Chesley Taft & Associates LLC Sells 4,082 Shares of The Home Depot, Inc. $HD

Key Points

• Chesley Taft & Associates reduced its Home Depot stake by 6.3%, selling 4,082 shares and retaining 60,835 shares valued at approximately $21.5 million. Institutional investors collectively own 70.86% of the company.
• Analyst sentiment remains favorable, with 18 Buy, 13 Hold and one Sell rating, producing a consensus “Moderate Buy” rating and an average price target of $371.71.
• Home Depot exceeded quarterly expectations with $3.43 in EPS and $41.77 billion in revenue, while maintaining a quarterly dividend of $2.33 per share, equivalent to a 2.6% annualized yield.

Chesley Taft & Associates LLC lessened its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 6.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,835 shares of the home improvement retailer's stock after selling 4,082 shares during the period. Chesley Taft & Associates LLC's holdings in Home Depot were worth $21,455,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Gator Capital Management LLC bought a new stake in Home Depot in the 4th quarter valued at about $3,693,000. King Luther Capital Management Corp boosted its position in Home Depot by 0.6% during the fourth quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer's stock worth $426,848,000 after purchasing an additional 7,180 shares during the period. Carnegie Investment Counsel increased its stake in shares of Home Depot by 24.8% in the fourth quarter. Carnegie Investment Counsel now owns 108,306 shares of the home improvement retailer's stock worth $37,268,000 after purchasing an additional 21,545 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its position in shares of Home Depot by 320.4% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer's stock valued at $3,886,000 after purchasing an additional 8,606 shares during the period. Finally, Capital International Inc. CA lifted its stake in shares of Home Depot by 4.3% during the 4th quarter. Capital International Inc. CA now owns 150,368 shares of the home improvement retailer's stock valued at $51,742,000 after buying an additional 6,187 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on HD. Piper Sandler cut their price objective on shares of Home Depot from $422.00 to $421.00 and set an "overweight" rating for the company in a report on Wednesday, May 20th. Weiss Ratings upgraded Home Depot from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, July 7th. Jefferies Financial Group cut their price target on Home Depot from $361.00 to $360.00 and set a "buy" rating for the company in a report on Thursday, June 4th. Gordon Haskett lifted their price target on Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. Finally, Oppenheimer decreased their price objective on Home Depot from $405.00 to $310.00 and set a "market perform" rating on the stock in a research note on Monday, May 18th. Eighteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $371.71.

Home Depot Stock Performance

NYSE HD opened at $355.41 on Friday. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year 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 stock has a market capitalization of $354.39 billion, a PE ratio of 25.24, a P/E/G ratio of 4.03 and a beta of 0.95. The company's 50 day simple moving average is $335.75 and its two-hundred day simple moving average is $343.09.

Home Depot (NYSE:HD - Get Free Report) last announced 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. The firm had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.6%. The ex-dividend date was Thursday, June 4th. Home Depot's payout ratio is presently 66.19%.

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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