First National Bank & Trust Co. of Newtown Sells 2,941 Shares of The Home Depot, Inc. $HD

First National Bank & Trust Co. of Newtown cut its position in The Home Depot, Inc. (NYSE:HD) by 12.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 20,723 shares of the home improvement retailer’s stock after selling 2,941 shares during the period. Home Depot makes up about 1.5% of First National Bank & Trust Co. of Newtown’s investment portfolio, making the stock its 13th largest holding. First National Bank & Trust Co. of Newtown’s holdings in Home Depot were worth $6,815,000 at the end of the most recent reporting period.

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

Home Depot Trading Up 0.7%

Shares of NYSE:HD opened at $338.48 on Friday. The stock’s 50-day simple moving average is $324.64 and its two-hundred day simple moving average is $345.47. The stock has a market capitalization of $337.50 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 3.88 and a beta of 0.95. 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.

Home Depot (NYSE:HD) last released its quarterly earnings results 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 net margin of 8.41% and a return on equity of 117.24%. The firm had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. During the same quarter in the prior year, the firm earned $3.56 EPS. The business’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. Analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s dividend payout ratio is currently 66.19%.

Analyst Ratings Changes

HD has been the topic of several research analyst reports. Piper Sandler lowered their target price on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Evercore reduced their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Wolfe Research cut shares of Home Depot from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 23rd. Morgan Stanley lowered their price objective on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Finally, Jefferies Financial Group dropped their target price on shares of Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.71.

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.