Ticino Wealth Invests $977,000 in The Home Depot, Inc. $HD

Ticino Wealth acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,840 shares of the home improvement retailer’s stock, valued at approximately $977,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Breachway Investments LLC purchased a new position in shares of Home Depot in the fourth quarter valued at about $504,000. SageGuard Financial Group LLC purchased a new position in Home Depot during the fourth quarter worth $1,495,000. Legacy Advisors LLC boosted its stake in shares of Home Depot by 11.0% during the 4th quarter. Legacy Advisors LLC now owns 3,855 shares of the home improvement retailer’s stock worth $1,327,000 after purchasing an additional 383 shares during the period. Purus Wealth Management LLC grew its holdings in Home Depot by 3.4% during the 4th quarter. Purus Wealth Management LLC now owns 2,373 shares of the home improvement retailer’s stock valued at $817,000 after purchasing an additional 79 shares during the last quarter. Finally, Richards Merrill & Peterson Inc. grew its holdings in shares of Home Depot by 10.2% in the fourth quarter. Richards Merrill & Peterson Inc. now owns 9,700 shares of the home improvement retailer’s stock worth $3,338,000 after purchasing an additional 900 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group reduced their target price on shares of Home Depot from $413.00 to $409.00 in a research report on Wednesday, February 25th. Morgan Stanley lifted their target price on Home Depot from $412.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Piper Sandler lowered their price target on shares of Home Depot from $441.00 to $422.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Daiwa Securities Group lifted their price target on shares of Home Depot from $360.00 to $390.00 and gave the stock a “neutral” rating in a report on Thursday, February 26th. Finally, Truist Financial set a $424.00 price target on shares of Home Depot in a research note on Tuesday, February 24th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $414.17.

Insider Buying and Selling

In other news, CFO Richard V. Mcphail sold 2,550 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following the completion of the transaction, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at approximately $16,439,951.74. This represents a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.08% of the stock is owned by company insiders.

Home Depot Stock Performance

NYSE HD opened at $350.93 on Tuesday. The stock has a market capitalization of $349.53 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 3.82 and a beta of 1.09. The stock has a 50-day moving average of $351.74 and a 200 day moving average of $361.85. 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 Home Depot, Inc. has a twelve month low of $315.31 and a twelve month high of $426.75.

Home Depot (NYSE:HD) last issued 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 analysts’ expectations of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.03 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were paid a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, March 12th. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s payout ratio is presently 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.