The Home Depot, Inc. $HD Shares Purchased by Verity & Verity LLC

Verity & Verity LLC boosted its position in The Home Depot, Inc. (NYSE:HD) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,474 shares of the home improvement retailer’s stock after purchasing an additional 1,861 shares during the quarter. Verity & Verity LLC’s holdings in Home Depot were worth $9,110,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HD. Norges Bank acquired a new position in Home Depot in the 4th quarter valued at $4,850,329,000. Wellington Management Group LLP raised its stake in 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 valued at $4,109,878,000 after purchasing an additional 3,836,051 shares during the last quarter. Vanguard Group Inc. raised its stake in 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 during the last quarter. Franklin Resources Inc. raised its stake in 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 valued at $1,542,278,000 after purchasing an additional 1,040,577 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Home Depot by 215.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,248,615 shares of the home improvement retailer’s stock valued at $429,648,000 after purchasing an additional 852,719 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HD has been the subject of several recent research reports. Jefferies Financial Group reduced their price objective on Home Depot from $454.00 to $361.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Wolfe Research reissued an “outperform” rating and issued a $365.00 price objective on shares of Home Depot in a research note on Tuesday, May 19th. Evercore reduced their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Weiss Ratings downgraded Home Depot from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Finally, UBS Group cut their target price on Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $371.39.

Home Depot Stock Performance

NYSE HD opened at $317.41 on Friday. The stock has a market cap of $316.49 billion, a PE ratio of 22.54, a P/E/G ratio of 3.66 and a beta of 1.00. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The stock has a fifty day simple moving average of $324.70 and a 200-day simple moving average of $349.76.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. The business had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The company’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.02 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be issued a dividend of $2.33 per share. The ex-dividend date is Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.9%. Home Depot’s dividend payout ratio is currently 66.19%.

Insider Buying and Selling at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following the completion of the transaction, the chief financial officer directly owned 44,566 shares in the company, valued at approximately $16,439,951.74. This represents a 5.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.08% 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 is expanding in-store services by partnering with KeyMe Locksmiths to offer on-site car key duplication at select stores, a move that could increase customer traffic and deepen relationships beyond traditional home improvement sales. Home Depot Tests On Site Car Key Service To Deepen Store Relationships
• Neutral Sentiment: Home Depot was included in a broad “top home improvement stocks” roundup, which is more of a market-watch list than a company-specific catalyst. Top Home Improvement Stocks To Follow Today – May 28th
• Negative Sentiment: Zacks Research trimmed several future earnings estimates for Home Depot, including FY2027, FY2028 and FY2029, and also lowered multiple quarterly forecasts while keeping a Hold rating. Lower profit expectations can weigh on the stock. Zacks Research estimate revisions for Home Depot
• Negative Sentiment: Jim Cramer described Home Depot as one of the market’s “legitimate disappointments,” pointing to the pressure from rising interest rates on housing and home-improvement spending. That commentary may reinforce investor caution around HD’s near-term demand outlook. Jim Cramer on Home Depot: “I Was Honestly Bracing for the Worst Here”

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.