Tower View Wealth Management LLC Has $2.37 Million Stake in The Home Depot, Inc. $HD

Tower View Wealth Management LLC trimmed its stake in The Home Depot, Inc. (NYSE:HD) by 20.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,204 shares of the home improvement retailer’s stock after selling 1,820 shares during the period. Tower View Wealth Management LLC’s holdings in Home Depot were worth $2,369,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. First American Bank raised its stake in shares of Home Depot by 1.2% in the first quarter. First American Bank now owns 57,204 shares of the home improvement retailer’s stock valued at $18,814,000 after acquiring an additional 659 shares during the last quarter. Longview Financial Advisors Inc. bought a new stake in Home Depot during the 1st quarter worth approximately $95,000. Kestra Private Wealth Services LLC increased its holdings in Home Depot by 0.6% during the 1st quarter. Kestra Private Wealth Services LLC now owns 117,118 shares of the home improvement retailer’s stock valued at $38,519,000 after purchasing an additional 647 shares in the last quarter. William B. Walkup & Associates Inc. increased its holdings in Home Depot by 1.5% during the 1st quarter. William B. Walkup & Associates Inc. now owns 19,820 shares of the home improvement retailer’s stock valued at $6,519,000 after purchasing an additional 285 shares in the last quarter. Finally, 25 LLC raised its position in Home Depot by 7.0% in the 1st quarter. 25 LLC now owns 1,347 shares of the home improvement retailer’s stock valued at $443,000 after purchasing an additional 88 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Up 1.0%

HD stock opened at $348.60 on Friday. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The stock has a market capitalization of $347.60 billion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 3.98 and a beta of 0.97. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The firm has a 50-day moving average price of $322.98 and a 200-day moving average price of $345.78.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The company had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. During the same period in the previous year, the firm earned $3.56 earnings per share. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were paid a dividend of $2.33 per share. The ex-dividend date was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a yield of 2.7%. Home Depot’s payout ratio is 66.19%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. The Goldman Sachs Group lowered their price target on Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Truist Financial reduced their target price on Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Telsey Advisory Group lowered their price objective on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Finally, Mizuho cut their target price on Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $371.71.

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.