Stonebridge Financial Group LLC MO Invests $820,000 in The Home Depot, Inc. $HD

Stonebridge Financial Group LLC MO acquired a new stake in The Home Depot, Inc. (NYSE:HD) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,384 shares of the home improvement retailer’s stock, valued at approximately $820,000.

A number of other institutional investors have also made changes to their positions in HD. Parvin Asset Management LLC raised its stake in shares of Home Depot by 110.0% in the 3rd 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 bought a new position in shares of Home Depot in the 4th quarter valued at approximately $28,000. Financially Speaking Inc bought a new position in shares of Home Depot in the 3rd quarter valued at approximately $31,000. Disciplined Equity Management Inc. bought a new position in shares of Home Depot in the 4th quarter valued at approximately $34,000. Finally, Family CFO Inc bought a new position in shares of Home Depot in the 4th quarter valued at approximately $34,000. 70.86% of the stock is owned by institutional investors.

Insider Buying and Selling at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the topic of a number of recent analyst reports. KeyCorp reissued a “sector weight” rating on shares of Home Depot in a research note on Wednesday, February 25th. Daiwa Securities Group raised their price objective on Home Depot from $360.00 to $390.00 and gave the company a “neutral” rating in a research note on Thursday, February 26th. Royal Bank Of Canada raised their price objective on Home Depot from $363.00 to $377.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 25th. Evercore lowered their target price on Home Depot from $425.00 to $415.00 and set an “outperform” rating on the stock in a report on Tuesday, March 31st. Finally, Guggenheim raised their target price on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $409.14.

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 Performance

HD opened at $310.61 on Wednesday. The firm has a market capitalization of $309.38 billion, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The stock’s 50 day moving average price is $335.81 and its two-hundred day moving average price is $355.95. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62. The Home Depot, Inc. has a 12-month low of $309.11 and a 12-month high of $426.75.

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 analysts’ consensus estimates of $2.52 by $0.20. The firm had revenue of $38.20 billion for the quarter, compared to analyst estimates of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The company’s revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, equities analysts forecast that The Home Depot, Inc. will post 15.03 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 dividend of $2.33 per share. This represents a $9.32 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, March 12th. This is a boost from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s payout ratio is 65.50%.

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.