Venturi Wealth Management LLC Raises Position in The Home Depot, Inc. $HD

Venturi Wealth Management LLC grew its stake in The Home Depot, Inc. (NYSE:HD) by 23.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,975 shares of the home improvement retailer’s stock after purchasing an additional 10,642 shares during the quarter. Venturi Wealth Management LLC’s holdings in Home Depot were worth $18,409,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of HD. Parvin Asset Management LLC lifted its stake in Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after acquiring an additional 33 shares in the last quarter. Advocate Investing Services LLC bought a new position in shares of Home Depot during the fourth quarter valued at about $25,000. Key Capital Management INC purchased a new position in Home Depot during the fourth quarter worth about $28,000. Cache Advisors LLC bought a new stake in Home Depot in the 1st quarter worth about $27,000. Finally, Imprint Wealth LLC purchased a new stake in Home Depot in the 3rd quarter valued at about $34,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $348.60 on Friday. The firm’s 50 day moving average is $322.98 and its 200 day moving average is $345.78. The stock has a market capitalization of $347.60 billion, a P/E ratio of 24.76, a PEG ratio of 4.03 and a beta of 0.97. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last released 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. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. During the same period in the previous year, the business earned $3.56 EPS. Home Depot’s revenue 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. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, June 4th. Home Depot’s payout ratio is presently 66.19%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. DA Davidson reduced their target price on Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Guggenheim restated a “buy” rating and issued a $425.00 price objective on shares of Home Depot in a research note on Wednesday, May 20th. Mizuho decreased their target price on Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Evercore lowered their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Finally, Weiss Ratings downgraded shares of Home Depot from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. Eighteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $371.71.

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.