Integrated Wealth Concepts LLC Grows Holdings in The Home Depot, Inc. $HD

Integrated Wealth Concepts LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 34.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,379 shares of the home improvement retailer’s stock after purchasing an additional 24,614 shares during the period. Integrated Wealth Concepts LLC’s holdings in Home Depot were worth $33,991,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Parvin Asset Management LLC grew its position in shares of Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 33 shares during the period. Zeit Capital LLC purchased a new position in Home Depot during the second quarter worth about $26,000. Advocate Investing Services LLC purchased a new position in Home Depot during the fourth quarter worth about $25,000. Cache Advisors LLC purchased a new position in Home Depot during the first quarter worth about $27,000. Finally, Imprint Wealth LLC acquired a new stake in Home Depot in the 3rd quarter worth about $34,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HD has been the subject of several recent analyst reports. Piper Sandler lowered their price target on Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Gordon Haskett raised their target price on shares of Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. Weiss Ratings upgraded shares of Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 7th. HSBC lowered their target price on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a report on Wednesday, May 20th. Finally, Argus reaffirmed a “buy” rating and set a $400.00 price target on shares of Home Depot in a research note on Wednesday, August 19th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average target price of $375.18.

Insiders Place Their Bets

In other Home Depot news, EVP Michael Rowe sold 710 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total transaction of $239,099.60. Following the transaction, the executive vice president owned 6,838 shares in the company, valued at $2,302,764.88. The trade was a 9.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Richard McPhail sold 5,989 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total value of $2,086,567.60. Following the completion of the sale, the chief financial officer owned 48,104 shares of the company’s stock, valued at approximately $16,759,433.60. This trade represents a 11.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,154 shares of company stock worth $3,132,798 over the last quarter. 0.08% of the stock is owned by corporate insiders.

Home Depot Price Performance

Home Depot stock opened at $310.74 on Thursday. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The firm has a fifty day moving average of $337.16 and a 200-day moving average of $334.61. The firm has a market capitalization of $310.02 billion, a P/E ratio of 21.75, a PEG ratio of 3.45 and a beta of 0.95. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, beating the consensus estimate of $4.73 by $0.19. The business had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, analysts predict that The Home Depot, Inc. will post 15 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be given a $2.33 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $9.32 annualized dividend and a yield of 3.0%. Home Depot’s dividend payout ratio (DPR) is 65.22%.

Home Depot Company Profile

The Home Depot, Inc is a home improvement retailer that sells building materials, appliances, decor, hardware, tools, paint, lawn and garden products, and related merchandise. The company serves do-it-yourself customers, professional contractors, homebuilders, and other commercial customers through its retail stores and digital platforms.

Home Depot also provides services such as equipment and tool rental, delivery, installation, and project support. Its professional-focused offerings include job-lot quantities, specialized products, credit services, and account support designed for contractors and other trade customers.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, the company is headquartered in Atlanta, Georgia.