Hennion & Walsh Asset Management Inc. Acquires 1,690 Shares of The Home Depot, Inc. $HD

Hennion & Walsh Asset Management Inc. boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 38.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,116 shares of the home improvement retailer’s stock after purchasing an additional 1,690 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Home Depot were worth $2,157,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of HD. Advocate Investing Services LLC bought a new position in shares of Home Depot in the 4th quarter valued at about $25,000. Parvin Asset Management LLC increased its stake in Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 33 shares during the last quarter. Cache Advisors LLC purchased a new stake in Home Depot during the first quarter valued at approximately $27,000. Key Capital Management INC purchased a new stake in Home Depot during the fourth quarter valued at approximately $28,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in shares of Home Depot in the 1st quarter valued at approximately $28,000. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on HD shares. Stifel Nicolaus dropped their target price on Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a report on Monday, May 18th. Wolfe Research downgraded Home Depot from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 23rd. Mizuho dropped their price objective on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Bank of America assumed coverage on shares of Home Depot in a research report on Tuesday, May 5th. They set a “buy” rating and a $374.00 price objective on the stock. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $346.00 target price on shares of Home Depot in a research note on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $373.14.

Home Depot Price Performance

Shares of HD stock opened at $353.65 on Wednesday. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. The firm has a market capitalization of $352.63 billion, a P/E ratio of 25.12, a P/E/G ratio of 4.05 and a beta of 0.95. The stock has a 50 day moving average price of $337.39 and a 200 day moving average price of $342.43.

Home Depot (NYSE:HD) last announced its quarterly earnings data 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 return on equity of 117.24% and a net margin of 8.41%.The company had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. During the same quarter in the prior year, the company posted $3.56 EPS. Home Depot’s quarterly revenue was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were issued a $2.33 dividend. The ex-dividend date was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.6%. Home Depot’s dividend payout ratio is presently 66.19%.

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.