The Home Depot, Inc. $HD Shares Acquired by Nisa Investment Advisors LLC

Key Points

• Nisa Investment Advisors increased its Home Depot position by 1.3% in the third quarter, bringing its holdings to 295,174 shares valued at approximately $84 million. Institutional investors collectively own 70.86% of the company.
• Analyst sentiment remains positive, with Home Depot receiving a consensus “Moderate Buy” rating and an average price target of $375.93, above its reported opening price of $315.04.
• Home Depot exceeded quarterly expectations with $4.92 EPS and $47.86 billion in revenue, while maintaining a quarterly dividend of $2.33 per share. However, company insiders sold 9,829 shares worth about $3.34 million over the past 90 days.

Nisa Investment Advisors LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 295,174 shares of the home improvement retailer's stock after purchasing an additional 3,917 shares during the quarter. Nisa Investment Advisors LLC's holdings in Home Depot were worth $83,974,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Home Depot in the second quarter valued at about $28,771,247,000. State Street Corp grew its stake in Home Depot by 1.1% during the second quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer's stock worth $16,637,688,000 after buying an additional 499,168 shares during the last quarter. Bank of America Corp DE bought a new stake in Home Depot during the second quarter worth about $5,780,468,000. Bank of New York Mellon Corp acquired a new stake in shares of Home Depot during the second quarter worth approximately $2,777,396,000. Finally, Amundi increased its holdings in shares of Home Depot by 26.4% during the second quarter. Amundi now owns 7,339,614 shares of the home improvement retailer's stock worth $2,588,535,000 after buying an additional 1,533,276 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Buying and Selling at Home Depot

In other news, CFO Richard V. Mcphail sold 5,989 shares of Home Depot stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the completion of the sale, the chief financial officer owned 48,104 shares in the company, valued at $16,759,433.60. The trade was a 11.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Teresa Roseborough sold 2,455 shares of the business's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $328.77, for a total transaction of $807,130.35. Following the sale, the executive vice president directly owned 14,061 shares of the company's stock, valued at approximately $4,622,834.97. This trade represents a 14.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 9,829 shares of company stock valued at $3,339,314. 0.08% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Home Depot in a research note on Friday, October 2nd. UBS Group restated a "buy" rating on shares of Home Depot in a research report on Thursday, September 17th. DA Davidson restated a "buy" rating and set a $377.00 price target on shares of Home Depot in a research report on Wednesday, August 19th. Wells Fargo & Company raised their price target on Home Depot from $360.00 to $400.00 and gave the company an "overweight" rating in a report on Tuesday, August 11th. Finally, Argus reiterated a "buy" rating and issued a $400.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $375.93.

Home Depot Trading Up 1.7%

HD stock opened at $315.04 on Wednesday. The company has a market cap of $314.31 billion, a P/E ratio of 22.05, a PEG ratio of 2.20 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $277.15 and a twelve month high of $397.63. 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 business has a fifty day moving average of $310.94 and a 200-day moving average of $323.93.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $0.19. The business had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The company also recently disclosed 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 3.0%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot's payout ratio is currently 65.22%.

Key Home Depot News

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

• Positive Sentiment: Home Depot is strengthening its position with professional contractors through strategic acquisitions, an expanded logistics network, and a greater emphasis on trade customers. Analysts and financial commentators view this strategy as a potential long-term growth driver. Alibaba vs. Home Depot: Which Consumer Stock Is a Better Buy in 2026?
• Positive Sentiment: Recent coverage describes Home Depot as a momentum and long-term stock candidate, citing improving growth in recent quarters and the company’s leadership in home improvement. That constructive framing likely supported buying interest. Should You Buy Home Depot Stock Before Nov. 17?
• Neutral Sentiment: Home Depot has become a heavily watched stock on Zacks, prompting renewed discussion of its earnings outlook, valuation, and investment style scores. The attention may increase trading activity but does not represent a fundamental change by itself. Here is What to Know Beyond Why The Home Depot, Inc. (HD) is a Trending Stock
• Neutral Sentiment: Investors are looking ahead to Home Depot’s third-quarter earnings report, scheduled for next month. Expectations for continued improvement have increased, but the report remains an important catalyst for validating the recent optimism. Should You Buy Home Depot Stock Before Nov. 17?
• Negative Sentiment: Commentary notes that housing-market activity remains constrained and that Home Depot trades at a valuation requiring investors to believe in successful strategic execution. These factors could limit upside if consumer demand or renovation spending remains weak. What Changed In Home Depot's Story?

Home Depot Profile

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors, and other building and maintenance professionals. The company sells a broad selection of building materials, hardware, tools, appliances, paint, plumbing and electrical supplies, flooring, lighting, lawn and garden products, and home décor.

In addition to merchandise, Home Depot offers services such as product delivery, tool and equipment rental, credit services, and installation for selected products.

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