4,750 The Home Depot, Inc. $HD Shares Bought by Conning Inc.

Key Points

• Conning Inc. increased its Home Depot stake by 4% in the third quarter, adding 4,750 shares and bringing its holdings to 124,602 shares valued at approximately $35.4 million. Institutional investors collectively own 70.86% of the company.
• Wall Street maintains a generally positive view, with an average rating of “Moderate Buy” and a consensus price target of $375.31. Recent targets range from $373 to $425.
• Home Depot exceeded quarterly earnings and revenue expectations, reporting $4.92 in EPS and $47.86 billion in revenue, while paying a quarterly dividend of $2.33 per share. However, company insiders sold 9,829 shares worth approximately $3.34 million over the past three months.

Conning Inc. raised its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 4.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 124,602 shares of the home improvement retailer's stock after acquiring an additional 4,750 shares during the quarter. Conning Inc.'s holdings in Home Depot were worth $35,448,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Bank of Nova Scotia purchased a new position in Home Depot during the second quarter worth approximately $118,723,000. AFT Forsyth & Company Inc. acquired a new stake in Home Depot in the second quarter valued at approximately $1,896,000. Field & Main Bank acquired a new stake in Home Depot in the second quarter valued at approximately $6,286,000. State Street Corp increased its position in shares of Home Depot by 1.1% in the second quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer's stock valued at $16,637,688,000 after buying an additional 499,168 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of Home Depot by 9.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 49,096 shares of the home improvement retailer's stock valued at $17,315,000 after buying an additional 4,292 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HD. Truist Financial upped their target price on Home Depot from $369.00 to $373.00 and gave the stock a "buy" rating in a research note on Wednesday, August 19th. KeyCorp reissued a "sector weight" rating on shares of Home Depot in a report on Wednesday, August 19th. Mizuho upped their price objective on shares of Home Depot from $385.00 to $390.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 19th. Jefferies Financial Group reiterated a "buy" rating and issued a $398.00 target price on shares of Home Depot in a research report on Tuesday, August 18th. Finally, Guggenheim reiterated a "buy" rating and issued a $425.00 target price on shares of Home Depot in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $375.31.

Home Depot Stock Performance

NYSE HD opened at $317.45 on Thursday. The company has a market cap of $316.72 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 2.27 and a beta of 1.00. The stock's 50 day simple moving average is $308.86 and its 200-day simple moving average is $335.37. The Home Depot, Inc. has a 1-year low of $277.15 and a 1-year high of $397.63. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping the consensus estimate of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The firm had revenue of $47.86 billion during the quarter, compared to analysts' expectations of $47.24 billion. During the same period in the previous year, the business earned $4.68 earnings per share. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were paid a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot's payout ratio is 65.22%.

Insider Buying and Selling at Home Depot

In other news, CAO Kimberly R. Scardino sold 675 shares of the firm's stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $305.95, for a total value of $206,516.25. Following the transaction, the chief accounting officer directly owned 8,189 shares of the company's stock, valued at approximately $2,505,424.55. This trade represents a 7.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Richard V. Mcphail sold 5,989 shares of the business's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the transaction, the chief financial officer owned 48,104 shares in the company, valued at $16,759,433.60. The trade was a 11.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,829 shares of company stock worth $3,339,314 over the last three months. 0.08% of the stock is owned by corporate insiders.

Trending Headlines about Home Depot

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

• Positive Sentiment: Home Depot’s dominant home-improvement market position, investments aimed at professional contractors and continued digital sales growth are cited as key advantages versus Lowe’s and Target. These initiatives could support market-share gains and longer-term revenue growth. Home Depot vs. Lowe’s: Which Retail Giant Is Worth Betting On?
• Positive Sentiment: The company is evaluating agentic artificial intelligence and has adopted technology more aggressively than many traditional home-improvement retailers. AI-based shopping tools could improve customer service, though the company is considering identity verification for AI agents before they transact. Home Depot Stock Notches Up as It Considers the Future of Agentic AI
• Neutral Sentiment: Analysts expect the retailer’s next quarterly report to show single-digit earnings growth. The company’s latest reported quarter already exceeded consensus estimates for both earnings and revenue, while fiscal 2026 guidance remains in place.
• Neutral Sentiment: Relative to Target, Home Depot offers focused exposure to home improvement and professional projects, while Target provides broader exposure to household essentials and discretionary merchandise. The comparison does not establish a clear near-term catalyst for HD. Home Depot vs. Target: Which Consumer Stock Is a Better Buy in 2026?
• Negative Sentiment: Several analyses question whether Home Depot’s valuation fully reflects its expected cash flows after a roughly 20% three-year share-price gain. Comparisons also highlight Lowe’s lower valuation, creating concern that investors may be paying a premium for HD’s growth initiatives. Home Depot Stock Looks Overvalued After Its Three-Year Run

About Home Depot

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors, and other building and maintenance professionals. The company sells a broad selection of building materials, hardware, tools, appliances, paint, plumbing and electrical supplies, flooring, lighting, lawn and garden products, and home décor.

In addition to merchandise, Home Depot offers services such as product delivery, tool and equipment rental, credit services, and installation for selected products.

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