Tower View Wealth Management LLC Lowers Position in The Home Depot, Inc. $HD

Key Points

• Tower View Wealth Management cut its stake in The Home Depot by 44.7% in Q4, selling 7,288 shares and now holding 9,024 shares worth $3.105 million (about 1.5% of its portfolio).
• Home Depot beat quarterly EPS ($2.72 vs. $2.52) and slightly topped revenue estimates ($38.20B) despite revenue falling 3.8% year‑over‑year; management set FY2026 EPS guidance of 14.230–14.799 while analysts forecast about 15.13 EPS and a consensus price target near $414.17.
• Dividend and insider activity: the company raised its quarterly dividend to $2.33 (annualized $9.32, ~2.7% yield), and CFO Richard McPhail sold 2,550 shares, trimming his stake by roughly 5.4%.

Tower View Wealth Management LLC cut its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 44.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,024 shares of the home improvement retailer's stock after selling 7,288 shares during the quarter. Home Depot comprises approximately 1.5% of Tower View Wealth Management LLC's investment portfolio, making the stock its 24th biggest position. Tower View Wealth Management LLC's holdings in Home Depot were worth $3,105,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of HD. Silphium Asset Management Ltd raised its position in Home Depot by 77.2% in the 3rd quarter. Silphium Asset Management Ltd now owns 13,544 shares of the home improvement retailer's stock valued at $5,488,000 after purchasing an additional 5,900 shares in the last quarter. Truist Financial Corp raised its position in Home Depot by 0.3% in the 3rd quarter. Truist Financial Corp now owns 1,095,113 shares of the home improvement retailer's stock valued at $443,729,000 after purchasing an additional 3,608 shares in the last quarter. Asset Management One Co. Ltd. raised its position in Home Depot by 2.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 534,564 shares of the home improvement retailer's stock valued at $216,600,000 after purchasing an additional 12,239 shares in the last quarter. Atlantic Union Bankshares Corp raised its position in Home Depot by 59.9% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 107,438 shares of the home improvement retailer's stock valued at $43,533,000 after purchasing an additional 40,232 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Home Depot in the 3rd quarter valued at about $1,888,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Price Performance

Shares of NYSE HD opened at $340.91 on Tuesday. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.26 and a current ratio of 1.06. The Home Depot, Inc. has a fifty-two week low of $315.31 and a fifty-two week high of $426.75. The firm has a market capitalization of $339.55 billion, a PE ratio of 23.96, a price-to-earnings-growth ratio of 3.69 and a beta of 1.09. The stock's 50-day simple moving average is $355.68 and its 200-day simple moving average is $363.93.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, topping 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 analyst estimates of $38.01 billion. During the same quarter last year, the company earned $3.13 EPS. The business's quarterly 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, equities research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The firm 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 is a boost from Home Depot's previous quarterly dividend of $2.30. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $9.32 annualized dividend and a dividend yield of 2.7%. Home Depot's dividend payout ratio is 65.50%.

Insider Buying and Selling at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of the firm's stock in a transaction dated 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 owned 44,566 shares of the company's stock, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. 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. Zacks Research raised Home Depot from a "strong sell" rating to a "hold" rating in a research report on Monday, February 9th. BNP Paribas Exane reduced their price target on Home Depot from $391.00 to $348.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 24th. Gordon Haskett increased their price target on Home Depot from $330.00 to $370.00 and gave the company a "hold" rating in a research report on Wednesday, February 11th. Finally, Jefferies Financial Group increased their price target on Home Depot from $424.00 to $454.00 and gave the company a "buy" rating in a research report on Tuesday, February 24th. Twenty analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, 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.

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