#5 - Home Depot (NYSE:HD)
The Home Depot (NYSE: HD) is another exceptional defensive stock that investors can own for future growth. It also illustrates another benefit to owning these reliable stocks. That is, you can employ a dollar cost averaging (DCA) strategy and buy shares regardless of what’s happening in the stock’s sector.
That’s important because the housing market is notoriously cyclical. And the period from 2020 through 2024 has made that crystal clear to investors. However, it’s also pointed out the many levers that home improvement companies like Home Depot can employ. That includes tapping both the DIY and the contractor channels.
When you own HD stock, you get a company with strong free cash flow that the company uses, in part, to fund a reliable dividend, which has increased for 15 consecutive years through 2024. In early 2025, the yield on HD stock was 2.31% and has a $9 payout per share.
About Home Depot
The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.
Read More - Current Price
- $414.53
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 23 Buy Ratings, 6 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $426.00 (2.8% Upside)