4,750 The Home Depot, Inc. $HD Shares Acquired by Conning Inc.

Conning Inc. increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 4.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 124,602 shares of the home improvement retailer’s stock after acquiring an additional 4,750 shares during the quarter. Conning Inc.’s holdings in Home Depot were worth $35,448,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Home Depot during the second quarter worth about $28,771,247,000. State Street Corp raised its stake in Home Depot by 1.1% during the second quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer’s stock worth $16,637,688,000 after purchasing an additional 499,168 shares during the period. Bank of America Corp DE acquired a new position in Home Depot in the 2nd quarter valued at about $5,780,468,000. Bank of New York Mellon Corp acquired a new position in Home Depot in the 2nd quarter valued at about $2,777,396,000. Finally, Corient Private Wealth LP acquired a new position in Home Depot in the 2nd quarter valued at about $390,913,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

HD has been the subject of several analyst reports. UBS Group reissued a “buy” rating on shares of Home Depot in a research note on Thursday, September 17th. Truist Financial lifted their price target on shares of Home Depot from $369.00 to $373.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Wells Fargo & Company lifted their price target on shares of Home Depot from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Argus reiterated a “buy” rating and issued a $400.00 price objective on shares of Home Depot in a report on Wednesday, August 19th. Finally, Guggenheim reiterated a “buy” rating and issued a $425.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.31.

Home Depot Stock Down 0.3%

Shares of NYSE:HD opened at $317.45 on Thursday. The company has a market capitalization of $316.72 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 2.27 and a beta of 1.00. The Home Depot, Inc. has a 12-month low of $277.15 and a 12-month high of $397.63. The business has a 50-day moving average price of $308.86 and a 200 day moving average price of $335.37. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, beating analysts’ consensus estimates of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The company had revenue of $47.86 billion for the quarter, compared to analysts’ expectations of $47.24 billion. During the same quarter in the prior year, the company posted $4.68 earnings per share. Home Depot’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. Sell-side analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were paid a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot’s payout ratio is 65.22%.

Insider Activity at Home Depot

In related news, CAO Kimberly R. Scardino sold 675 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer owned 8,189 shares of the company’s stock, valued at approximately $2,505,424.55. This trade represents a 7.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael F. Rowe sold 710 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total transaction of $239,099.60. Following the transaction, the executive vice president directly owned 6,838 shares of the company’s stock, valued at $2,302,764.88. The trade was a 9.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,829 shares of company stock valued at $3,339,314 over the last 90 days. Insiders own 0.08% of the company’s stock.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Home Depot’s dominant home-improvement market position, investments aimed at professional contractors and continued digital sales growth are cited as key advantages versus Lowe’s and Target. These initiatives could support market-share gains and longer-term revenue growth. Home Depot vs. Lowe’s: Which Retail Giant Is Worth Betting On?
• Positive Sentiment: The company is evaluating agentic artificial intelligence and has adopted technology more aggressively than many traditional home-improvement retailers. AI-based shopping tools could improve customer service, though the company is considering identity verification for AI agents before they transact. Home Depot Stock Notches Up as It Considers the Future of Agentic AI
• Neutral Sentiment: Analysts expect the retailer’s next quarterly report to show single-digit earnings growth. The company’s latest reported quarter already exceeded consensus estimates for both earnings and revenue, while fiscal 2026 guidance remains in place.
• Neutral Sentiment: Relative to Target, Home Depot offers focused exposure to home improvement and professional projects, while Target provides broader exposure to household essentials and discretionary merchandise. The comparison does not establish a clear near-term catalyst for HD. Home Depot vs. Target: Which Consumer Stock Is a Better Buy in 2026?
• Negative Sentiment: Several analyses question whether Home Depot’s valuation fully reflects its expected cash flows after a roughly 20% three-year share-price gain. Comparisons also highlight Lowe’s lower valuation, creating concern that investors may be paying a premium for HD’s growth initiatives. Home Depot Stock Looks Overvalued After Its Three-Year Run

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.