Sandro Wealth Management LLC Invests $1.79 Million in The Home Depot, Inc. $HD

Sandro Wealth Management LLC purchased a new position in The Home Depot, Inc. (NYSE:HD) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 5,201 shares of the home improvement retailer’s stock, valued at approximately $1,790,000. Home Depot accounts for about 1.5% of Sandro Wealth Management LLC’s portfolio, making the stock its 23rd largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in HD. Parvin Asset Management LLC boosted its position 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 worth $26,000 after purchasing an additional 33 shares during the last quarter. Key Capital Management INC bought a new position in shares of Home Depot in the 4th quarter worth $28,000. Financially Speaking Inc bought a new position in shares of Home Depot in the 3rd quarter worth $31,000. Imprint Wealth LLC bought a new position in shares of Home Depot in the 3rd quarter worth $34,000. Finally, Disciplined Equity Management Inc. bought a new position in shares of Home Depot in the 4th quarter worth $34,000. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on HD. Royal Bank Of Canada lifted their target price on Home Depot from $363.00 to $377.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 25th. Gordon Haskett lifted their target price on Home Depot from $330.00 to $370.00 and gave the stock a “hold” rating in a report on Wednesday, February 11th. TD Cowen reiterated a “buy” rating on shares of Home Depot in a report on Thursday, March 12th. Piper Sandler reduced their target price on Home Depot from $441.00 to $422.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Finally, DA Davidson lifted their target price on Home Depot from $407.00 to $445.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Twenty investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $414.17.

Insider Activity at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of the business’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 sale, the chief financial officer directly owned 44,566 shares in the company, valued at $16,439,951.74. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.08% of the stock is currently owned by company insiders.

Home Depot Stock Performance

HD stock opened at $324.22 on Friday. The business’s 50-day moving average price is $343.27 and its two-hundred day moving average price is $359.36. 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 firm has a market cap of $322.93 billion, a PE ratio of 22.78, a P/E/G ratio of 3.59 and a beta of 1.09. The Home Depot, Inc. has a 1-year low of $315.31 and a 1-year high of $426.75.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.20. The company 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 quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. As a group, research 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 declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were issued a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.9%. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date was Thursday, March 12th. Home Depot’s dividend payout ratio is presently 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.