Martingale Asset Management L P Has $36.05 Million Stock Position in The Home Depot, Inc. $HD

Key Points

• Martingale reduced its Home Depot stake by 8.4% in Q3, selling 8,113 shares to hold 88,976 shares valued at $36.05 million, which is 0.9% of its portfolio and the firm's 17th largest position.
• Home Depot beat Q4 estimates and raised its dividend: Q4 EPS was $2.72 vs. $2.52 expected with $38.20B revenue, and the company increased the quarterly dividend to $2.33 (annualized $9.32, ~2.8% yield) while setting FY2026 EPS guidance of 14.23–14.80.
• Institutional ownership is high and analyst sentiment is cautiously positive, with 70.86% of shares held by institutions (notable buys from Vanguard, State Street, etc.) and an analyst consensus of "Moderate Buy" with an average target price of $416 (20 Buys, 12 Holds, 1 Sell).

Martingale Asset Management L P reduced its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 8.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,976 shares of the home improvement retailer's stock after selling 8,113 shares during the quarter. Home Depot comprises 0.9% of Martingale Asset Management L P's holdings, making the stock its 17th largest position. Martingale Asset Management L P's holdings in Home Depot were worth $36,052,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Home Depot by 0.3% in the third quarter. Vanguard Group Inc. now owns 98,310,031 shares of the home improvement retailer's stock valued at $39,834,241,000 after purchasing an additional 331,217 shares during the last quarter. State Street Corp lifted its holdings in Home Depot by 0.7% during the 2nd quarter. State Street Corp now owns 46,015,836 shares of the home improvement retailer's stock worth $16,871,246,000 after purchasing an additional 300,352 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Home Depot by 1.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 14,568,860 shares of the home improvement retailer's stock worth $5,341,724,000 after purchasing an additional 153,582 shares during the last quarter. Norges Bank bought a new stake in Home Depot in the 2nd quarter valued at $4,885,603,000. Finally, Capital Research Global Investors boosted its stake in Home Depot by 0.3% in the 3rd quarter. Capital Research Global Investors now owns 11,400,133 shares of the home improvement retailer's stock valued at $4,619,229,000 after purchasing an additional 30,739 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Key Home Depot News

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

• Positive Sentiment: Q4 results beat expectations and management reiterated cautious FY guidance while increasing the quarterly dividend, supporting cash-flow confidence and long-term upside. MarketBeat: Home Depot stock keeps falling — analysts say the upside is still there
• Positive Sentiment: Operational investments aimed at professional customers (acquisitions, specialty products, an AI quoting tool and a new real-time delivery tracker for large/pro orders) should support steadier, higher-margin revenue even if DIY demand softens. TheStreet: Home Depot launches real-time delivery tracker
• Positive Sentiment: Analysts remain constructive overall — multiple firms raised targets after the quarter and consensus still skews toward Buy, leaving upside potential if housing or rates improve. MarketBeat: analyst coverage
• Neutral Sentiment: Long-term performance studies show Home Depot has delivered strong multi-year returns, which may comfort dividend and buy-and-hold investors but doesn’t prevent near-term volatility tied to housing. Benzinga: 15‑year returns
• Negative Sentiment: High-profile loss-prevention incidents (the so‑called “pretty privilege” tests and other viral stories) have generated negative publicity and investor concern about brand risk and store operations. TipRanks: “Pretty Privilege” tests send Home Depot stock slumping
• Negative Sentiment: Coverage notes softer home-improvement demand as higher mortgage rates and weak housing turnover cool renovation spending — a direct hit to Home Depot’s core markets and valuation. Yahoo Finance: Assessing Home Depot valuation
• Negative Sentiment: Zacks has trimmed multiple near-term and FY estimates and keeps a Hold stance, signaling analyst caution on earnings growth — a headwind for sentiment until data or guidance improves.
• Negative Sentiment: Political headlines (comments by a former CEO supporting a polarizing energy plan) have added volatility and may deter some investors sensitive to reputational or governance risk. TipRanks: former CEO backs Trump energy plan

Analyst Ratings Changes

Several research firms have weighed in on HD. The Goldman Sachs Group lowered their price objective on Home Depot from $413.00 to $409.00 in a research report on Wednesday, February 25th. Guggenheim boosted their target price on shares of Home Depot from $400.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, February 25th. Stifel Nicolaus decreased their price target on shares of Home Depot from $370.00 to $350.00 and set a "hold" rating on the stock in a research note on Monday, December 1st. Royal Bank Of Canada raised their price target on shares of Home Depot from $363.00 to $377.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 25th. Finally, Evercore dropped their price objective on shares of Home Depot from $450.00 to $425.00 and set an "outperform" rating for the company in a research note on Wednesday, November 19th. Twenty analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $416.00.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 2,872 shares of the stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the sale, the executive vice president owned 13,196 shares in the company, valued at approximately $4,599,069.92. This trade represents a 17.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Richard V. Mcphail sold 2,550 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following the sale, the chief financial officer owned 44,566 shares in the company, valued at $16,439,951.74. This represents a 5.41% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by company insiders.

Home Depot Stock Performance

NYSE:HD opened at $338.88 on Friday. The company has a market cap of $337.36 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 12.61 and a beta of 1.09. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $426.75. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.26 and a current ratio of 1.06. The stock has a fifty day moving average price of $373.95 and a 200-day moving average price of $377.29.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, topping analysts' consensus estimates of $2.52 by $0.20. The company had revenue of $38.20 billion for the quarter, compared to analysts' expectations of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.Home Depot's revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the business earned $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be issued a $2.33 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $9.32 annualized dividend and a yield of 2.8%. This is an increase from Home Depot's previous quarterly dividend of $2.30. Home Depot's payout ratio is 64.65%.

About Home Depot

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.

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