Miller Howard Investments Inc. NY Purchases 106,152 Shares of The Home Depot, Inc. $HD

Miller Howard Investments Inc. NY purchased a new position in The Home Depot, Inc. (NYSE:HD) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 106,152 shares of the home improvement retailer’s stock, valued at approximately $30,199,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in Home Depot in the second quarter valued at about $28,771,247,000. Bank of America Corp DE acquired a new position in Home Depot in the 2nd quarter worth about $5,780,468,000. Bank of New York Mellon Corp acquired a new position in Home Depot in the 2nd quarter worth about $2,777,396,000. Corient Private Wealth LP acquired a new position in Home Depot in the 2nd quarter worth about $390,913,000. Finally, Legal & General Group Plc purchased a new stake in shares of Home Depot during the 2nd quarter worth about $1,953,883,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Home Depot

In other news, EVP Michael Rowe sold 710 shares of Home Depot 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 sale, the executive vice president directly owned 6,838 shares in the company, valued at approximately $2,302,764.88. The trade was 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 McPhail sold 5,989 shares of Home Depot stock in a transaction dated 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 sale, the chief financial officer owned 48,104 shares in the company, valued at approximately $16,759,433.60. This trade represents a 11.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,829 shares of company stock valued at $3,339,314 over the last quarter. 0.08% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. KeyCorp reissued a “sector weight” rating on shares of Home Depot in a research note on Wednesday, August 19th. DA Davidson reaffirmed a “buy” rating and set a $377.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. Jefferies Financial Group reiterated a “buy” rating and issued a $398.00 target price on shares of Home Depot in a research note on Tuesday, August 18th. Argus reissued a “buy” rating and issued a $400.00 target price on shares of Home Depot in a research report on Wednesday, August 19th. Finally, Stifel Nicolaus cut their price target on shares of Home Depot from $346.00 to $322.00 and set a “hold” rating on the stock in a report on Monday. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $375.31.

Trending Headlines about Home Depot

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

• Positive Sentiment: Home Depot attracted approximately $62.1 million of net ETF buying, suggesting continued institutional and passive-investment demand for HD shares. However, ETF flows are a technical signal rather than evidence of improving operating fundamentals. Home Depot Sees $62.1 Million in Net ETF Buying on Thursday
• Positive Sentiment: Dividend-focused coverage emphasizes Home Depot’s 2.84% yield, more than a decade of annual increases, and a 238% payout increase over the past decade. The company’s long-term dividend record may support the stock’s appeal to income-oriented investors. Home Depot Dividend Analysis
• Neutral Sentiment: Home Depot’s digital shelf labels are intended to display delivery timing and assist employees with online-order fulfillment—not to charge different prices to different shoppers. The initiative could improve operational efficiency while limiting concerns about personalized pricing. Home Depot Digital Price Tags
• Neutral Sentiment: Recent market commentary asks whether Home Depot can navigate shifting retail conditions, while another report benchmarks its second-quarter results against home-furnishing and improvement retailers. These articles frame HD’s outlook relative to industry trends rather than announcing a new company-specific catalyst. Can Home Depot Navigate a Shifting Market? Home Improvement Retail Q2 Benchmarking
• Negative Sentiment: Dividend analyses caution that the latest increases have slowed considerably compared with Home Depot’s historical growth. Pressure on housing activity, retail operations, and free cash flow could limit future payout growth and raise questions about how comfortably the dividend can expand. Home Depot Dividend Growth Analysis

Home Depot Stock Performance

NYSE HD opened at $319.71 on Tuesday. The Home Depot, Inc. has a 52-week low of $277.15 and a 52-week high of $397.63. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31. The firm has a market capitalization of $318.97 billion, a price-to-earnings ratio of 22.37, a P/E/G ratio of 2.27 and a beta of 1.00. The company’s fifty day moving average is $310.03 and its two-hundred day moving average is $335.88.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, beating the consensus estimate of $4.73 by $0.19. The firm had revenue of $47.86 billion during the quarter, compared to analysts’ expectations of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were issued a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is presently 65.22%.

About Home Depot

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.