Mitsubishi UFJ Asset Management Co. Ltd. Buys 104,109 Shares of The Home Depot, Inc. $HD

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in The Home Depot, Inc. (NYSE:HD) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,211,775 shares of the home improvement retailer’s stock after acquiring an additional 104,109 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Home Depot were worth $764,876,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HD. Wellington Management Group LLP lifted its holdings 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 worth $4,109,878,000 after buying an additional 3,836,051 shares during the period. Vanguard Group Inc. raised its holdings in shares of Home Depot by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock valued at $34,284,672,000 after purchasing an additional 1,325,748 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Home Depot by 37.6% in the 3rd quarter. Franklin Resources Inc. now owns 3,806,308 shares of the home improvement retailer’s stock worth $1,542,278,000 after acquiring an additional 1,040,577 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in Home Depot in the third quarter worth about $284,893,000. Finally, ABN AMRO Bank N.V. boosted its holdings in shares of Home Depot by 2,427.3% in the 3rd quarter. ABN AMRO Bank N.V. now owns 631,551 shares of the home improvement retailer’s stock valued at $254,943,000 after buying an additional 606,562 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Up 0.9%

NYSE:HD opened at $315.19 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62. The Home Depot, Inc. has a twelve month low of $310.40 and a twelve month high of $426.75. The company has a market cap of $313.94 billion, a PE ratio of 22.15, a P/E/G ratio of 3.41 and a beta of 1.00. The company’s 50 day moving average is $341.93 and its two-hundred day moving average is $358.50.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, topping the consensus estimate of $2.52 by $0.20. The business had revenue of $38.20 billion during the quarter, compared to the consensus estimate of $38.01 billion. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Analysts anticipate that The Home Depot, Inc. will post 15.02 EPS for the current year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were paid a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 3.0%. The ex-dividend date was Thursday, March 12th. This is a boost from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s dividend payout ratio (DPR) is presently 65.50%.

Insider Buying and Selling at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of the 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 transaction, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at approximately $16,439,951.74. This represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.08% of the company’s stock.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Bank of America reinstated coverage on HD with a Buy rating, named it its top pick in home improvement and set a $374 price target (about +18.7% vs. the current level) — a clear near-term catalyst supporting upside. BofA Just Named Home Depot the Top Pick in Home Improvement
• Positive Sentiment: Coverage lift echoed across outlets (Seeking Alpha summary), reinforcing bullish institutional sentiment and likely supporting buying interest. Home Depot attracts a bull rating from Bank of America
• Positive Sentiment: Analysis highlights emerging upside from PRO (trade/professional) membership growth and updated guidance that shift the company story toward recurring revenue and margin resilience — fundamental items investors will watch into the quarter. How The Story For Home Depot (HD) Is Shifting With PRO Growth And New Guidance
• Positive Sentiment: Quant and institutional flows data suggest “smart money” is accumulating HD despite recent weakness, which can magnify rebounds when sentiment improves. Home Depot (HD) Stock May Be Slumping But the Smart Money Wants to Buy In
• Neutral Sentiment: The Home Depot will host its Q1 earnings call on May 19 — a key event that can drive volatility and reprice expectations. Investors should monitor the webcast for updated demand commentary and margin outlook. The Home Depot to Host First Quarter Earnings Conference Call on May 19
• Neutral Sentiment: Analyst coverage remains largely constructive (multiple Buy/Outperform ratings and continued attention), so consensus estimates and guidance moves will be key to sustaining the rally. Home Depot Reaffirmed at Buy
• Negative Sentiment: Recent session weakness was driven by a broader market risk-off after a Middle East energy shock pushed oil higher; that macro-led pullback highlights HD’s sensitivity to cyclical consumer spending and can keep near-term downside risk elevated. Home Depot falls 3.1% as broader market turns risk-off
• Negative Sentiment: Operational/cost pressure headlines — including coverage about potential minimum wage rule changes and ongoing insider selling themes — are reminders of margin risks that could temper returns if wage or labor policies shift materially. Home Depot Stock Slides as Minimum Wage Rules Under Strain

Analysts Set New Price Targets

Several research analysts recently commented on HD shares. Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. KeyCorp reaffirmed a “sector weight” rating on shares of Home Depot in a report on Wednesday, February 25th. DA Davidson upped their price target on Home Depot from $407.00 to $445.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Telsey Advisory Group reiterated an “outperform” rating and set a $435.00 price objective on shares of Home Depot in a report on Wednesday, March 25th. Finally, Bank of America assumed coverage on Home Depot in a research report on Tuesday. They issued a “buy” rating and a $374.00 price objective for the company. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $412.24.

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.