Castleview Partners LLC Has $3.64 Million Holdings in The Home Depot, Inc. $HD

Castleview Partners LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 21.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,073 shares of the home improvement retailer’s stock after selling 3,097 shares during the period. Home Depot accounts for 1.9% of Castleview Partners LLC’s investment portfolio, making the stock its 10th biggest holding. Castleview Partners LLC’s holdings in Home Depot were worth $3,642,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Norges Bank bought a new position in Home Depot during the fourth quarter valued at $4,850,329,000. Wellington Management Group LLP increased its position in Home Depot by 60.8% in the third quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock worth $4,109,878,000 after buying an additional 3,836,051 shares during the last quarter. Cardano Risk Management B.V. raised its stake in shares of Home Depot by 901.5% in the fourth quarter. Cardano Risk Management B.V. now owns 3,290,540 shares of the home improvement retailer’s stock valued at $1,132,275,000 after buying an additional 2,961,979 shares during the period. Diamant Asset Management Inc. raised its stake in shares of Home Depot by 33,026.3% in the first quarter. Diamant Asset Management Inc. now owns 2,342,026 shares of the home improvement retailer’s stock valued at $770,269,000 after buying an additional 2,334,956 shares during the period. Finally, J. Stern & Co. LLP lifted its position in shares of Home Depot by 14,869.3% during the 4th quarter. J. Stern & Co. LLP now owns 2,232,521 shares of the home improvement retailer’s stock valued at $768,210,000 after buying an additional 2,217,607 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on HD. HSBC cut their price target on Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a research note on Wednesday, May 20th. Bank of America started coverage on shares of Home Depot in a report on Tuesday, May 5th. They set a “buy” rating and a $374.00 price objective on the stock. Morgan Stanley cut their target price on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Guggenheim reiterated a “buy” rating on shares of Home Depot in a research note on Monday, June 29th. Finally, Royal Bank Of Canada lowered their price target on shares of Home Depot from $377.00 to $340.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Price Performance

HD stock traded up $4.71 during mid-day trading on Friday, reaching $343.44. 2,747,430 shares of the company traded hands, compared to its average volume of 4,667,555. The company has a fifty day moving average price of $325.05 and a 200-day moving average price of $345.46. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The company has a market capitalization of $342.45 billion, a P/E ratio of 24.39, a P/E/G ratio of 3.96 and a beta of 0.95. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating the consensus estimate of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The company had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. During the same quarter in the previous year, the company earned $3.56 earnings per share. Home Depot’s revenue for the quarter was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.7%. The ex-dividend date was Thursday, June 4th. Home Depot’s payout ratio is presently 66.19%.

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.