Fisher Asset Management LLC Purchases 115,427 Shares of The Home Depot, Inc. $HD

Key Points

• Fisher Asset Management increased its Home Depot stake by 115,427 shares, or 1.1%, to 10.48 million shares valued at about $2.98 billion; institutional investors own 70.86% of the company.
• Home Depot beat quarterly earnings and revenue expectations, reporting EPS of $4.92 and revenue of $47.86 billion. Revenue rose 5.7% year over year, and the company issued fiscal 2026 EPS guidance of $14.69–$15.28.
• The company’s quarterly dividend was $2.33 per share, equivalent to an annualized yield of 2.7%. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $375.90, while insiders sold 9,829 shares worth about $3.34 million over 90 days.

Fisher Asset Management LLC grew its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,476,145 shares of the home improvement retailer's stock after purchasing an additional 115,427 shares during the period. Fisher Asset Management LLC owned about 1.05% of Home Depot worth $2,980,359,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Point Windward Advisors Inc. lifted its holdings in shares of Home Depot by 4.2% in the third quarter. Point Windward Advisors Inc. now owns 9,622 shares of the home improvement retailer's stock valued at $2,737,000 after purchasing an additional 388 shares in the last quarter. PBU The Pension Fund of Early Childhood & Youth Educators grew its holdings in shares of Home Depot by 0.7% during the third quarter. PBU The Pension Fund of Early Childhood & Youth Educators now owns 132,196 shares of the home improvement retailer's stock worth $37,608,000 after buying an additional 896 shares in the last quarter. Werba Rubin Papier Wealth Management raised its position in Home Depot by 9.4% in the 3rd quarter. Werba Rubin Papier Wealth Management now owns 1,474 shares of the home improvement retailer's stock valued at $419,000 after buying an additional 127 shares during the last quarter. R Squared Ltd acquired a new stake in Home Depot in the 3rd quarter valued at approximately $1,671,000. Finally, Van Strum & Towne Inc. lifted its stake in Home Depot by 28.2% in the 3rd quarter. Van Strum & Towne Inc. now owns 1,683 shares of the home improvement retailer's stock valued at $479,000 after acquiring an additional 370 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Teresa Roseborough sold 2,455 shares of Home Depot stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $328.77, for a total value of $807,130.35. Following the completion of the transaction, the executive vice president owned 14,061 shares of the company's stock, valued at $4,622,834.97. This trade represents a 14.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Richard 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. This represents a 11.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 9,829 shares of company stock worth $3,339,314. 0.08% of the stock is owned by insiders.

Home Depot Stock Down 0.9%

NYSE:HD opened at $348.07 on Friday. The firm has a market capitalization of $347.27 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 2.60 and a beta of 0.93. The Home Depot, Inc. has a twelve month low of $277.15 and a twelve month high of $397.63. The stock's 50 day moving average price is $311.57 and its two-hundred day moving average price is $333.42. 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 - Get Free Report) last announced its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.73 by $0.19. The company had revenue of $47.86 billion for the quarter, compared to analysts' expectations of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The business's revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd 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 of this dividend was Thursday, September 3rd. Home Depot's dividend payout ratio is 65.22%.

More Home Depot News

Here's some of the latest news about HD:

• Positive Sentiment: Home Depot’s expanding Pro business, digital sales growth and ongoing investments are cited as growth drivers. One report also highlights the company among retailers with a strong probability of beating earnings expectations, though no results have been reported yet. Home Depot Stock Rallies 20% in a Month: Is It Still a Buy? Retail stocks with earnings-beat potential
• Positive Sentiment: Analyst support includes Sanford C. Bernstein’s expectation that HD shares will rise and Bank of America Securities’ continued Buy rating. Bernstein analyst expects HD shares to rise Bank of America maintains Buy rating
• Negative Sentiment: Elevated mortgage rates and sluggish housing activity could restrain demand, while rising costs are a concern. Separate commentary warns that HD’s roughly 20% one-month rally may have left the stock looking expensive relative to its cash-generation outlook; technical pressure ahead of earnings adds near-term risk. Home Depot stock looks overvalued after its run Technical pressure ahead of earnings

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HD. Wells Fargo & Company upped their price target on Home Depot from $360.00 to $400.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 11th. Truist Financial lifted their price objective on shares of Home Depot from $369.00 to $373.00 and gave the company a "buy" rating in a report on Wednesday, August 19th. Weiss Ratings reissued a "hold (c)" rating on shares of Home Depot in a research report on Friday, October 2nd. Jefferies Financial Group restated a "buy" rating and set a $398.00 target price on shares of Home Depot in a report on Tuesday, August 18th. Finally, Stifel Nicolaus decreased their target price on shares of Home Depot from $346.00 to $322.00 and set a "hold" rating for the company in a research report on Monday, October 26th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $375.90.

Home Depot Profile

The Home Depot, Inc. is a home improvement retailer serving do-it-yourself customers, professional contractors and other businesses. The company sells building materials, tools, hardware, appliances, paint, flooring, and products for home maintenance, repair and renovation, as well as lawn and garden supplies. In addition to its retail stores and online channels, Home Depot offers services such as product delivery, equipment rental and home improvement installation. The company was founded in 1978 and is headquartered in Atlanta, Georgia.

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