PNC Financial Services Group Inc. trimmed its position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 1.8% during the 4th quarter, Holdings Channel reports. The fund owned 3,156,888 shares of the home improvement retailer’s stock after selling 59,091 shares during the period. Home Depot makes up approximately 0.6% of PNC Financial Services Group Inc.’s investment portfolio, making the stock its 26th biggest position. PNC Financial Services Group Inc.’s holdings in Home Depot were worth $1,086,285,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the business. Wellington Management Group LLP raised its position 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. lifted its position in shares of Home Depot by 1.3% during 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 purchasing an additional 1,325,748 shares during the last quarter. Franklin Resources Inc. lifted its holdings in 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. boosted its holdings in shares of Home Depot by 215.4% in the fourth 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 purchasing an additional 852,719 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of Home Depot in the 3rd quarter worth $284,893,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.
Trending Headlines about Home Depot
Here are the key news stories impacting Home Depot this week:
- Positive Sentiment: Home Depot beat Wall Street’s estimates on both earnings and revenue, reporting EPS of $3.43 on sales of $41.77 billion, helped by steady demand from professional customers and smaller DIY projects. Home Depot beats quarterly sales estimates on steady demand
- Positive Sentiment: The company reaffirmed its fiscal 2026 guidance, which reassured investors worried about a slowdown in home-improvement spending. Home Depot’s stock rises as the full-year outlook was kept intact, a relief for worried investors
- Neutral Sentiment: Comparable sales rose 0.6% overall and 0.4% in the U.S., showing modest growth but also confirming that demand is improving only gradually. The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance
- Neutral Sentiment: Management said consumers are still feeling pressure from higher gas prices and affordability concerns, and the company noted that stronger second-half growth may depend more on normal storm activity than on a broad consumer recovery. Home Depot CFO: ‘No question’ consumers feel the effects of high gas prices, affordability pressures
- Negative Sentiment: Several analysts trimmed price targets after the report, reflecting caution about slower housing-related spending and limited near-term growth. Home Depot price target updates
Insiders Place Their Bets
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the stock. UBS Group reaffirmed an “outperform” rating on shares of Home Depot in a research report on Tuesday, March 24th. Daiwa Securities Group lifted their price objective on shares of Home Depot from $360.00 to $390.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Morgan Stanley upped their price target on Home Depot from $412.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Jefferies Financial Group decreased their price objective on shares of Home Depot from $454.00 to $361.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Citigroup lowered their target price on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Twenty equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $392.45.
Home Depot Trading Up 0.8%
Home Depot stock opened at $302.23 on Wednesday. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. The stock has a 50-day moving average price of $329.41 and a 200 day moving average price of $353.04. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62. The company has a market capitalization of $301.03 billion, a price-to-earnings ratio of 21.24, a price-to-earnings-growth ratio of 3.46 and a beta of 1.00.
Home Depot (NYSE:HD – Get Free Report) last released its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. The firm had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.02 EPS for the current year.
Home Depot Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were paid a $2.33 dividend. The ex-dividend date was Thursday, March 12th. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.1%. Home Depot’s dividend payout ratio (DPR) is currently 65.50%.
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.
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