Huntington National Bank Has $76.19 Million Position in The Home Depot, Inc. $HD

Huntington National Bank lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 1.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 188,041 shares of the home improvement retailer’s stock after selling 2,474 shares during the period. Huntington National Bank’s holdings in Home Depot were worth $76,192,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in HD. Sagard Holdings Management Inc. acquired a new stake in Home Depot in the 2nd quarter valued at $29,000. Financially Speaking Inc acquired a new position in Home Depot during the third quarter worth $31,000. LFA Lugano Financial Advisors SA bought a new position in shares of Home Depot during the second quarter valued at $32,000. Legacy Investment Solutions LLC acquired a new stake in shares of Home Depot in the 2nd quarter valued at $35,000. Finally, Dougherty Wealth Advisers LLC acquired a new stake in shares of Home Depot in the 3rd quarter valued at $38,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Angie Brown sold 1,946 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $357.63, for a total value of $695,947.98. Following the completion of the sale, the executive vice president owned 3,941 shares in the company, valued at approximately $1,409,419.83. This represents a 33.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $348.52, for a total value of $1,000,949.44. Following the completion of the transaction, the executive vice president directly owned 13,196 shares in the company, valued at $4,599,069.92. The trade was a 17.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,963 shares of company stock valued at $1,748,845 over the last three months. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the topic of several research analyst reports. Royal Bank Of Canada upped their price objective on shares of Home Depot from $363.00 to $377.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Piper Sandler reduced their target price on Home Depot from $441.00 to $422.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. DA Davidson boosted their price objective on Home Depot from $407.00 to $445.00 and gave the stock a “buy” rating in a research note on Tuesday. Wolfe Research raised their target price on Home Depot from $413.00 to $414.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, The Goldman Sachs Group decreased their price objective on shares of Home Depot from $413.00 to $409.00 in a report on Wednesday. Twenty research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $416.00.

Home Depot Stock Up 1.5%

Shares of NYSE HD opened at $380.71 on Friday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $426.75. The firm’s 50-day moving average is $371.76 and its 200-day moving average is $380.00. The company has a current ratio of 1.06, a quick ratio of 0.29 and a debt-to-equity ratio of 3.62. The firm has a market capitalization of $379.00 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 13.44 and a beta of 1.08.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.20. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The business had revenue of $38.20 billion for the quarter, compared to analyst estimates of $38.01 billion. During the same period in the prior year, the business posted $3.13 earnings per share. Home Depot’s revenue was down 3.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be given a $2.33 dividend. The ex-dividend date is Thursday, March 12th. This represents a $9.32 annualized dividend and a dividend yield of 2.4%. This is an increase from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s dividend payout ratio is 64.65%.

Key Home Depot News

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

• Positive Sentiment: Q4 beats, revenue and dividend hike — Home Depot topped Q4 estimates (EPS and revenue), reported positive comparable‑store sales, and approved a 1.3% dividend increase, signaling management confidence in cash flow. Does Home Depot’s Modest 2026 Outlook And Dividend Hike Reframe The Tech‑And‑Pro Story For HD?
• Positive Sentiment: Pro/customer mix is protecting results — Professional contractors are driving resilience in sales (Pro-focused initiatives, SRS integration and trade services are improving stickiness and margins versus DIY). Home Depot’s Pro Ecosystem Shows Resilience in Soft Market
• Positive Sentiment: Analyst support is increasing — Several firms have raised price targets and some analysts (including TD Cowen coverage) kept or added bullish ratings, giving the stock upward momentum. Home Depot: Pro-Focused Growth and Acquisition Integration Position FY26 as an Inflection Year Supporting a Buy Rating
• Positive Sentiment: Recent price‑target upgrades — Firms including Stifel, Daiwa and others nudged up targets post‑earnings, providing technical and sentiment support for the shares. Home Depot price target raised to $375 from $350 at Stifel
• Neutral Sentiment: 2026 guidance is modest — Management gave conservative FY26 sales/EPS guidance (low‑single‑digit sales growth, flat to low single‑digit EPS growth) and plans ~15 new store openings, which tempers upside until the housing cycle improves. Does Home Depot’s Modest 2026 Outlook And Dividend Hike Reframe The Tech‑And‑Pro Story For HD?
• Negative Sentiment: Macro/housing headwinds weigh on sentiment — High mortgage rates and low existing‑home turnover (“lock‑in” effect) are keeping big discretionary remodel projects on hold, which has driven short‑term investor caution and prior sell‑offs. Jim Cramer Wonders Why People Are Selling Home Depot (HD) Shares

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.