Spire Wealth Management Sells 6,727 Shares of The Home Depot, Inc. $HD

Spire Wealth Management cut its stake in The Home Depot, Inc. (NYSE:HD) by 23.3% during the fourth quarter, HoldingsChannel reports. The fund owned 22,116 shares of the home improvement retailer’s stock after selling 6,727 shares during the quarter. Spire Wealth Management’s holdings in Home Depot were worth $7,610,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in HD. Vanguard Group Inc. lifted 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 acquiring an additional 331,217 shares during the last quarter. State Street Corp boosted its stake in Home Depot by 0.7% in the second quarter. State Street Corp now owns 46,015,836 shares of the home improvement retailer’s stock valued at $16,871,246,000 after acquiring an additional 300,352 shares in the last quarter. Capital Research Global Investors grew its holdings in Home Depot by 0.3% in the third quarter. Capital Research Global Investors now owns 11,400,133 shares of the home improvement retailer’s stock worth $4,619,229,000 after purchasing an additional 30,739 shares during the last quarter. Wellington Management Group LLP grew its holdings in Home Depot by 60.8% in the third quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock worth $4,109,878,000 after purchasing an additional 3,836,051 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of 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 worth $4,104,694,000 after purchasing an additional 197,211 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Insider Activity

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 value of $940,669.50. Following the completion of the transaction, the chief financial officer directly owned 44,566 shares in the company, valued at $16,439,951.74. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by insiders.

More Home Depot News

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

• Positive Sentiment: Jefferies reiterates a bullish view after Home Depot’s acquisition of Mingledorff, saying the deal strengthens scale and financial stability — a catalyst supporting the rally. Jefferies Bullish on The Home Depot (HD) Following Mingledorff Acquisition Jefferies Bullish on The Home Depot (HD) Following Mingledorff Acquisition (MSN)
• Neutral Sentiment: Coverage piece on valuation notes a recent pullback in HD’s share price and highlights the company’s large revenue base — frames current moves as a partial de-risking/valuation reset rather than a structural problem. A Look At Home Depot (HD) Valuation After Recent Share Price Pullback
• Neutral Sentiment: Broader retail/tech coverage on how AI is changing shopping highlights opportunity and competitive pressure from platforms (Amazon, Walmart) that could alter online discovery — a longer-term thematic risk/opportunity for HD’s omnichannel strategy. AI Shopping Shift Puts Amazon, Walmart in Focus
• Neutral Sentiment: Commentary cautioning against “AI washing” suggests management messaging may overpromise on automation benefits — watch execution versus rhetoric. With AI Washing, C-Suite Lets Tech Take the Credit (and the Blame)
• Neutral Sentiment: General investor pieces flagging cash-generation concerns for some large stocks — contextually useful for dividend/ buyback investors but not an immediate company-specific headline. 3 Cash-Producing Stocks That Concern Us
• Neutral Sentiment: Routine market/quote pages and two small insider option-exercise notices (reported as $0) — no material insider selling or large insider buy disclosed in these filings. The Home Depot, Inc. (HD) Michael F Rowe Decides To Exercise Options At Home Depot Worth $0 Options Exercise Update At Home Depot: Teresa Wynn Roseborough Engages, Resulting In $0
• Negative Sentiment: Seeking Alpha downgrade argues HD faces macro headwinds (soft housing, weak consumer, margin pressure) and estimates a fair value well below the current price — a bearish catalyst that can keep near-term pressure on multiples. Stay Away From Home Depot Amid Macroeconomic Headwinds (Rating Downgrade)

Home Depot Trading Up 0.5%

NYSE:HD opened at $323.13 on Tuesday. The company has a market capitalization of $321.84 billion, a P/E ratio of 22.71, a PEG ratio of 3.51 and a beta of 1.09. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62. The Home Depot, Inc. has a 12 month low of $320.26 and a 12 month high of $426.75. The firm has a fifty day simple moving average of $365.50 and a 200-day simple moving average of $369.98.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.20. The firm had revenue of $38.20 billion for the quarter, compared to the consensus estimate of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The firm’s revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were issued a $2.33 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.30. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, March 12th. Home Depot’s dividend payout ratio is currently 65.50%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. UBS Group reiterated an “outperform” rating on shares of Home Depot in a report on Tuesday, March 24th. Royal Bank Of Canada boosted their target price on Home Depot from $363.00 to $377.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 25th. Wells Fargo & Company increased their price target on Home Depot from $395.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Daiwa Securities Group raised their price target on Home Depot from $360.00 to $390.00 and gave the stock a “neutral” rating in a report on Thursday, February 26th. Finally, Robert W. Baird boosted their price target on Home Depot from $400.00 to $430.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Twenty analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $414.52.

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.