Midwest Trust Co Purchases 7,602 Shares of The Home Depot, Inc. $HD

Midwest Trust Co raised its position in shares of The Home Depot, Inc. (NYSE:HD) by 4.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 185,077 shares of the home improvement retailer’s stock after purchasing an additional 7,602 shares during the quarter. Midwest Trust Co’s holdings in Home Depot were worth $60,870,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Fifth Third Bancorp raised its holdings in shares of Home Depot by 59.1% during the 1st quarter. Fifth Third Bancorp now owns 1,457,243 shares of the home improvement retailer’s stock worth $479,273,000 after acquiring an additional 541,339 shares in the last quarter. Sovran Advisors LLC grew its holdings in shares of Home Depot by 3.3% in the first quarter. Sovran Advisors LLC now owns 4,511 shares of the home improvement retailer’s stock valued at $1,483,000 after purchasing an additional 144 shares in the last quarter. Sachetta LLC increased its position in Home Depot by 24.9% in the first quarter. Sachetta LLC now owns 939 shares of the home improvement retailer’s stock worth $309,000 after purchasing an additional 187 shares during the last quarter. WealthShield Partners LLC increased its position in Home Depot by 8.5% in the first quarter. WealthShield Partners LLC now owns 16,115 shares of the home improvement retailer’s stock worth $5,300,000 after purchasing an additional 1,261 shares during the last quarter. Finally, Darwin Wealth Management LLC raised its stake in Home Depot by 2.7% during the first quarter. Darwin Wealth Management LLC now owns 5,084 shares of the home improvement retailer’s stock valued at $1,672,000 after purchasing an additional 135 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 1.4%

Shares of Home Depot stock traded up $4.71 during trading on Friday, hitting $343.44. The stock had a trading volume of 2,747,430 shares, compared to its average volume of 4,667,555. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The firm’s fifty day simple moving average is $325.05 and its 200-day simple moving average is $345.46. The stock has a market cap of $342.45 billion, a PE ratio of 24.39, a PEG ratio of 3.96 and a beta of 0.95.

Home Depot (NYSE:HD) last issued 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 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 prior year, the firm posted $3.56 EPS. The firm’s 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. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were paid a dividend of $2.33 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. Home Depot’s dividend payout ratio is currently 66.19%.

Analyst Upgrades and Downgrades

HD has been the subject of a number of recent research reports. Oppenheimer dropped their price objective on shares of Home Depot from $405.00 to $310.00 and set a “market perform” rating for the company in a research note on Monday, May 18th. Jefferies Financial Group lowered their price target on shares of Home Depot from $361.00 to $360.00 and set a “buy” rating for the company in a report on Thursday, June 4th. Wolfe Research lowered Home Depot from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 23rd. UBS Group reduced their price objective on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Finally, Robert W. Baird decreased their price objective on Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $371.71.

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.