Stonebridge Financial Group LLC MO Purchases New Shares in The Home Depot, Inc. $HD

Stonebridge Financial Group LLC MO purchased a new stake in The Home Depot, Inc. (NYSE:HD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,384 shares of the home improvement retailer’s stock, valued at approximately $820,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Silphium Asset Management Ltd boosted its position in shares of 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 during the period. Truist Financial Corp boosted its position in Home Depot by 0.3% during the 3rd quarter. Truist Financial Corp now owns 1,095,113 shares of the home improvement retailer’s stock worth $443,729,000 after acquiring an additional 3,608 shares during the period. Atlantic Union Bankshares Corp boosted its position in Home Depot by 59.9% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 107,438 shares of the home improvement retailer’s stock worth $43,533,000 after acquiring an additional 40,232 shares during the period. Carnegie Investment Counsel boosted its position in Home Depot by 24.8% during the 4th quarter. Carnegie Investment Counsel now owns 108,306 shares of the home improvement retailer’s stock worth $37,268,000 after acquiring an additional 21,545 shares during the period. Finally, Savvy Advisors Inc. boosted its position in Home Depot by 36.0% during the 4th quarter. Savvy Advisors Inc. now owns 19,478 shares of the home improvement retailer’s stock worth $6,703,000 after acquiring an additional 5,152 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

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 completion of the sale, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at $16,439,951.74. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is owned by company insiders.

Key Headlines Impacting Home Depot

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Home Depot’s subsidiary SRS Distribution completed its acquisition of HVAC distributor Mingledorff’s, expanding HD’s presence in the professional HVAC market and supporting its long-term pro business growth strategy. Article Title
• Positive Sentiment: Several pieces highlighted Home Depot as an income/dividend stock with defensive appeal, which can attract investors looking for steady cash returns. Article Title
• Neutral Sentiment: Marketing and content partnerships, including a World Cup-related campaign with Men in Blazers, may help brand visibility but are not likely to move the stock meaningfully on their own. Article Title
• Neutral Sentiment: A study on which sectors produce the most 100-bagger stocks is interesting for market watchers, but it does not appear to be a direct catalyst for HD shares. Article Title
• Negative Sentiment: Analysts are looking for a year-over-year earnings decline in Home Depot’s upcoming report, raising the risk of a disappointment if demand remains soft. Article Title
• Negative Sentiment: Broader commentary on consumer discretionary weakness argues that higher rates and persistent inflation are hurting big-ticket spending, a headwind for Home Depot’s core home-improvement business. Article Title

Home Depot Stock Down 0.3%

HD opened at $310.61 on Wednesday. The Home Depot, Inc. has a fifty-two week low of $309.11 and a fifty-two week high of $426.75. The business has a 50-day moving average of $335.81 and a 200-day moving average of $355.95. 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 $309.38 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, topping 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 the consensus estimate of $38.01 billion. During the same period last year, the business 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. Equities research analysts forecast that The Home Depot, Inc. will post 15.03 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were paid 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 dividend on an annualized basis and a dividend yield of 3.0%. Home Depot’s dividend payout ratio (DPR) is 65.50%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HD shares. Citigroup decreased their price objective on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Tuesday. Royal Bank Of Canada raised their price objective 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. Telsey Advisory Group restated an “outperform” rating and set a $435.00 price objective on shares of Home Depot in a research report on Wednesday, March 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Home Depot in a research report on Friday, March 27th. Finally, BNP Paribas Exane decreased their price objective on Home Depot from $391.00 to $348.00 and set a “neutral” rating for the company in a research report on Tuesday, March 24th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $409.14.

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.