The Home Depot, Inc. $HD Shares Sold by Private Wealth Partners LLC

Private Wealth Partners LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 10.3% during the fourth quarter, Holdings Channel reports. The fund owned 37,386 shares of the home improvement retailer’s stock after selling 4,291 shares during the quarter. Home Depot comprises 0.9% of Private Wealth Partners LLC’s portfolio, making the stock its 29th biggest holding. Private Wealth Partners LLC’s holdings in Home Depot were worth $12,865,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Legacy Advisors LLC boosted its stake in Home Depot by 11.0% in the 4th quarter. Legacy Advisors LLC now owns 3,855 shares of the home improvement retailer’s stock worth $1,327,000 after buying an additional 383 shares during the last quarter. Purus Wealth Management LLC raised its holdings in shares of Home Depot by 3.4% during the 4th quarter. Purus Wealth Management LLC now owns 2,373 shares of the home improvement retailer’s stock valued at $817,000 after buying an additional 79 shares during the period. Richards Merrill & Peterson Inc. raised its holdings in shares of Home Depot by 10.2% during the 4th quarter. Richards Merrill & Peterson Inc. now owns 9,700 shares of the home improvement retailer’s stock valued at $3,338,000 after buying an additional 900 shares during the period. Measured Risk Portfolios Inc. raised its holdings in shares of Home Depot by 22.5% during the 4th quarter. Measured Risk Portfolios Inc. now owns 839 shares of the home improvement retailer’s stock valued at $289,000 after buying an additional 154 shares during the period. Finally, Darrow Company Inc. purchased a new stake in Home Depot during the 4th quarter worth approximately $209,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Up 0.4%

Shares of Home Depot stock opened at $350.92 on Tuesday. The business’s fifty day moving average price is $351.74 and its two-hundred day moving average price is $361.85. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.06 and a quick ratio of 0.26. The company has a market capitalization of $349.53 billion, a P/E ratio of 24.66, a PEG ratio of 3.82 and a beta of 1.09. The Home Depot, Inc. has a 1-year low of $315.31 and a 1-year high of $426.75.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.20. The firm had revenue of $38.20 billion for the quarter, compared to the consensus estimate of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. As a group, research analysts forecast that The Home Depot, Inc. will post 15.03 EPS for the current year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were given a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date of this dividend was Thursday, March 12th. Home Depot’s payout ratio is presently 65.50%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on HD shares. Royal Bank Of Canada lifted their target price on Home Depot from $363.00 to $377.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 25th. Piper Sandler decreased their target price on Home Depot from $441.00 to $422.00 and set an “overweight” rating for the company in a research report on Monday, February 23rd. Daiwa Securities Group boosted their price objective on Home Depot from $360.00 to $390.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. Wall Street Zen upgraded Home Depot from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, Robert W. Baird boosted their price objective on Home Depot from $400.00 to $430.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $414.17.

Insider Activity

In other news, CFO Richard V. Mcphail sold 2,550 shares of the business’s stock in a transaction 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 directly owned 44,566 shares of the company’s stock, valued at $16,439,951.74. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is owned by company insiders.

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.