Kingsview Wealth Management LLC Has $22.55 Million Stock Holdings in The Home Depot, Inc. $HD

Kingsview Wealth Management LLC lifted its stake in The Home Depot, Inc. (NYSE:HD) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,529 shares of the home improvement retailer’s stock after acquiring an additional 1,720 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Home Depot were worth $22,549,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Smith Chas P & Associates PA Cpas increased its stake in shares of Home Depot by 61.4% in the fourth quarter. Smith Chas P & Associates PA Cpas now owns 190,635 shares of the home improvement retailer’s stock worth $65,598,000 after acquiring an additional 72,503 shares during the last quarter. Severin Investments LLC increased its stake in shares of Home Depot by 2.7% in the fourth quarter. Severin Investments LLC now owns 1,954 shares of the home improvement retailer’s stock worth $672,000 after acquiring an additional 51 shares during the last quarter. Eaton Financial Holdings Company LLC increased its stake in shares of Home Depot by 79.7% in the fourth quarter. Eaton Financial Holdings Company LLC now owns 1,932 shares of the home improvement retailer’s stock worth $665,000 after acquiring an additional 857 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc increased its stake in shares of Home Depot by 15.4% in the fourth quarter. Texas Capital Bank Wealth Management Services Inc now owns 25,003 shares of the home improvement retailer’s stock worth $8,604,000 after acquiring an additional 3,329 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Home Depot by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock worth $8,151,344,000 after acquiring an additional 343,153 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on HD. Morgan Stanley lowered their target price on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Zacks Research raised shares of Home Depot from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Mizuho lowered their target price on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. JPMorgan Chase & Co. lowered their target price on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Finally, Argus lowered their target price on shares of Home Depot from $425.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Twenty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $371.39.

Trending Headlines about Home Depot

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

• Positive Sentiment: TD Cowen said Home Depot delivered solid execution in a challenging market, and although it trimmed its price target, it reiterated a Buy rating, which can help reinforce confidence in the stock. A Bright Spot in Home Depot’s Earnings
• Positive Sentiment: Home Depot’s latest results showed a modest earnings beat and continued strength in its Pro segment, while U.S. same-store sales posted a sixth straight quarter of growth, supporting the view that demand is stabilizing. Home Depot Sales Recovery And Mingledorff’s Deal Strengthen Pro Growth Story
• Positive Sentiment: Home Depot’s acquisition of Mingledorff’s expands its reach in HVAC distribution and deepens its exposure to professional customers, which investors may see as a long-term growth driver. Home Depot Sales Recovery And Mingledorff’s Deal Strengthen Pro Growth Story

Home Depot Trading Up 2.5%

Home Depot stock opened at $318.27 on Thursday. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The company has a market capitalization of $317.00 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 3.58 and a beta of 1.00. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The company’s fifty day moving average price is $325.37 and its two-hundred day moving average price is $350.33.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.02. The company had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the business posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, analysts forecast that The Home Depot, Inc. will post 15.02 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be issued a $2.33 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a yield of 2.9%. Home Depot’s dividend payout ratio (DPR) is 66.19%.

Insider Transactions at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the firm’s stock in a transaction that occurred on 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 owned 44,566 shares of the company’s stock, valued at $16,439,951.74. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.08% of the stock is owned by company insiders.

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.