8,194 Shares in The Home Depot, Inc. $HD Purchased by Third View Private Wealth LLC

Key Points

• Third View Private Wealth LLC initiated a new position in The Home Depot by purchasing 8,194 shares worth about $2.82 million in Q4, while institutional investors collectively own roughly 70.86% of the stock with large positions from Vanguard and big additions by Wellington Management.
• Wall Street sentiment is a Moderate Buy with 20 analysts rating HD a Buy, 12 Hold and an average price target of $414.17.
• Home Depot beat quarterly EPS estimates ($2.72 vs. $2.52) and revenue slightly topped expectations despite a 3.8% YoY decline, and the company raised its quarterly dividend to $2.33 (annualized yield ~2.7%).

Third View Private Wealth LLC acquired a new position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 8,194 shares of the home improvement retailer's stock, valued at approximately $2,820,000.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Home Depot by 0.3% during the third quarter. Vanguard Group Inc. now owns 98,310,031 shares of the home improvement retailer's stock valued at $39,834,241,000 after purchasing an additional 331,217 shares during the last quarter. Capital Research Global Investors boosted its position in Home Depot by 0.3% during the third quarter. Capital Research Global Investors now owns 11,400,133 shares of the home improvement retailer's stock valued at $4,619,229,000 after purchasing an additional 30,739 shares during the last quarter. Wellington Management Group LLP boosted its position in Home Depot by 60.8% during the third quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer's stock valued at $4,109,878,000 after purchasing an additional 3,836,051 shares during the last quarter. Fisher Asset Management LLC boosted its position in Home Depot by 2.0% during the third quarter. Fisher Asset Management LLC now owns 10,130,293 shares of the home improvement retailer's stock valued at $4,104,694,000 after purchasing an additional 197,211 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in Home Depot by 1.9% during the third quarter. Legal & General Group Plc now owns 6,181,165 shares of the home improvement retailer's stock valued at $2,504,546,000 after purchasing an additional 116,875 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HD shares. KeyCorp reissued a "sector weight" rating on shares of Home Depot in a research report on Wednesday, February 25th. Citigroup increased their price target on Home Depot from $407.00 to $450.00 and gave the company a "buy" rating in a research report on Thursday, February 12th. The Goldman Sachs Group reduced their price target on Home Depot from $413.00 to $409.00 in a research report on Wednesday, February 25th. Daiwa Securities Group increased their price target on Home Depot from $360.00 to $390.00 and gave the company a "neutral" rating in a research report on Thursday, February 26th. Finally, Guggenheim increased their price target on Home Depot from $400.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, February 25th. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $414.17.

Home Depot Stock Performance

HD opened at $340.91 on Tuesday. The Home Depot, Inc. has a 12-month low of $315.31 and a 12-month high of $426.75. The stock has a market cap of $339.55 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 3.69 and a beta of 1.09. The business has a 50 day moving average of $355.68 and a 200-day moving average of $363.93. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.52 by $0.20. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The company had revenue of $38.20 billion during the quarter, compared to analysts' expectations of $38.01 billion. During the same period last year, the firm posted $3.13 earnings per share. The business'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. On average, equities research analysts expect that The Home Depot, Inc. will post 15.13 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 issued a $2.33 dividend. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $9.32 annualized dividend and a yield of 2.7%. This is an increase from Home Depot's previous quarterly dividend of $2.30. Home Depot's payout ratio is currently 65.50%.

Insiders Place Their Bets

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the stock in a transaction dated Wednesday, March 4th. The shares were 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 of the company's stock, valued at $16,439,951.74. This represents a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Home Depot 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.

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