Composition Wealth LLC Buys 2,963 Shares of The Home Depot, Inc. $HD

Composition Wealth LLC grew its stake in The Home Depot, Inc. (NYSE:HD) by 5.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 53,138 shares of the home improvement retailer’s stock after acquiring an additional 2,963 shares during the period. Composition Wealth LLC’s holdings in Home Depot were worth $18,285,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Capital Investment Counsel LLC increased its stake in Home Depot by 2.7% during the 4th quarter. Capital Investment Counsel LLC now owns 16,750 shares of the home improvement retailer’s stock worth $5,764,000 after purchasing an additional 436 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Home Depot in the 4th quarter valued at approximately $172,424,000. Acorn Creek Capital LLC boosted its holdings in shares of Home Depot by 28.3% in the 4th quarter. Acorn Creek Capital LLC now owns 1,064 shares of the home improvement retailer’s stock valued at $366,000 after buying an additional 235 shares during the last quarter. CapWealth Advisors LLC boosted its holdings in shares of Home Depot by 5.8% in the 4th quarter. CapWealth Advisors LLC now owns 27,399 shares of the home improvement retailer’s stock valued at $9,428,000 after buying an additional 1,502 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC boosted its holdings in shares of Home Depot by 15.3% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 21,891 shares of the home improvement retailer’s stock valued at $7,533,000 after buying an additional 2,910 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Richard V. Mcphail sold 2,550 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total value of $940,669.50. Following the transaction, the chief financial officer directly owned 44,566 shares in the company, valued at $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 is available at this link. Company insiders own 0.08% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $324.22 on Friday. The business’s 50 day simple moving average is $343.27 and its 200 day simple moving average is $359.36. The Home Depot, Inc. has a one year low of $315.31 and a one year high of $426.75. The stock has a market capitalization of $322.93 billion, a PE ratio of 22.78, a PEG ratio of 3.59 and a beta of 1.09. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.06 and a quick ratio of 0.26.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, beating the consensus estimate of $2.52 by $0.20. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The business had revenue of $38.20 billion for the quarter, compared to analysts’ expectations of $38.01 billion. During the same period in the prior year, the business posted $3.13 earnings per share. The firm’s revenue was down 3.8% on a year-over-year basis. 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 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were paid a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 2.9%. This is an increase 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%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HD shares. Wall Street Zen raised shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. DA Davidson lifted their target price on Home Depot from $407.00 to $445.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Daiwa Securities Group boosted their price target on Home Depot from $360.00 to $390.00 and gave the company a “neutral” rating in a research note on Thursday, February 26th. Morgan Stanley lifted their target price on Home Depot from $412.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, TD Cowen reiterated a “buy” rating on shares of Home Depot in a research report on Thursday, March 12th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $414.17.

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.