The Home Depot, Inc. $HD Shares Acquired by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC increased its holdings in The Home Depot, Inc. (NYSE:HD) by 20.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 39,025 shares of the home improvement retailer’s stock after buying an additional 6,624 shares during the period. Home Depot comprises approximately 0.9% of Cornerstone Wealth Group LLC’s holdings, making the stock its 26th biggest position. Cornerstone Wealth Group LLC’s holdings in Home Depot were worth $13,429,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Silphium Asset Management Ltd boosted its stake in Home Depot by 77.2% during the 3rd quarter. Silphium Asset Management Ltd now owns 13,544 shares of the home improvement retailer’s stock valued at $5,488,000 after purchasing an additional 5,900 shares during the period. Truist Financial Corp raised its position in shares of Home Depot by 0.3% during the 3rd quarter. Truist Financial Corp now owns 1,095,113 shares of the home improvement retailer’s stock worth $443,729,000 after buying an additional 3,608 shares in the last quarter. Atlantic Union Bankshares Corp raised its position in shares of Home Depot by 59.9% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 107,438 shares of the home improvement retailer’s stock worth $43,533,000 after buying an additional 40,232 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of Home Depot by 2.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 534,564 shares of the home improvement retailer’s stock worth $216,600,000 after buying an additional 12,239 shares in the last quarter. Finally, Savvy Advisors Inc. raised its position in shares of Home Depot by 36.0% during the 4th quarter. Savvy Advisors Inc. now owns 19,478 shares of the home improvement retailer’s stock worth $6,703,000 after buying an additional 5,152 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot News Roundup

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

• Positive Sentiment: Home Depot completed an acquisition of warehouse automation specialist Simpl Automation after successful DC pilots that improved pick speeds and reduced product touches — a direct push to accelerate same?day/next?day fulfilment, boost safety and cut distribution costs, supporting long?term margins and competitive fulfillment capability. Home Depot acquires warehouse tech firm to boost fulfillment strategy Home Depot acquires SIMPL to expand supply chain automation
• Neutral Sentiment: Feature look at Home Depot’s stock?split history and long track record of returning capital to shareholders — useful context for long?term investors but unlikely to move the stock immediately. Home Depot’s stock split history: What you need to know
• Neutral Sentiment: A human?interest profile on co?founder Arthur Blank (background on the company’s origins); interesting color for investors but not a driver of near?term price action. Billionaire Arthur Blank was fired from his first job
• Neutral Sentiment: Comparative analysis with Lowe’s highlights differing strategies around Pro customers and execution; informs relative valuation and competitive positioning but is analytical rather than an immediate catalyst. Home Depot vs. Lowe’s: One Has Crushed the Market for 5 Years Running
• Negative Sentiment: Market reaction: coverage notes HD stock is sliding while broader markets gain — short?term selling and investor rotation weigh on the share price despite positive operational moves. Home Depot (HD) Stock Sinks As Market Gains: Here’s Why
• Negative Sentiment: Analyst/commentary skepticism: coverage argues the stock is sliding even as the market recognizes supply?chain improvements, signaling that sentiment, valuation concerns or macro risks are dominating near?term trading. “The Exact Opposite is True”: Home Depot Stock (NYSE:HD) Slides Despite New Recognition of Supply Chain Value

Insider Buying and Selling

In related news, CFO Richard V. Mcphail sold 2,550 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total transaction of $940,669.50. Following the transaction, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on HD. TD Cowen restated a “buy” rating on shares of Home Depot in a research report on Thursday, March 12th. UBS Group restated an “outperform” rating on shares of Home Depot in a research report on Tuesday, March 24th. Guggenheim boosted their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, Citigroup boosted their price target on shares of Home Depot from $407.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Twenty analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $414.17.

Home Depot Stock Performance

Home Depot stock opened at $337.04 on Friday. The firm’s 50 day simple moving average is $353.06 and its 200-day simple moving average is $363.10. The company has a market cap of $335.70 billion, a P/E ratio of 23.68, a price-to-earnings-growth ratio of 3.70 and a beta of 1.09. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.06 and a quick ratio of 0.26. The Home Depot, Inc. has a fifty-two week low of $315.31 and a fifty-two week 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 for the quarter, topping the consensus estimate of $2.52 by $0.20. The business had revenue of $38.20 billion for the quarter, compared to the consensus estimate of $38.01 billion. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period last year, the firm posted $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were given a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. This is an increase from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date of this dividend was Thursday, March 12th. Home Depot’s payout ratio is 65.50%.

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.