Signet Private Wealth LLC Makes New $943,000 Investment in The Home Depot, Inc. $HD

Signet Private Wealth LLC bought a new stake in The Home Depot, Inc. (NYSE:HD) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 2,739 shares of the home improvement retailer’s stock, valued at approximately $943,000. Home Depot comprises 0.9% of Signet Private Wealth LLC’s holdings, making the stock its 22nd biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new position in Home Depot during the fourth quarter worth about $4,850,329,000. Wellington Management Group LLP boosted its stake in shares of Home Depot by 60.8% during the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock worth $4,109,878,000 after acquiring an additional 3,836,051 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Home Depot by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock worth $34,284,672,000 after acquiring an additional 1,325,748 shares during the period. Franklin Resources Inc. increased its stake in Home Depot by 37.6% in the 3rd quarter. Franklin Resources Inc. now owns 3,806,308 shares of the home improvement retailer’s stock valued at $1,542,278,000 after purchasing an additional 1,040,577 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Home Depot by 215.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,248,615 shares of the home improvement retailer’s stock worth $429,648,000 after purchasing an additional 852,719 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Key Stories 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

Home Depot Stock Performance

Shares of NYSE HD opened at $319.80 on Thursday. The company has a 50-day simple moving average of $322.51 and a 200-day simple moving average of $347.29. 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 company has a market cap 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. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. The firm had revenue of $41.77 billion for the quarter, compared to analyst estimates 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 quarter last year, the business earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. BNP Paribas Exane dropped their price target on Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. KeyCorp restated a “sector weight” rating on shares of Home Depot in a report on Wednesday, February 25th. Weiss Ratings upgraded shares of Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Wells Fargo & Company lowered their price target on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Finally, Argus cut their price objective on Home Depot from $425.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Nineteen investment 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.36.

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.