The Home Depot, Inc. $HD Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,332,548 shares of the home improvement retailer’s stock after selling 40,229 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Home Depot were worth $663,587,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in HD. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Home Depot during the 3rd quarter valued at about $226,655,000. SFE Investment Counsel grew its position in Home Depot by 40.7% during the 3rd quarter. SFE Investment Counsel now owns 802 shares of the home improvement retailer’s stock worth $228,000 after acquiring an additional 232 shares during the last quarter. Stevens Capital Partners increased its stake in Home Depot by 20.8% in the 3rd quarter. Stevens Capital Partners now owns 1,092 shares of the home improvement retailer’s stock worth $311,000 after purchasing an additional 188 shares during the period. Vise Technologies Inc. increased its stake in Home Depot by 19.3% in the 3rd quarter. Vise Technologies Inc. now owns 90,965 shares of the home improvement retailer’s stock worth $25,879,000 after purchasing an additional 14,708 shares during the period. Finally, Investment Partners LTD. increased its stake in Home Depot by 26.2% in the 3rd quarter. Investment Partners LTD. now owns 5,390 shares of the home improvement retailer’s stock worth $1,533,000 after purchasing an additional 1,119 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Home Depot

In other news, CAO Kimberly R. Scardino sold 675 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $305.95, for a total value of $206,516.25. Following the sale, the chief accounting officer directly owned 8,189 shares of the company’s stock, valued at $2,505,424.55. This represents a 7.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael F. Rowe sold 710 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was 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 directly owned 6,838 shares in the company, valued at $2,302,764.88. This represents a 9.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 9,829 shares of company stock valued at $3,339,314 in the last three months. Company insiders own 0.08% of the company’s stock.

Home Depot Stock Up 0.1%

HD stock opened at $329.31 on Friday. The Home Depot, Inc. has a fifty-two week low of $277.15 and a fifty-two week high of $397.63. The business’s 50 day moving average price is $308.45 and its two-hundred day moving average price is $334.91. 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 company has a market capitalization of $328.55 billion, a price-to-earnings ratio of 23.04, a price-to-earnings-growth ratio of 2.34 and a beta of 1.00.

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

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were paid a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot’s dividend payout ratio is presently 65.22%.

More Home Depot News

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

• Positive Sentiment: Steady demand for smaller home-improvement projects and continued digital gains are helping sustain Home Depot’s sales growth despite pressure on larger renovations. This suggests consumers are still spending on maintenance and affordable upgrades. Are Smaller Home Projects Sustaining Home Depot’s Sales Growth?
• Positive Sentiment: One analysis identifies HD as a potential long-term stock, supporting the bullish case based on the company’s scale, established brand, cash generation, and ability to benefit when housing and renovation activity recover. Why Home Depot Is a Top Stock for the Long-Term
• Positive Sentiment: Coverage of dividend-focused blue-chip investments highlights Home Depot’s long history of returning cash to shareholders. Its dividend may appeal to investors seeking income while waiting for a broader housing and remodeling recovery. $300,000 in Home Depot, IBM and McDonald’s Could Pay Over $8,500 a Year
• Neutral Sentiment: A comparison with Somnigroup International asks whether SGI or HD offers better value. The article is primarily a relative-valuation discussion rather than a new company-specific catalyst, so its effect on HD is likely limited. SGI vs. HD: Which Stock Is the Better Value Option?
• Negative Sentiment: Another analysis argues that HD’s valuation may be demanding after its roughly 20% three-year gain, raising concern that the share price could already reflect much of the expected future cash flow. Home Depot Stock Looks Overvalued After Its Three-Year Run
• Negative Sentiment: Commentary on a delayed macroeconomic recovery presents HD as a potential dip-buying opportunity, but also signals that high interest rates, weaker housing activity, and postponed major renovations may continue to restrain near-term results. Home Depot: Delayed Macro Recovery Triggers Dip Buying Opportunity and Richer Yields

Wall Street Analyst Weigh In

HD has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Home Depot in a research report on Friday, October 2nd. Truist Financial raised their target price on shares of Home Depot from $369.00 to $373.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. TD Cowen reaffirmed a “buy” rating on shares of Home Depot in a research note on Monday, August 10th. UBS Group reaffirmed a “buy” rating on shares of Home Depot in a research note on Thursday, September 17th. Finally, Sanford C. Bernstein lowered their price target on shares of Home Depot from $354.00 to $344.00 and set a “market perform” rating for the company in a report on Wednesday, September 9th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $375.31.

Home Depot Profile

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.