Core Wealth Partners LLC Sells 2,363 Shares of The Home Depot, Inc. $HD

Core Wealth Partners LLC lessened its stake in The Home Depot, Inc. (NYSE:HD) by 53.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,053 shares of the home improvement retailer’s stock after selling 2,363 shares during the period. Core Wealth Partners LLC’s holdings in Home Depot were worth $707,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HD. Advocate Investing Services LLC bought a new position in Home Depot in the 4th quarter worth about $25,000. Parvin Asset Management LLC raised its stake 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 valued at $26,000 after acquiring an additional 33 shares in the last quarter. Key Capital Management INC purchased a new stake in shares of Home Depot in the fourth quarter valued at approximately $28,000. Abound Financial LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at approximately $29,000. Finally, Navalign LLC bought a new position in Home Depot in the fourth quarter worth approximately $31,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on HD. HSBC reduced their price objective on Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a report on Wednesday, May 20th. Piper Sandler cut their price target on Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Weiss Ratings upgraded Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 9th. Daiwa Securities Group upped their price objective on shares of Home Depot from $360.00 to $390.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Finally, Mizuho cut their target price 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 research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Trading Down 2.8%

HD opened at $327.69 on Thursday. The firm has a market cap of $326.74 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 3.89 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 Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The stock has a fifty day moving average price of $322.94 and a 200-day moving average price of $346.63.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating 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 the consensus estimate of $41.59 billion. During the same quarter last year, the company earned $3.56 earnings per share. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be issued a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is currently 66.19%.

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.