The Home Depot, Inc. $HD Shares Sold by Hartford Financial Management Inc.

Hartford Financial Management Inc. lowered its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 44.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,743 shares of the home improvement retailer's stock after selling 7,116 shares during the period. Hartford Financial Management Inc.'s holdings in Home Depot were worth $3,083,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of HD. Norges Bank acquired a new position in shares of Home Depot in the 4th quarter worth $4,850,329,000. Wellington Management Group LLP boosted its position in shares of Home Depot by 60.8% in the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer's stock valued at $4,109,878,000 after purchasing an additional 3,836,051 shares during the period. Cardano Risk Management B.V. boosted its position in shares of Home Depot by 901.5% in the 4th quarter. Cardano Risk Management B.V. now owns 3,290,540 shares of the home improvement retailer's stock valued at $1,132,275,000 after purchasing an additional 2,961,979 shares during the period. Diamant Asset Management Inc. increased its stake in Home Depot by 33,026.3% in the 1st quarter. Diamant Asset Management Inc. now owns 2,342,026 shares of the home improvement retailer's stock worth $770,269,000 after purchasing an additional 2,334,956 shares in the last quarter. Finally, J. Stern & Co. LLP increased its stake in Home Depot by 14,869.3% in the 4th quarter. J. Stern & Co. LLP now owns 2,232,521 shares of the home improvement retailer's stock worth $768,210,000 after purchasing an additional 2,217,607 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Price Performance

Shares of NYSE:HD opened at $338.10 on Wednesday. The firm has a market cap of $337.12 billion, a price-to-earnings ratio of 24.01, a P/E/G ratio of 4.08 and a beta of 0.95. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The business has a fifty day simple moving average of $340.08 and a 200 day simple moving average of $340.97.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, beating analysts' consensus estimates of $4.73 by $0.19. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the previous year, the company posted $4.68 earnings per share. The business's quarterly revenue was up 5.7% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, sell-side analysts predict that The Home Depot, Inc. will post 14.99 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a $2.33 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. Home Depot's payout ratio is presently 66.19%.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of analyst reports. Royal Bank Of Canada upped their price objective on shares of Home Depot from $340.00 to $343.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 12th. TD Cowen restated a "buy" rating on shares of Home Depot in a report on Monday, August 10th. Wells Fargo & Company upped their price target on shares of Home Depot from $360.00 to $400.00 and gave the company an "overweight" rating in a research report on Tuesday, August 11th. Telsey Advisory Group decreased their price objective on shares of Home Depot from $435.00 to $410.00 and set an "outperform" rating for the company in a research note on Wednesday, May 20th. Finally, Morgan Stanley lowered their price objective on shares of Home Depot from $420.00 to $400.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $375.25.

Key Home Depot News

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

• Positive Sentiment: Home Depot reported fiscal Q2 adjusted EPS of $4.92, above the $4.73 consensus estimate, while revenue rose 5.7% year over year to $47.86 billion, exceeding expectations of approximately $47.24 billion. Home Depot reaffirms guidance amid frozen housing market conditions
• Positive Sentiment: Comparable sales increased 1.7% globally and 1.3% in the U.S.—the company’s strongest comparable-sales performance since 2022—as customers continued smaller repair and maintenance projects despite high mortgage rates and housing costs. Average ticket rose 2.8%, helping offset a 1.0% decline in comparable transactions. Home Depot beats quarterly sales estimates on steady repair demand
• Positive Sentiment: The nationwide rollout of Express Delivery, using more than 2,000 U.S. stores as fulfillment hubs for delivery in three hours or less, could support online sales, customer retention and Pro-customer demand. The Home Depot expands nationwide express delivery
• Neutral Sentiment: Management reaffirmed fiscal 2026 guidance for roughly 2.5%–4.5% sales growth, flat to 2.0% comparable-sales growth and EPS of $14.690–$15.278. Maintaining the outlook provides stability, but the lack of an increase suggests a housing recovery has not yet materialized.
• Negative Sentiment: Executives described housing conditions as “frozen.” Customers are avoiding large renovations, while weak housing starts and elevated Treasury yields remain headwinds for discretionary projects and valuation. The CEO’s recently announced medical leave adds a separate near-term leadership uncertainty. Home Depot tops earnings estimates amid frozen housing market

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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