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

Core Wealth Partners LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 53.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of HD. Vanguard Group Inc. raised its stake in Home Depot by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock valued at $34,284,672,000 after purchasing an additional 1,325,748 shares in the last quarter. State Street Corp lifted its position in Home Depot by 1.8% during the fourth quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer’s stock valued at $16,147,010,000 after purchasing an additional 825,164 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Home Depot by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock worth $8,151,344,000 after buying an additional 343,153 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Home Depot by 5.6% in the 4th quarter. Bank of America Corp DE now owns 16,063,532 shares of the home improvement retailer’s stock worth $5,527,461,000 after buying an additional 851,029 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Home Depot by 7.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,471,132 shares of the home improvement retailer’s stock worth $5,323,620,000 after buying an additional 1,113,114 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HD has been the topic of a number of research reports. Weiss Ratings upgraded shares of Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 9th. 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. Stifel Nicolaus dropped their price target on Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a research report on Monday, May 18th. UBS Group decreased their price objective on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Finally, Argus lowered their price objective on Home Depot from $425.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Nineteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $371.71.

Home Depot Price Performance

HD stock opened at $327.69 on Thursday. The stock has a market cap of $326.74 billion, a PE ratio of 23.27, a P/E/G ratio of 3.89 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. The company has a 50-day moving average price of $322.94 and a 200 day moving average price of $346.63. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. The company 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%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research 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 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 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, June 4th. Home Depot’s dividend payout ratio is presently 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.