Parnassus Investments LLC Purchases 1,824,409 Shares of The Home Depot, Inc. $HD

Parnassus Investments LLC raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 712.3% in the fourth quarter, HoldingsChannel reports. The firm owned 2,080,538 shares of the home improvement retailer’s stock after buying an additional 1,824,409 shares during the quarter. Home Depot makes up 1.9% of Parnassus Investments LLC’s investment portfolio, making the stock its 22nd largest position. Parnassus Investments LLC’s holdings in Home Depot were worth $715,913,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Curio Wealth LLC raised its holdings in shares of Home Depot by 13.5% during the 4th quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer’s stock worth $76,000 after acquiring an additional 26 shares in the last quarter. Westfuller Advisors LLC grew its position in Home Depot by 2.1% in the fourth quarter. Westfuller Advisors LLC now owns 1,325 shares of the home improvement retailer’s stock worth $456,000 after acquiring an additional 27 shares in the last quarter. Darwin Wealth Management LLC grew its position in Home Depot by 0.5% in the fourth quarter. Darwin Wealth Management LLC now owns 4,949 shares of the home improvement retailer’s stock worth $1,703,000 after acquiring an additional 27 shares in the last quarter. Alesco Advisors LLC grew its position in Home Depot by 3.2% in the fourth quarter. Alesco Advisors LLC now owns 866 shares of the home improvement retailer’s stock worth $298,000 after acquiring an additional 27 shares in the last quarter. Finally, Canandaigua National Trust Co of Florida grew its position in Home Depot by 1.3% in the fourth quarter. Canandaigua National Trust Co of Florida now owns 2,178 shares of the home improvement retailer’s stock worth $749,000 after acquiring an additional 27 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

NYSE:HD opened at $326.71 on Friday. The stock’s fifty day moving average is $322.48 and its 200 day moving average is $347.18. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The firm has a market capitalization of $325.77 billion, a PE ratio of 23.20, a PEG ratio of 3.68 and a beta of 0.97. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share 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 analyst estimates of $41.59 billion. During the same quarter in the prior year, the firm posted $3.56 EPS. Home Depot’s quarterly 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be paid a $2.33 dividend. The ex-dividend date is Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a yield of 2.9%. Home Depot’s dividend payout ratio (DPR) is presently 66.19%.

Home Depot News Summary

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

• Positive Sentiment: Jim Cramer said Home Depot looks like a “good level” to own, which may reinforce confidence that the stock is attractive after recent weakness. Jim Cramer on Home Depot: “I Think That This Is a Good Level”
• Positive Sentiment: Additional commentary highlighted Home Depot’s “wide moat” and long-term compounding potential, supporting the view that the company remains a high-quality defensive retailer. 1 Cyclical Dow Juggernaut With an Unshakable Moat to Buy
• Neutral Sentiment: Erste Group Bank trimmed its FY2027 and FY2028 earnings estimates slightly, but the revisions were small and still leave expectations near Wall Street’s current full-year EPS outlook, so the impact on sentiment appears limited.
• Neutral Sentiment: Coverage on Home Depot’s expansion efforts, including recent pro-focused acquisitions, suggests management is continuing to build scale and logistics capabilities, but the articles frame this as a longer-term strategy rather than an immediate catalyst. Home Depot’s Expansion Play: Building Scale or Growth Story?

Wall Street Analyst Weigh In

Several research analysts recently commented on HD shares. Weiss Ratings upgraded Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Bank of America began coverage on Home Depot in a research report on Tuesday, May 5th. They issued a “buy” rating and a $374.00 price target for the company. Citigroup decreased their price target on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Robert W. Baird decreased their price target on Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Finally, Morgan Stanley decreased their price target on Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Nineteen equities 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 has a consensus rating of “Moderate Buy” and a consensus price target of $371.36.

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.