Palmer Knight Co Increases Stock Holdings in The Home Depot, Inc. $HD

Key Points

• Palmer Knight Co increased its stake in The Home Depot by 16.2% in Q4 to 24,548 shares (worth about $8.45M), making HD its third-largest holding at 4.4% of the fund.
• Home Depot beat Q4 EPS estimates ($2.72 vs. $2.52) and topped revenue expectations despite revenue falling 3.8% year‑over‑year, and it raised the quarterly dividend to $2.33 (annualized $9.32) for a ~3.0% yield.
• Analysts' consensus is a Moderate Buy with an average price target of $412.24; institutional ownership is roughly 70.9%, while the CFO recently sold 2,550 shares.

Palmer Knight Co lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 16.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,548 shares of the home improvement retailer's stock after buying an additional 3,420 shares during the period. Home Depot makes up 4.4% of Palmer Knight Co's portfolio, making the stock its 3rd biggest position. Palmer Knight Co's holdings in Home Depot were worth $8,447,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of HD. Silphium Asset Management Ltd lifted its stake in shares of Home Depot by 77.2% in the 3rd quarter. Silphium Asset Management Ltd now owns 13,544 shares of the home improvement retailer's stock worth $5,488,000 after purchasing an additional 5,900 shares during the period. Truist Financial Corp grew its position in Home Depot by 0.3% during the third quarter. Truist Financial Corp now owns 1,095,113 shares of the home improvement retailer's stock valued at $443,729,000 after buying an additional 3,608 shares during the period. Atlantic Union Bankshares Corp grew its position in Home Depot by 59.9% during the third quarter. Atlantic Union Bankshares Corp now owns 107,438 shares of the home improvement retailer's stock valued at $43,533,000 after buying an additional 40,232 shares during the period. Asset Management One Co. Ltd. increased its holdings in Home Depot by 2.3% during the third quarter. Asset Management One Co. Ltd. now owns 534,564 shares of the home improvement retailer's stock valued at $216,600,000 after buying an additional 12,239 shares during the last quarter. Finally, Savvy Advisors Inc. raised its position in Home Depot by 36.0% in the fourth quarter. Savvy Advisors Inc. now owns 19,478 shares of the home improvement retailer's stock worth $6,703,000 after acquiring an additional 5,152 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HD shares. KeyCorp reiterated a "sector weight" rating on shares of Home Depot in a research note on Wednesday, February 25th. Royal Bank Of Canada raised their target price on Home Depot from $363.00 to $377.00 and gave the stock a "sector perform" rating in a report on Wednesday, February 25th. Sanford C. Bernstein lifted their target price on Home Depot from $381.00 to $390.00 and gave the company a "market perform" rating in a research report on Wednesday, February 25th. Evercore cut their price target on Home Depot from $425.00 to $415.00 and set an "outperform" rating for the company in a report on Tuesday, March 31st. Finally, Guggenheim upped their price target on Home Depot from $400.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, February 25th. Twenty research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $412.24.

Home Depot Stock Up 0.9%

HD opened at $315.19 on Wednesday. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.26 and a current ratio of 1.06. The Home Depot, Inc. has a fifty-two week low of $310.40 and a fifty-two week high of $426.75. The firm's fifty day moving average is $341.93 and its 200 day moving average is $358.50. The stock has a market cap of $313.94 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 3.41 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.20. The company had revenue of $38.20 billion during the quarter, compared to the consensus estimate of $38.01 billion. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. Home Depot's quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.02 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were given a dividend of $2.33 per share. This is an increase from Home Depot's previous quarterly dividend of $2.30. This represents a $9.32 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Thursday, March 12th. Home Depot's dividend payout ratio (DPR) is 65.50%.

Insider Activity

In related news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following the sale, the chief financial officer owned 44,566 shares of the company's stock, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.08% of the company's stock.

Key Stories Impacting Home Depot

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Bank of America reinstated coverage with a Buy and named HD its top pick in home improvement, setting a $374 price target (roughly an 18–19% upside versus recent levels) — a clear catalyst for upside momentum. BofA Just Named Home Depot the Top Pick
• Positive Sentiment: J.P. Morgan and other analysts have reaffirmed bullish ratings, underscoring structural strengths (store traffic, PRO growth) that support a recovery narrative beyond near-term weather and housing headwinds. Home Depot Reaffirmed at Buy
• Neutral Sentiment: Home Depot will host its Q1 earnings call on May 19 — a near-term event that could re-shape sentiment depending on guidance and PRO segment trends. Earnings Conference Call Announcement
• Neutral Sentiment: Coverage pieces note long-term fundamentals remain intact despite short-term headwinds; these analyses help frame conviction for longer-horizon investors. Long-Term Prospects Analysis
• Negative Sentiment: Macro risk-off (oil/Geopolitics) and weak housing/remodel demand pushed HD toward multi-week/52-week lows in recent sessions, pressuring shares and creating short-term volatility. 52-Week Low Coverage
• Negative Sentiment: A shareholder proposal requests a report on risks from automated license-plate reader systems and third‑party data sharing (Flock Safety), raising reputational, regulatory and privacy concerns — the board urges a vote against it, but the issue could attract scrutiny. Shareholder Proposal on License Plate Data
• Negative Sentiment: Critical takes highlight a soft demand environment — commentary arguing remodeling/construction spending may stay weak in this economy could pressure near-term revenue/margin expectations. Bearish Demand Analysis
• Negative Sentiment: Reports of insider selling and institutional rebalancing are noted in data feeds; sustained selling or fund outflows would be a headwind if they continue. Quiver/Market Flow Note
• Negative Sentiment: Coverage flags potential labor/minimum-wage pressures that could raise costs if new rules or local measures advance. Minimum Wage Risk

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.

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