Swiss National Bank Lowers Stake in The Home Depot, Inc. $HD

Key Points

• Swiss National Bank trimmed its Home Depot stake by 4.7% in Q3, selling 140,600 shares to hold 2,868,000 shares valued at about $1.162 billion (≈0.7% of its portfolio), making HD its 22nd largest position.
• Home Depot beat Q results with EPS of $2.72 vs. $2.52 and revenue of $38.20 billion, set FY2026 EPS guidance of 14.230–14.799, and carries a consensus analyst rating of “Moderate Buy” with a $416 price target.
• The company raised its quarterly dividend to $2.33 (annualized $9.32, yield 2.6%), institutional ownership is about 70.86%, and large investors showed notable activity — e.g., Norges Bank initiated a roughly $4.89 billion stake.

Swiss National Bank cut its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 4.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,868,000 shares of the home improvement retailer's stock after selling 140,600 shares during the quarter. Home Depot comprises about 0.7% of Swiss National Bank's portfolio, making the stock its 22nd biggest position. Swiss National Bank owned approximately 0.29% of Home Depot worth $1,162,085,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in Home Depot during the second quarter valued at about $4,885,603,000. Laurel Wealth Advisors LLC raised its holdings in Home Depot by 36,207.5% in the second quarter. Laurel Wealth Advisors LLC now owns 10,076,783 shares of the home improvement retailer's stock worth $3,694,552,000 after purchasing an additional 10,049,029 shares in the last quarter. Vanguard Group Inc. raised its holdings in Home Depot by 1.5% in the second quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer's stock worth $35,922,952,000 after purchasing an additional 1,494,615 shares in the last quarter. Amundi lifted its position in shares of Home Depot by 11.1% during the second quarter. Amundi now owns 7,903,550 shares of the home improvement retailer's stock valued at $2,938,935,000 after buying an additional 790,476 shares during the last quarter. Finally, Voya Investment Management LLC lifted its position in shares of Home Depot by 112.3% during the third quarter. Voya Investment Management LLC now owns 1,444,128 shares of the home improvement retailer's stock valued at $585,147,000 after buying an additional 763,739 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Gordon Haskett lifted their price objective on shares of Home Depot from $330.00 to $370.00 and gave the stock a "hold" rating in a research report on Wednesday, February 11th. JPMorgan Chase & Co. lowered their price objective on Home Depot from $444.00 to $423.00 and set an "overweight" rating for the company in a research report on Wednesday, November 19th. Truist Financial set a $424.00 target price on Home Depot in a research note on Tuesday, February 24th. Jefferies Financial Group upped their target price on Home Depot from $424.00 to $454.00 and gave the company a "buy" rating in a research report on Tuesday, February 24th. Finally, Bank of America lowered their price target on Home Depot from $450.00 to $430.00 and set a "buy" rating for the company in a report on Wednesday, November 19th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and a consensus price target of $416.00.

Home Depot Price Performance

Shares of HD opened at $358.28 on Monday. The firm has a market capitalization of $356.67 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 12.86 and a beta of 1.09. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.06 and a quick ratio of 0.26. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $426.75. The company's fifty day moving average price is $373.58 and its 200-day moving average price is $378.45.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.52 by $0.20. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The company had revenue of $38.20 billion during the quarter, compared to analyst estimates of $38.01 billion. During the same quarter last year, the business posted $3.13 EPS. The firm's quarterly revenue 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 research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be paid a $2.33 dividend. The ex-dividend date is Thursday, March 12th. This is a positive change from Home Depot's previous quarterly dividend of $2.30. This represents a $9.32 annualized dividend and a dividend yield of 2.6%. Home Depot's dividend payout ratio (DPR) is 64.65%.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,872 shares of the firm's 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 completion of the transaction, the executive vice president directly owned 13,196 shares of the company's stock, valued at approximately $4,599,069.92. This trade represents a 17.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 145 shares of the company's stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the completion of the sale, the executive vice president directly owned 12,320 shares in the company, valued at $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 7,513 shares of company stock worth $2,689,515. 0.10% of the stock is owned by company insiders.

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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