The Home Depot, Inc. $HD Shares Sold by Carmel Capital Partners LLC

Key Points

• Carmel Capital Partners LLC trimmed its stake in The Home Depot by 6.2%, selling 4,881 shares and holding 74,299 shares worth about $25.57 million, which represents roughly 9.0% of the fund's assets and is its second-largest position.
• Home Depot beat quarterly expectations with $2.72 EPS (vs. $2.52 est.) and $38.2 billion in revenue, but revenue was down 3.8% year-over-year; the company set FY2026 EPS guidance of 14.230–14.799 while analysts expect about $15.03.
• The company raised its quarterly dividend to $2.33 (annualized $9.32, ~2.8% yield), while institutional ownership is high at ~70.9%; notable insider selling includes the CFO’s sale of 2,550 shares and roughly $30M of insider sales highlighted over the past year.

Carmel Capital Partners LLC lessened its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 6.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,299 shares of the home improvement retailer's stock after selling 4,881 shares during the quarter. Home Depot makes up about 9.0% of Carmel Capital Partners LLC's holdings, making the stock its 2nd largest position. Carmel Capital Partners LLC's holdings in Home Depot were worth $25,566,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Home Depot by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer's stock worth $34,284,672,000 after purchasing an additional 1,325,748 shares in the last quarter. Capital Research Global Investors increased its position in Home Depot by 0.3% during the 3rd quarter. Capital Research Global Investors now owns 11,400,133 shares of the home improvement retailer's stock worth $4,619,229,000 after purchasing an additional 30,739 shares in the last quarter. Wellington Management Group LLP increased its position in Home Depot by 60.8% during the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer's stock worth $4,109,878,000 after purchasing an additional 3,836,051 shares in the last quarter. Fisher Asset Management LLC increased its position in Home Depot by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 10,130,293 shares of the home improvement retailer's stock worth $4,104,694,000 after purchasing an additional 197,211 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Home Depot by 1.9% during the 3rd quarter. Legal & General Group Plc now owns 6,181,165 shares of the home improvement retailer's stock worth $2,504,546,000 after purchasing an additional 116,875 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Down 0.0%

HD opened at $335.88 on Monday. 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 stock has a market capitalization of $334.55 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 3.67 and a beta of 1.09. The business has a 50-day moving average of $347.71 and a two-hundred day moving average of $360.48. The Home Depot, Inc. has a 12 month low of $315.31 and a 12 month high of $426.75.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, beating the consensus estimate of $2.52 by $0.20. The company had revenue of $38.20 billion during 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%.The firm's revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, research analysts expect that The Home Depot, Inc. will post 15.03 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were issued a $2.33 dividend. This is a positive change from Home Depot's previous quarterly dividend of $2.30. The ex-dividend date was Thursday, March 12th. This represents a $9.32 annualized dividend and a yield of 2.8%. Home Depot's dividend payout ratio (DPR) is presently 65.50%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. KeyCorp reiterated a "sector weight" rating on shares of Home Depot in a research report on Wednesday, February 25th. Piper Sandler dropped their price objective on Home Depot from $441.00 to $422.00 and set an "overweight" rating for the company in a research report on Monday, February 23rd. Wells Fargo & Company lifted their price objective on Home Depot from $395.00 to $420.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 25th. BNP Paribas Exane dropped their price objective on Home Depot from $391.00 to $348.00 and set a "neutral" rating for the company in a research report on Tuesday, March 24th. Finally, Jefferies Financial Group lifted their price objective on Home Depot from $424.00 to $454.00 and gave the stock a "buy" rating in a research report on Tuesday, February 24th. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Home Depot has a consensus rating of "Moderate Buy" and an average price target of $414.17.

More Home Depot News

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

• Positive Sentiment: Wolfe Research reiterated an Outperform rating and a $414 price target for HD, a bullish analyst endorsement that supports upside versus the current market price and can help stabilize sentiment. Wolfe Research Bullish on The Home Depot, Inc. (HD)
• Positive Sentiment: The Home Depot Foundation committed $250,000 to Keep America Beautiful’s RETREET program to replant 1,000+ trees after disasters — a modest but positive ESG/PR item that supports brand and community resilience (limited direct financial impact). The Home Depot Foundation Funds RETREET Program
• Neutral Sentiment: Analysts and media are re-checking Home Depot’s valuation versus cash-flow signals; pieces note mixed short-term returns and debate whether the stock is fairly priced — useful context for investors but not an immediate catalyst. Home Depot (HD) Valuation Check
• Neutral Sentiment: Previews and analyst models expect a modest single-digit profit decline in the upcoming fiscal-quarter preview; watch the company’s guidance and Pro/customer trends for clearer near-term earnings catalysts. Home Depot's Quarterly Earnings Preview
• Negative Sentiment: TipRanks reports an internal manager fraud that cost Home Depot roughly $4 million, described as a “deliberate and systematic fraud scheme” — an operational risk that can weigh on sentiment and short-term stock performance. Manager’s Fraud Costs Home Depot $4 Million
• Negative Sentiment: Coverage highlights notable insider selling (~$30M over the past year), which can be perceived negatively by investors concerned about near-term insider conviction, even if sales are often for diversification. Insiders Are Selling Home Depot Stock

Insider Buying and Selling

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction dated Wednesday, March 4th. The stock was 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 $16,439,951.74. The trade was a 5.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is owned by company insiders.

Home Depot Company 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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