Strategic Planning Group LLC Boosts Position in The Home Depot, Inc. $HD

Strategic Planning Group LLC raised its stake in The Home Depot, Inc. (NYSE:HD) by 13.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,357 shares of the home improvement retailer’s stock after purchasing an additional 1,720 shares during the period. Strategic Planning Group LLC’s holdings in Home Depot were worth $4,940,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HD. Stegent Equity Advisors Inc. lifted its position in Home Depot by 2.7% in the third quarter. Stegent Equity Advisors Inc. now owns 1,006 shares of the home improvement retailer’s stock valued at $408,000 after acquiring an additional 26 shares during the last quarter. Arcus Capital Partners LLC increased its position in shares of Home Depot by 1.1% during the third quarter. Arcus Capital Partners LLC now owns 2,445 shares of the home improvement retailer’s stock worth $991,000 after purchasing an additional 27 shares in the last quarter. Westfuller Advisors LLC increased its position in shares of Home Depot by 2.1% during the fourth quarter. Westfuller Advisors LLC now owns 1,325 shares of the home improvement retailer’s stock worth $456,000 after purchasing an additional 27 shares in the last quarter. Darwin Wealth Management LLC lifted its holdings in shares of Home Depot by 0.5% in the 4th quarter. Darwin Wealth Management LLC now owns 4,949 shares of the home improvement retailer’s stock valued at $1,703,000 after purchasing an additional 27 shares during the last quarter. Finally, Alesco Advisors LLC lifted its holdings in shares of Home Depot by 3.2% in the 4th quarter. Alesco Advisors LLC now owns 866 shares of the home improvement retailer’s stock valued at $298,000 after purchasing an additional 27 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HD shares. Piper Sandler dropped their price target on Home Depot from $441.00 to $422.00 and set an “overweight” rating on the stock in a research note on Monday, February 23rd. Wells Fargo & Company boosted their price objective on Home Depot from $395.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Citigroup increased their price objective on Home Depot from $407.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Jefferies Financial Group lifted their target price on shares of Home Depot from $424.00 to $454.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Finally, Zacks Research upgraded shares of Home Depot from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $410.86.

Insider Buying and Selling

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer owned 44,566 shares in the company, valued at approximately $16,439,951.74. This represents a 5.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.08% of the company’s stock.

Trending Headlines about Home Depot

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

• Positive Sentiment: Home Depot’s subsidiary SRS Distribution completed its acquisition of HVAC distributor Mingledorff’s, expanding its footprint in the residential and commercial HVAC market and supporting long-term growth through a larger pro-services platform. SRS Distribution Completes Acquisition of HVAC Distributor Mingledorff’s
• Positive Sentiment: Home Depot is getting added brand exposure through a partnership with Men in Blazers tied to the 2026 World Cup, which could help strengthen customer engagement and marketing reach. How Home Depot is crafting content on the road to the World Cup
• Positive Sentiment: Some market commentary highlighted HD as a beneficiary if inflation cools and rate-cut expectations improve, since lower mortgage rates could support housing-related spending and home improvement demand. 3 Stocks That Win If Inflation Surprises to the Downside (HD)
• Neutral Sentiment: News about a burrito business operating in a Home Depot parking lot appears unrelated to the company’s fundamentals and is unlikely to affect the stock meaningfully. California duo opened a burrito spot in a Home Depot parking lot
• Negative Sentiment: HD also traded lower after a market-wide rally, suggesting investors are taking profits and focusing on the stock’s recent weakness versus the broader market. Home Depot (HD) Stock Sinks As Market Gains: What You Should Know
• Negative Sentiment: Another M&A-focused note framed the Mingledorff’s deal as a reason for the stock slipping, likely because the market is treating the acquisition as incremental rather than a near-term catalyst. M&A News: Home Depot Stock (NYSE:HD) Slips as Mingledorff’s Acquisition Concludes

Home Depot Stock Down 1.9%

HD opened at $311.36 on Tuesday. The Home Depot, Inc. has a 52 week low of $309.71 and a 52 week high of $426.75. The business has a 50 day moving average price of $337.21 and a two-hundred day moving average price of $356.50. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62. The company has a market cap of $310.13 billion, a PE ratio of 21.88, a P/E/G ratio of 3.66 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.20. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The company had revenue of $38.20 billion for the quarter, compared to the consensus estimate of $38.01 billion. During the same period last year, the business posted $3.13 EPS. The company’s revenue was down 3.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.03 EPS for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were paid a $2.33 dividend. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $9.32 annualized dividend and a yield of 3.0%. This is an increase from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s dividend payout ratio is presently 65.50%.

About Home Depot

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.