The Home Depot, Inc. $HD Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 6.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,650 shares of the home improvement retailer’s stock after selling 1,990 shares during the period. Hennessy Advisors Inc.’s holdings in Home Depot were worth $7,582,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in HD. Austin Asset Management Co Inc raised its holdings in Home Depot by 3.6% during the 3rd quarter. Austin Asset Management Co Inc now owns 970 shares of the home improvement retailer’s stock worth $276,000 after buying an additional 34 shares during the period. Columbia Bank increased its position in shares of Home Depot by 20.8% in the third quarter. Columbia Bank now owns 6,450 shares of the home improvement retailer’s stock worth $1,835,000 after acquiring an additional 1,109 shares in the last quarter. Hoey Investments Inc. purchased a new position in shares of Home Depot in the third quarter worth approximately $399,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Home Depot during the third quarter valued at approximately $226,655,000. Finally, SFE Investment Counsel raised its holdings in shares of Home Depot by 40.7% during the third quarter. SFE Investment Counsel now owns 802 shares of the home improvement retailer’s stock valued at $228,000 after acquiring an additional 232 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Home Depot

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

A number of equities analysts recently commented on the stock. Mizuho raised their price objective on shares of Home Depot from $385.00 to $390.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Royal Bank Of Canada reduced their target price on Home Depot from $343.00 to $342.00 and set a “sector perform” rating for the company in a report on Wednesday, August 19th. Jefferies Financial Group restated a “buy” rating and issued a $398.00 target price on shares of Home Depot in a report on Tuesday, August 18th. Argus reaffirmed a “buy” rating and issued a $400.00 target price on shares of Home Depot in a research report on Wednesday, August 19th. Finally, DA Davidson reiterated a “buy” rating and set a $377.00 price target on shares of Home Depot in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $375.31.

Insider Buying and Selling at Home Depot

In other news, CFO Richard McPhail sold 5,989 shares of the 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 completion of the transaction, the chief financial officer directly owned 48,104 shares of the company’s stock, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Teresa Roseborough sold 2,455 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $328.77, for a total transaction of $807,130.35. Following the completion of the sale, the executive vice president owned 14,061 shares in the company, valued at $4,622,834.97. This represents a 14.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 9,829 shares of company stock worth $3,339,314. 0.08% of the stock is currently owned by company insiders.

Home Depot Trading Up 0.0%

Shares of NYSE:HD opened at $329.31 on Monday. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The stock has a market capitalization of $328.55 billion, a PE ratio of 23.04, a P/E/G ratio of 2.34 and a beta of 1.00. The Home Depot, Inc. has a 1 year low of $277.15 and a 1 year high of $397.63. The firm has a fifty day moving average price of $308.45 and a 200 day moving average price of $334.91.

Home Depot (NYSE:HD) last announced 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. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The company had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter last year, the company posted $4.68 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were given 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 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.