Trillium Asset Management LLC Invests $27.37 Million in The Home Depot, Inc. $HD

Key Points

• Trillium Asset Management initiated a $27.37 million position in Home Depot, purchasing 77,614 shares during the second quarter. Institutional investors collectively own approximately 70.86% of the company.
• Home Depot exceeded quarterly expectations with $4.92 in adjusted EPS and $47.86 billion in revenue, up 5.7% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $375.54.
• The company declared a quarterly dividend of $2.33 per share, equivalent to $9.32 annually and a 2.8% yield, while recent insider sales included transactions by the CFO and an executive vice president.

Trillium Asset Management LLC bought a new stake in The Home Depot, Inc. (NYSE:HD - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 77,614 shares of the home improvement retailer's stock, valued at approximately $27,374,000.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock valued at $10,471,000 after buying an additional 7,203 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in Home Depot by 7.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer's stock valued at $952,000 after acquiring an additional 173 shares during the period. Schnieders Capital Management LLC. lifted its stake in Home Depot by 14.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer's stock valued at $4,248,000 after acquiring an additional 1,433 shares during the period. Darwin Wealth Management LLC purchased a new stake in shares of Home Depot in the 2nd quarter valued at $1,773,000. Finally, Financial Advisors Network Inc. boosted its holdings in shares of Home Depot by 11.3% in the 2nd quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer's stock valued at $868,000 after acquiring an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Wall Street Analysts Forecast Growth

HD has been the subject of several recent research reports. Evercore reduced their target price on shares of Home Depot from $415.00 to $400.00 and set an "outperform" rating for the company in a report on Wednesday, May 20th. Wolfe Research cut Home Depot from an "outperform" rating to a "peer perform" rating in a report on Tuesday, June 23rd. Argus reaffirmed a "buy" rating and set a $400.00 target price on shares of Home Depot in a report on Wednesday, August 19th. TD Cowen reissued a "buy" rating on shares of Home Depot in a report on Monday, August 10th. Finally, UBS Group lowered their price objective on Home Depot from $430.00 to $420.00 and set a "buy" rating on the stock in a research report on Wednesday, August 19th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus price target of $375.54.

Home Depot Stock Performance

NYSE:HD opened at $328.80 on Friday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. The stock has a market capitalization of $328.04 billion, a PE ratio of 23.01, a P/E/G ratio of 3.69 and a beta of 0.95. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The company has a fifty day moving average of $341.07 and a two-hundred day moving average of $338.82.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping analysts' consensus estimates of $4.73 by $0.19. The business had revenue of $47.86 billion during the quarter, compared to analysts' expectations of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The company's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, research analysts forecast 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 will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, September 3rd. Home Depot's payout ratio is presently 65.22%.

Trending Headlines about Home Depot

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

• Positive Sentiment: Home Depot expanded its Magic Apron AI assistant to all U.S. stores. The tool provides localized product information, project guidance and store navigation through text, voice, images and multiple languages. With millions of questions handled monthly, the rollout could improve customer service, associate productivity and sales conversion. The Home Depot Expands Magic Apron to Deliver Personalized and Localized In-Store Guidance
• Positive Sentiment: Recent analysis argues that Home Depot is showing its clearest turnaround signal in roughly two years. Analysts remain generally constructive, while the company’s recent quarterly results showed revenue growth and earnings above expectations, potentially positioning HD to benefit disproportionately when housing and remodeling demand recover. Prediction: Home Depot’s Turnaround Could Be Bigger Than Investors Expect
• Positive Sentiment: A comparison with Lowe’s suggests Home Depot may be the stronger housing-recovery play, with its scale, professional-customer exposure and strategic execution differentiating it in a frozen housing market. Home Depot vs. Lowe’s: One Housing Recovery Play Stands Out
• Neutral Sentiment: Home Depot beat second-quarter estimates, but coverage highlights a $685 million tariff refund. Because the refund may be a one-time benefit rather than recurring operating improvement, investors may be discounting part of the earnings upside. Home Depot Beat Q2 Estimates. What Did the $685M Tariff Refund Change?
• Negative Sentiment: Executive Vice President Michael F. Rowe sold 710 shares worth approximately $239,100, reducing his direct holdings by 9.4%. The transaction is relatively small and may be routine, but insider selling can add modest sentiment pressure. SEC Insider Transaction Filing

Insider Buying and Selling at Home Depot

In related news, EVP Michael F. Rowe sold 710 shares of the company's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction of $239,099.60. Following the completion of the sale, the executive vice president owned 6,838 shares of the company's stock, valued at approximately $2,302,764.88. This represents a 9.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard V. Mcphail sold 5,989 shares of Home Depot stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total value of $2,086,567.60. Following the transaction, the chief financial officer owned 48,104 shares in the company, valued at approximately $16,759,433.60. The trade was a 11.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.08% of the stock is currently owned by corporate insiders.

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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