Cornerstone Capital Inc. Acquires New Holdings in The Home Depot, Inc. $HD

Cornerstone Capital Inc. acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 81,328 shares of the home improvement retailer’s stock, valued at approximately $28,683,000. Home Depot makes up 2.6% of Cornerstone Capital Inc.’s portfolio, making the stock its 15th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Advocate Investing Services LLC bought a new position in Home Depot in the 4th quarter valued at approximately $25,000. Parvin Asset Management LLC grew its holdings in Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 33 shares during the last quarter. Cache Advisors LLC bought a new stake in Home Depot during the 1st quarter worth approximately $27,000. Merkkuri Wealth Advisors LLC bought a new stake in Home Depot during the 1st quarter worth approximately $28,000. Finally, Abound Financial LLC acquired a new position in Home Depot in the 4th quarter valued at approximately $29,000. Institutional investors own 70.86% of the company’s stock.

Key Headlines Impacting Home Depot

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

• Positive Sentiment: Home Depot’s latest quarter showed solid execution: earnings and revenue exceeded consensus estimates, while sales increased year over year. Bank of America characterized the results as resilient despite a difficult housing backdrop. Home Depot Q2 results analysis
• Positive Sentiment: The board declared a quarterly dividend of $2.33 per share, payable September 17 to shareholders of record September 3. The annualized payout implies a yield of approximately 2.8%, supporting the stock’s income appeal. Home Depot declares quarterly dividend
• Positive Sentiment: DA Davidson, Argus and Guggenheim reiterated or assigned “Buy” ratings, indicating continued confidence in Home Depot’s long-term positioning. The company is also expanding nationwide express delivery to make smaller projects more convenient for cautious consumers. DA Davidson buy rating Home Depot expands express delivery
• Neutral Sentiment: Royal Bank of Canada lowered its price target to $342, while KeyCorp maintained a Sector Weight rating. The mixed recommendations suggest limited near-term upside despite the earnings beat. RBC lowers Home Depot price target
• Neutral Sentiment: Home Depot expanded executive responsibilities and awarded restricted stock, changes intended to support leadership continuity but with no immediate earnings impact. Home Depot executive changes
• Negative Sentiment: Reports highlight margin pressure and an uphill sales environment as customers delay or reduce spending on major renovations. This could constrain comparable sales and profitability even after the recent quarterly beat. Home Depot margin pressure Home Depot customer spending concerns
• Negative Sentiment: CFO Richard McPhail sold 5,989 shares worth approximately $2.1 million, reducing his position by 11.1%. While insider sales do not necessarily signal deteriorating fundamentals, the transaction may weigh modestly on sentiment. Home Depot CFO stock sale

Wall Street Analyst Weigh In

Several research analysts recently issued reports on HD shares. Mizuho raised their target price on Home Depot from $385.00 to $390.00 and gave the stock an “outperform” rating in a research report on Wednesday. Royal Bank Of Canada reduced their price target on Home Depot from $343.00 to $342.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Piper Sandler decreased their price target on Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Gordon Haskett raised their price objective on Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Home Depot in a research note on Monday, August 10th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $375.54.

Home Depot Trading Up 0.5%

NYSE HD opened at $336.04 on Friday. The company has a market cap of $335.07 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 3.68 and a beta of 0.95. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. The business has a 50 day moving average price of $340.86 and a 200-day moving average price of $340.46. The company has a quick ratio of 0.28, a current ratio of 1.08 and a debt-to-equity ratio of 2.64.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 8.41% and a return on equity of 106.42%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the company earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts expect that The Home Depot, Inc. will post 14.99 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be issued a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is 65.22%.

Insiders Place Their Bets

In other news, CFO Richard V. Mcphail sold 5,989 shares of Home Depot stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the sale, the chief financial officer directly owned 48,104 shares in the company, valued at $16,759,433.60. The trade was a 11.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.08% of the company’s stock.

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.