gordon Haskett lifted their target price on shares of Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. Finally, Stifel Nicolaus decreased their target price on shares of Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Nineteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Trading Up 0.1%

Home Depot stock opened at $334.72 on Friday. The business has a 50-day simple moving average of $323.24 and a two-hundred day simple moving average of $346.39. The company has a market cap of $333.75 billion, a P/E ratio of 23.77, a P/E/G ratio of 3.86 and a beta of 0.97. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23.

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

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s dividend payout ratio is currently 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.