The Home Depot, Inc. $HD Stock Holdings Boosted by Summit Global Investments

Summit Global Investments increased its stake in The Home Depot, Inc. (NYSE:HD) by 43.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,251 shares of the home improvement retailer’s stock after acquiring an additional 2,780 shares during the quarter. Summit Global Investments’ holdings in Home Depot were worth $2,632,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HD. Opinicus Capital Inc. lifted its holdings in shares of Home Depot by 2.7% during the third quarter. Opinicus Capital Inc. now owns 6,534 shares of the home improvement retailer’s stock valued at $1,859,000 after purchasing an additional 169 shares during the last quarter. Americana Partners LLC acquired a new position in shares of Home Depot in the 3rd quarter valued at $17,560,000. Fusion Capital LLC boosted its position in shares of Home Depot by 5.9% in the 3rd quarter. Fusion Capital LLC now owns 25,223 shares of the home improvement retailer’s stock valued at $7,176,000 after purchasing an additional 1,395 shares during the period. International Assets Investment Management LLC increased its stake in Home Depot by 449.6% in the 3rd quarter. International Assets Investment Management LLC now owns 120,000 shares of the home improvement retailer’s stock worth $34,139,000 after purchasing an additional 98,167 shares in the last quarter. Finally, Glenview Trust Co increased its stake in Home Depot by 28.8% in the 3rd quarter. Glenview Trust Co now owns 98,517 shares of the home improvement retailer’s stock worth $28,027,000 after purchasing an additional 22,045 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of HD opened at $329.31 on Friday. The company has a market capitalization of $328.55 billion, a price-to-earnings ratio of 23.04, a P/E/G ratio of 2.34 and a beta of 1.00. The Home Depot, Inc. has a fifty-two week low of $277.15 and a fifty-two 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 business’s 50-day moving average is $308.45 and its 200-day moving average is $334.91.

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

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders 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 was Thursday, September 3rd. Home Depot’s dividend payout ratio is currently 65.22%.

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Roseborough sold 2,455 shares of Home Depot 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 of the company’s stock, valued at $4,622,834.97. This trade represents a 14.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Kimberly R. Scardino sold 675 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $305.95, for a total transaction of $206,516.25. Following the transaction, the chief accounting officer owned 8,189 shares in the company, valued at approximately $2,505,424.55. This represents a 7.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,829 shares of company stock worth $3,339,314 in the last quarter. 0.08% of the stock is owned by corporate insiders.

Key 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

Analysts Set New Price Targets

HD has been the topic of several recent analyst reports. Melius Research set a $397.00 price objective on Home Depot in a report on Tuesday, October 6th. Sanford C. Bernstein decreased their target price 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. Jefferies Financial Group reissued a “buy” rating and issued a $398.00 target price on shares of Home Depot in a research report on Tuesday, August 18th. Royal Bank Of Canada dropped their target price on shares of Home Depot from $343.00 to $342.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 19th. Finally, KeyCorp restated a “sector weight” rating 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 assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $375.31.

Home Depot Company 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.