Tempo Wealth LLC Makes New $1.50 Million Investment in The Home Depot, Inc. $HD

Tempo Wealth LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,353 shares of the home improvement retailer’s stock, valued at approximately $1,498,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Thryve Wealth Management LLC acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $364,000. MidFirst Bank bought a new position in Home Depot during the fourth quarter worth $8,101,000. Alternative Investment Advisors LLC. boosted its stake in Home Depot by 18.8% during the fourth quarter. Alternative Investment Advisors LLC. now owns 657 shares of the home improvement retailer’s stock worth $227,000 after acquiring an additional 104 shares in the last quarter. SG Trading Solutions LLC acquired a new stake in Home Depot in the fourth quarter worth $2,186,000. Finally, Titan Investment Management LLC acquired a new stake in Home Depot in the fourth quarter worth $1,986,000. 70.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group cut their price objective on shares of Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Bank of America started coverage on Home Depot in a research report on Tuesday, May 5th. They issued a “buy” rating and a $374.00 target price for the company. Morgan Stanley dropped their price target on Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Evercore cut their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Finally, Wells Fargo & Company reduced their price objective on Home Depot from $375.00 to $360.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Trading Up 0.1%

NYSE HD opened at $334.72 on Friday. The firm has a market capitalization of $333.75 billion, a P/E ratio of 23.77, a PEG ratio of 3.86 and a beta of 0.97. The business has a fifty day simple moving average of $323.24 and a 200 day simple moving average of $346.39. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The firm had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. During the same period in the previous year, the firm 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 predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were given 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 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.