HD
A little more Home Depot, please
Cornerstone Wealth Group LLC decided it wanted more exposure to The Home Depot, lifting its stake by 20.4% to 39,025 shares. At roughly $13.43 million, HD now makes up about 0.9% of the firm’s holdings — which is a polite way of saying this is a meaningful bet, not pocket change.
But wait, there’s a whole Home Depot sampler plate
This article isn’t just about one investor doing portfolio yoga. It also says Home Depot beat quarterly EPS estimates, posting $2.72 a share versus the $2.52 Wall Street was looking for, even as revenue came in at $38.20 billion, down 3.8% year over year.
Dividends, guidance, and a side quest into automation
Management also raised the quarterly dividend to $2.33 a share, or $9.32 annualized, which works out to a yield of around 2.8% at the time of the article. On top of that, Home Depot guided FY2026 EPS to $14.23-$14.80, a touch below analysts’ roughly 15.13 estimate, and said it completed the acquisition of Simpl Automation to help speed fulfillment and trim distribution costs.
Big picture
If you own HD, this is the classic “steady giant trying to stay spry” story: institutions are buying, the dividend keeps growing, and the company is trying to make its logistics less clunky. That’s not splashy, but it’s exactly the kind of stuff that can keep a big-box retailer humming.