Signet Private Wealth LLC Buys New Stake in The Home Depot, Inc. $HD

Signet Private Wealth LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,739 shares of the home improvement retailer’s stock, valued at approximately $943,000. Home Depot comprises approximately 0.9% of Signet Private Wealth LLC’s portfolio, making the stock its 22nd largest holding.

Several other large investors also recently bought and sold shares of the stock. Parvin Asset Management LLC increased its position in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares in the last quarter. Financially Speaking Inc acquired a new stake in shares of Home Depot in the 3rd quarter valued at about $31,000. Key Capital Management INC acquired a new stake in shares of Home Depot in the 4th quarter valued at about $28,000. Imprint Wealth LLC purchased a new position in Home Depot during the 3rd quarter worth approximately $34,000. Finally, Navalign LLC purchased a new position in Home Depot during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Key Headlines Impacting Home Depot

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

• Positive Sentiment: Analysts and commentators are highlighting Home Depot as a high-quality long-term compounder with a strong competitive moat, which can support buying interest on weakness. Home Depot’s Expansion Play: Building Scale or Growth Story?
• Positive Sentiment: Coverage is focused on Home Depot’s Pro expansion strategy, including recent acquisitions such as Mingledorff’s, SRS, and GMS, which could deepen its contractor/logistics platform and expand cross-selling opportunities. Home Depot’s Expansion Play: Building Scale or Growth Story?
• Positive Sentiment: Jim Cramer said Home Depot looks like “a good level,” which may encourage dip-buying from retail investors and traders. Jim Cramer on Home Depot: “I Think That This Is a Good Level”
• Positive Sentiment: Home Depot continues to draw “buy” and “outperform” calls from Wall Street, reinforcing confidence in the stock’s longer-term earnings power. Home Depot shares jump 3.2% as investors weigh recent legal win, Pro-expansion updates, and a broader risk-on tape
• Positive Sentiment: Recent reporting also points to a legal win that may reduce liability risk, while broader market rotation into non-tech names is benefiting retailers like Home Depot. Home Depot shares jump 3.2% as investors weigh recent legal win, Pro-expansion updates, and a broader risk-on tape
• Neutral Sentiment: Several articles are more promotional or commentary-driven than fundamentally new, so they may be adding to investor optimism without changing the core business outlook. My Favorite S&P 500 Stock to Buy During the Dip
• Negative Sentiment: Some recent coverage notes that cyclical economic pressures have hurt Home Depot’s results, which remains a headwind for the stock even amid positive long-term commentary. My Favorite S&P 500 Stock to Buy During the Dip

Analysts Set New Price Targets

HD has been the subject of a number of research reports. Telsey Advisory Group reduced their price objective on Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Daiwa Securities Group lifted their target price on shares of Home Depot from $360.00 to $390.00 and gave the company a “neutral” rating in a report on Thursday, February 26th. Guggenheim reiterated a “buy” rating and issued a $425.00 price target on shares of Home Depot in a research report on Wednesday, May 20th. Morgan Stanley decreased their price target on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Finally, Mizuho lowered their price objective on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Nineteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $371.36.

Home Depot Price Performance

Home Depot stock opened at $319.80 on Thursday. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The business has a 50 day simple moving average of $322.51 and a 200-day simple moving average of $347.29. 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 $318.88 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 3.71 and a beta of 0.97.

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

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, June 4th. Home Depot’s dividend payout ratio is currently 66.19%.

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.