Hartford Financial Management Inc. Has $3.08 Million Holdings in The Home Depot, Inc. $HD

Hartford Financial Management Inc. cut its holdings in The Home Depot, Inc. (NYSE:HD) by 44.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,743 shares of the home improvement retailer’s stock after selling 7,116 shares during the period. Hartford Financial Management Inc.’s holdings in Home Depot were worth $3,083,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HD. Nan Fung Trinity HK Ltd. lifted its position in shares of Home Depot by 37.4% in the second quarter. Nan Fung Trinity HK Ltd. now owns 99,919 shares of the home improvement retailer’s stock worth $35,239,000 after buying an additional 27,200 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Home Depot by 1.3% during the 2nd quarter. Signaturefd LLC now owns 48,550 shares of the home improvement retailer’s stock valued at $17,123,000 after acquiring an additional 631 shares during the last quarter. Rare Wolf Capital LLC raised its stake in shares of Home Depot by 3.9% in the 2nd quarter. Rare Wolf Capital LLC now owns 1,219 shares of the home improvement retailer’s stock valued at $430,000 after acquiring an additional 46 shares in the last quarter. Crewe Advisors LLC raised its stake in shares of Home Depot by 9.5% in the 2nd quarter. Crewe Advisors LLC now owns 2,187 shares of the home improvement retailer’s stock valued at $771,000 after acquiring an additional 189 shares in the last quarter. Finally, Griffin Asset Management Inc. lifted its holdings in Home Depot by 5.1% in the 2nd quarter. Griffin Asset Management Inc. now owns 45,298 shares of the home improvement retailer’s stock worth $15,976,000 after purchasing an additional 2,216 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Home Depot reported fiscal Q2 adjusted EPS of $4.92, above the $4.73 consensus estimate, while revenue rose 5.7% year over year to $47.86 billion, exceeding expectations of approximately $47.24 billion. Home Depot reaffirms guidance amid frozen housing market conditions
• Positive Sentiment: Comparable sales increased 1.7% globally and 1.3% in the U.S.—the company’s strongest comparable-sales performance since 2022—as customers continued smaller repair and maintenance projects despite high mortgage rates and housing costs. Average ticket rose 2.8%, helping offset a 1.0% decline in comparable transactions. Home Depot beats quarterly sales estimates on steady repair demand
• Positive Sentiment: The nationwide rollout of Express Delivery, using more than 2,000 U.S. stores as fulfillment hubs for delivery in three hours or less, could support online sales, customer retention and Pro-customer demand. The Home Depot expands nationwide express delivery
• Neutral Sentiment: Management reaffirmed fiscal 2026 guidance for roughly 2.5%–4.5% sales growth, flat to 2.0% comparable-sales growth and EPS of $14.690–$15.278. Maintaining the outlook provides stability, but the lack of an increase suggests a housing recovery has not yet materialized.
• Negative Sentiment: Executives described housing conditions as “frozen.” Customers are avoiding large renovations, while weak housing starts and elevated Treasury yields remain headwinds for discretionary projects and valuation. The CEO’s recently announced medical leave adds a separate near-term leadership uncertainty. Home Depot tops earnings estimates amid frozen housing market

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HD. Robert W. Baird decreased their target price on Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Bank of America assumed coverage on shares of Home Depot in a research note on Tuesday, May 5th. They issued a “buy” rating and a $374.00 price objective for the company. TD Cowen reaffirmed a “buy” rating on shares of Home Depot in a report on Monday, August 10th. Evercore decreased their price objective on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Finally, Stifel Nicolaus raised their target price on shares of Home Depot from $320.00 to $340.00 and gave the company a “hold” rating in a research note on Monday. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $375.25.

Home Depot Price Performance

Shares of HD stock opened at $338.10 on Wednesday. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The company has a market capitalization of $337.12 billion, a P/E ratio of 24.01, a P/E/G ratio of 4.08 and a beta of 0.95. The stock has a 50 day moving average of $340.08 and a two-hundred day moving average of $340.97. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last released 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 business had revenue of $47.86 billion for the quarter, compared to analysts’ expectations of $47.24 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.Home Depot’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $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 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued 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, June 4th. Home Depot’s payout ratio is 66.19%.

About Home Depot

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.