Texas Bank & Trust Co Raises Position in The Home Depot, Inc. $HD

Texas Bank & Trust Co grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 16.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,018 shares of the home improvement retailer’s stock after acquiring an additional 1,670 shares during the period. Home Depot comprises approximately 1.5% of Texas Bank & Trust Co’s holdings, making the stock its 14th largest position. Texas Bank & Trust Co’s holdings in Home Depot were worth $4,135,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in Home Depot by 60.8% during the third quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock valued at $4,109,878,000 after purchasing an additional 3,836,051 shares during the period. Vanguard Group Inc. raised its stake in shares of Home Depot by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock worth $34,284,672,000 after buying an additional 1,325,748 shares during the period. Franklin Resources Inc. lifted its position in shares of Home Depot by 37.6% during the 3rd quarter. Franklin Resources Inc. now owns 3,806,308 shares of the home improvement retailer’s stock valued at $1,542,278,000 after buying an additional 1,040,577 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Home Depot by 215.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,248,615 shares of the home improvement retailer’s stock valued at $429,648,000 after acquiring an additional 852,719 shares during the period. Finally, Alyeska Investment Group L.P. bought a new position in shares of Home Depot during the 3rd quarter valued at approximately $284,893,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HD has been the topic of a number of recent analyst reports. TD Cowen decreased their target price on shares of Home Depot from $450.00 to $375.00 and set a “buy” rating on the stock in a research note on Wednesday. Mizuho dropped their price target on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a research report on Wednesday. Gordon Haskett decreased their price objective on shares of Home Depot from $330.00 to $320.00 and set a “hold” rating on the stock in a research report on Tuesday. Sanford C. Bernstein restated a “market perform” rating and set a $346.00 target price on shares of Home Depot in a research note on Wednesday. Finally, Zacks Research raised shares of Home Depot from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Twenty analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.39.

Key Headlines Impacting Home Depot

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

• Positive Sentiment: The Home Depot declared a quarterly cash dividend of $2.33 per share, reinforcing its shareholder-return profile. The Home Depot Declares Quarterly Dividend of $2.33
• Positive Sentiment: Argus cut its price target on Home Depot but kept a Buy rating, implying meaningful upside remains if housing and remodeling demand improve. Argus adjusts price target on Home Depot
• Positive Sentiment: Home Depot’s Q1 results topped estimates and management reaffirmed fiscal 2026 guidance, showing the business is still growing despite a tougher environment. Home Depot Reports Strong Q1 Results
• Neutral Sentiment: Home Depot Foundation’s $5.5 million disaster-preparedness grant program is positive for the brand but is unlikely to have a major near-term earnings impact. The Home Depot Foundation Invests $5.5M
• Negative Sentiment: Multiple analysts reduced price targets after Q1, signaling a more cautious view on valuation and near-term growth prospects. These Analysts Cut Their Forecasts On Home Depot After Q1 Results
• Negative Sentiment: Commentary around Q1 results highlights modest same-store sales, deferred big-ticket remodels, and cost growth outpacing revenue, all of which weigh on the stock. Home Depot Q1 profit falls as cost growth outpaces revenue

Home Depot Price Performance

HD stock opened at $313.73 on Friday. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.26 and a current ratio of 1.04. The company’s fifty day moving average price is $327.69 and its 200-day moving average price is $352.09. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The company has a market capitalization of $312.48 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) 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 company had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. During the same period in the previous year, the firm posted $3.56 EPS. Home Depot’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. On average, equities analysts anticipate that The Home Depot, Inc. will post 14.99 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid a dividend of $2.33 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a yield of 3.0%. Home Depot’s dividend payout ratio is presently 65.50%.

Insider Buying and Selling

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the firm’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 completion of the transaction, the chief financial officer owned 44,566 shares in the company, valued at $16,439,951.74. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.08% of the company’s stock.

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.