Schaper Benz & Wise Investment Counsel Inc. WI Has $21.74 Million Holdings in The Home Depot, Inc. $HD

Schaper Benz & Wise Investment Counsel Inc. WI raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 3.4% in the second quarter, HoldingsChannel reports. The fund owned 61,635 shares of the home improvement retailer’s stock after acquiring an additional 2,054 shares during the period. Home Depot accounts for approximately 1.5% of Schaper Benz & Wise Investment Counsel Inc. WI’s investment portfolio, making the stock its 20th largest holding. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Home Depot were worth $21,737,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HD. Advocate Investing Services LLC bought a new position in Home Depot during the 4th quarter worth $25,000. Parvin Asset Management LLC boosted its position in shares of Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after acquiring an additional 33 shares during the period. Cache Advisors LLC acquired a new position in shares of Home Depot in the first quarter valued at about $27,000. Key Capital Management INC bought a new position in Home Depot during the fourth quarter worth about $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in Home Depot in the 1st quarter worth about $28,000. Institutional investors and hedge funds 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: Analysts expect second-quarter sales and earnings growth, supported by continued momentum among professional customers (“Pros”) and gains in digital sales. Wells Fargo also raised its price target to $400, suggesting potential upside if Home Depot delivers a solid report. Home Depot to Post Q2 Earnings Wells Fargo Raises Home Depot Price Target
• Positive Sentiment: Home Depot’s long record of dividend payments may provide support for income-focused investors, while the bankruptcy filing of a smaller hardware rival could modestly reinforce the company’s scale and competitive position. Home Depot Dividend Streak Hardware Rival Files Chapter 11
• Neutral Sentiment: The company’s finance chief Richard McPhail and another senior executive will help manage operations during Decker’s absence. The arrangement limits immediate disruption, but investors may seek more clarity on the duration of the leave and its effect on strategy. Home Depot Executives Step Up During CEO Leave
• Negative Sentiment: Oppenheimer and other analysts caution that second-quarter results may show little evidence of a recovery. High interest rates, weak housing activity, margin pressure and rising fuel costs are weighing on renovation demand and retailer expenses. Home Depot and Lowe’s Results Face Macro Pressures
• Negative Sentiment: Several previews argue that HD may already be priced for a recovery, increasing the risk of a negative reaction if sales, margins or management guidance disappoint. Bernstein has maintained a Hold rating. Home Depot Q2 Earnings Preview Bernstein Maintains Hold Rating

Home Depot Trading Down 1.0%

Shares of Home Depot stock opened at $338.21 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The company has a market capitalization of $337.23 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 4.08 and a beta of 0.95. The firm’s 50-day moving average price is $339.17 and its two-hundred day moving average price is $341.85.

Home Depot (NYSE:HD) last issued its 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 company had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. During the same period in the previous year, the company 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. On average, analysts forecast that The Home Depot, Inc. will post 15 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a $2.33 dividend. 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 (DPR) is 66.19%.

Wall Street Analyst Weigh In

HD has been the subject of a number of recent research reports. UBS Group cut their price objective on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Argus dropped their price target on shares of Home Depot from $425.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Mizuho cut their price target on Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Weiss Ratings raised Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 7th. Finally, Citigroup lowered their price objective on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $373.18.

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.