State Street Corp Purchases 499,168 Shares of The Home Depot, Inc. $HD

Key Points

• State Street increased its Home Depot position by 499,168 shares in the second quarter, bringing its holdings to 47.18 million shares valued at approximately $16.6 billion. Institutional investors collectively own 70.86% of the company.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $375.18, while ratings and targets were mixed. Home Depot recently exceeded quarterly earnings and revenue estimates, reporting $4.92 in EPS and $47.86 billion in revenue.
• Home Depot faces mixed operating signals: investments in its professional customer business and resilient consumer demand are positives, but a “frozen” housing market, high interest rates, tariffs and weaker discretionary spending could weigh on remodeling activity and future earnings.

State Street Corp boosted its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,175,026 shares of the home improvement retailer's stock after purchasing an additional 499,168 shares during the period. State Street Corp owned about 4.73% of Home Depot worth $16,637,688,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in Home Depot during the second quarter valued at approximately $28,771,247,000. Bank of America Corp DE purchased a new position in shares of Home Depot during the 2nd quarter worth $5,780,468,000. Norges Bank purchased a new position in shares of Home Depot during the 4th quarter worth $4,850,329,000. Bank of New York Mellon Corp bought a new stake in shares of Home Depot during the 2nd quarter valued at $2,777,396,000. Finally, Corient Private Wealth LP bought a new stake in shares of Home Depot during the 2nd quarter valued at $390,913,000. 70.86% of the stock is currently owned by institutional investors.

Insider Transactions at Home Depot

In other news, EVP Michael F. Rowe sold 710 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the transaction, the executive vice president directly owned 6,838 shares in the company, valued at approximately $2,302,764.88. This represents a 9.41% 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. Also, CAO Kimberly R. Scardino sold 675 shares of the firm's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $305.95, for a total transaction of $206,516.25. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 9,829 shares of company stock worth $3,339,314. 0.08% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wall Street Zen raised Home Depot from a "sell" rating to a "hold" rating in a report on Tuesday, June 2nd. Royal Bank Of Canada cut their price target on Home Depot from $343.00 to $342.00 and set a "sector perform" rating for the company in a report on Wednesday, August 19th. Wolfe Research cut Home Depot from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, June 23rd. Mizuho raised their price objective on Home Depot from $385.00 to $390.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 19th. Finally, Sanford C. Bernstein lowered their price objective on Home Depot from $354.00 to $344.00 and set a "market perform" rating on the stock in a research report on Wednesday, September 9th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $375.18.

Key Headlines Impacting Home Depot

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

• Positive Sentiment: Home Depot’s investments in its Pro business appear to be gaining traction. Improved delivery capabilities, a broader product catalog and positive Pro comparable sales may help the retailer win larger and more complex projects, supporting longer-term revenue growth. Is Home Depot Winning Bigger Projects Through Pro Investments?
• Positive Sentiment: August consumer demand reportedly increased 7.9% year over year despite weakness in retail stocks. Analysts cited Home Depot, Walmart and Amazon as retailers that could benefit if spending remains resilient. 3 Retail Dips Backed by Rising Consumer Demand
• Neutral Sentiment: Home Depot co-founder Ken Langone’s bullish comments primarily focused on his Eli Lilly investment, offering limited new information about HD’s operating outlook or valuation. His Bet On Home Depot Made Ken Langone A Billionaire
• Negative Sentiment: Home Depot’s CFO reportedly warned that the U.S. housing market is effectively “frozen,” with a key housing metric at a historic low. Weak home turnover can reduce remodeling activity and demand for big-ticket projects. Home Depot CFO issues chilling alarm over frozen US housing market
• Negative Sentiment: Home-improvement and other discretionary retailers face a tougher backdrop than consumer staples in 2026, while tariffs, higher fuel costs and elevated interest rates are pressuring business costs and potentially household spending. Staples ETF Widens Gap Over Discretionary in 2026 Tariffs, fuel costs, and rising rates squeeze U.S. manufacturers
• Negative Sentiment: Erste Group Bank lowered its FY2028 earnings-per-share forecast for HD, adding pressure to expectations even though Home Depot’s latest reported quarter exceeded consensus estimates. Home Depot FY2028 EPS Forecast Decreased by Erste Group Bank

Home Depot Price Performance

NYSE HD traded up $6.17 on Tuesday, reaching $303.37. The company had a trading volume of 2,356,738 shares, compared to its average volume of 4,338,871. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The stock has a market capitalization of $302.67 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 3.30 and a beta of 0.95. The firm's 50 day moving average price is $330.51 and its 200 day moving average price is $330.55. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $413.73.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, beating the consensus estimate of $4.73 by $0.19. The business had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The business's revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts predict that The Home Depot, Inc. will post 15 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were issued a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 3.1%. The ex-dividend date was Thursday, September 3rd. Home Depot's dividend payout ratio (DPR) is currently 65.22%.

About Home Depot

The Home Depot, Inc is a home improvement retailer that sells building materials, appliances, decor, hardware, tools, paint, lawn and garden products, and related merchandise. The company serves do-it-yourself customers, professional contractors, homebuilders, and other commercial customers through its retail stores and digital platforms.

Home Depot also provides services such as equipment and tool rental, delivery, installation, and project support. Its professional-focused offerings include job-lot quantities, specialized products, credit services, and account support designed for contractors and other trade customers.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, the company is headquartered in Atlanta, Georgia.

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