Tempo Wealth LLC Makes New $1.50 Million Investment in The Home Depot, Inc. $HD

Posted by Brenda Bartman on Jun 20th, 2026

Tempo Wealth LLC acquired a new stake in The Home Depot, Inc. (NYSE:HD – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 4,353 shares of the home improvement retailer’s stock, valued at approximately $1,498,000.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Home Depot in the 4th quarter worth about $4,850,329,000. Wellington Management Group LLP increased its holdings in Home Depot by 60.8% during 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 position in 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 worth $1,132,275,000 after acquiring an additional 2,961,979 shares during the period. J. Stern & Co. LLP raised its position in Home Depot by 14,869.3% in the fourth quarter. J. Stern & Co. LLP now owns 2,232,521 shares of the home improvement retailer’s stock worth $768,210,000 after acquiring an additional 2,217,607 shares during the period. Finally, Parnassus Investments LLC raised its position in Home Depot by 712.3% in the fourth quarter. Parnassus Investments LLC now owns 2,080,538 shares of the home improvement retailer’s stock worth $715,913,000 after acquiring an additional 1,824,409 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Up 0.1%

Home Depot stock opened at $334.72 on Friday. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75. The firm has a market capitalization of $333.75 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 3.86 and a beta of 0.97. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The firm has a 50 day simple moving average of $323.24 and a 200 day simple moving average of $346.39.

Home Depot (NYSE:HD – Get Free Report) last issued its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. The business had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Thursday, June 4th. Home Depot’s payout ratio is presently 66.19%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on HD shares. Telsey Advisory Group reduced their target price on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Gordon Haskett lifted their price target on shares of Home Depot from $320.00 to $330.00 in a report on Friday, June 12th. Jefferies Financial Group dropped their price objective on Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Piper Sandler reduced their price objective on Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Finally, Wall Street Zen raised Home Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Nineteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $371.71.

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About Home Depot

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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.