Mitsubishi UFJ Asset Management Co. Ltd. Raises Stock Holdings in The Home Depot, Inc. $HD

Key Points

• Mitsubishi UFJ Asset Management raised its stake in The Home Depot by 4.9% to 2,211,775 shares, valued at about $764.9 million and representing roughly 0.22% of the company.
• Analyst sentiment is broadly bullish: Bank of America initiated coverage with a Buy and $374 price target, and the consensus rating is a "Moderate Buy" with an average target of $412.24.
• Near-term catalysts and fundamentals: Home Depot beat Q4 EPS ($2.72 vs. $2.52 est.), set FY2026 guidance of 14.230–14.799 EPS, will host its Q1 earnings call on May 19, and recently raised its quarterly dividend to $2.33 (≈3.0% yield).

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,211,775 shares of the home improvement retailer's stock after buying an additional 104,109 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.22% of Home Depot worth $764,876,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Brighton Jones LLC boosted its stake in Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after purchasing an additional 7,203 shares in the last quarter. Sivia Capital Partners LLC increased its stake in Home Depot by 7.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer's stock valued at $952,000 after purchasing an additional 173 shares in the last quarter. Schnieders Capital Management LLC. raised its holdings in Home Depot by 14.1% in the second quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer's stock worth $4,248,000 after buying an additional 1,433 shares during the last quarter. Darwin Wealth Management LLC bought a new position in shares of Home Depot in the second quarter worth approximately $1,773,000. Finally, Financial Advisors Network Inc. lifted its stake in shares of Home Depot by 11.3% in the second quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer's stock worth $868,000 after buying an additional 241 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Home Depot

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

• Positive Sentiment: Bank of America reinstated coverage on HD with a Buy rating, named it its top pick in home improvement and set a $374 price target (about +18.7% vs. the current level) — a clear near-term catalyst supporting upside. BofA Just Named Home Depot the Top Pick in Home Improvement
• Positive Sentiment: Coverage lift echoed across outlets (Seeking Alpha summary), reinforcing bullish institutional sentiment and likely supporting buying interest. Home Depot attracts a bull rating from Bank of America
• Positive Sentiment: Analysis highlights emerging upside from PRO (trade/professional) membership growth and updated guidance that shift the company story toward recurring revenue and margin resilience — fundamental items investors will watch into the quarter. How The Story For Home Depot (HD) Is Shifting With PRO Growth And New Guidance
• Positive Sentiment: Quant and institutional flows data suggest “smart money” is accumulating HD despite recent weakness, which can magnify rebounds when sentiment improves. Home Depot (HD) Stock May Be Slumping But the Smart Money Wants to Buy In
• Neutral Sentiment: The Home Depot will host its Q1 earnings call on May 19 — a key event that can drive volatility and reprice expectations. Investors should monitor the webcast for updated demand commentary and margin outlook. The Home Depot to Host First Quarter Earnings Conference Call on May 19
• Neutral Sentiment: Analyst coverage remains largely constructive (multiple Buy/Outperform ratings and continued attention), so consensus estimates and guidance moves will be key to sustaining the rally. Home Depot Reaffirmed at Buy
• Negative Sentiment: Recent session weakness was driven by a broader market risk-off after a Middle East energy shock pushed oil higher; that macro-led pullback highlights HD’s sensitivity to cyclical consumer spending and can keep near-term downside risk elevated. Home Depot falls 3.1% as broader market turns risk-off
• Negative Sentiment: Operational/cost pressure headlines — including coverage about potential minimum wage rule changes and ongoing insider selling themes — are reminders of margin risks that could temper returns if wage or labor policies shift materially. Home Depot Stock Slides as Minimum Wage Rules Under Strain

Analyst Ratings Changes

Several brokerages recently weighed in on HD. Gordon Haskett raised their price target on shares of Home Depot from $330.00 to $370.00 and gave the company a "hold" rating in a research report on Wednesday, February 11th. Citigroup upped their price objective on Home Depot from $407.00 to $450.00 and gave the company a "buy" rating in a research report on Thursday, February 12th. UBS Group reissued an "outperform" rating on shares of Home Depot in a report on Tuesday, March 24th. Bank of America began coverage on Home Depot in a research note on Tuesday. They issued a "buy" rating and a $374.00 price target for the company. Finally, Truist Financial set a $424.00 price objective on Home Depot in a research report on Tuesday, February 24th. Twenty analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $412.24.

Home Depot Price Performance

Shares of HD opened at $315.19 on Wednesday. The firm has a market cap of $313.94 billion, a PE ratio of 22.15, a P/E/G ratio of 3.41 and a beta of 1.00. The Home Depot, Inc. has a 1-year low of $310.40 and a 1-year high of $426.75. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62. The firm has a fifty day simple moving average of $341.93 and a two-hundred day simple moving average of $358.50.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, beating analysts' consensus estimates of $2.52 by $0.20. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The company had revenue of $38.20 billion for the quarter, compared to analysts' expectations of $38.01 billion. During the same quarter in the previous year, the company earned $3.13 EPS. Home Depot's revenue for the quarter was down 3.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.02 EPS for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were given a $2.33 dividend. This is a boost from Home Depot's previous quarterly dividend of $2.30. This represents a $9.32 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Thursday, March 12th. Home Depot's dividend payout ratio is 65.50%.

Insider Buying and Selling at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of the firm's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total value of $940,669.50. Following the completion of the sale, the chief financial officer owned 44,566 shares in the company, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.08% of the company's stock.

Home Depot Profile

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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