61,726 Shares of The Home Depot, Inc. $HD Purchased by Americana Partners LLC

Americana Partners LLC bought a new position in shares of The Home Depot, Inc. (NYSE:HD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 61,726 shares of the home improvement retailer’s stock, valued at approximately $17,560,000.

Several other hedge funds have also recently modified their holdings of HD. Bank of Nova Scotia bought a new stake in shares of Home Depot in the second quarter worth $118,723,000. AFT Forsyth & Company Inc. acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $1,896,000. Field & Main Bank acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $6,286,000. State Street Corp lifted 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 last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in Home Depot by 9.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 49,096 shares of the home improvement retailer’s stock worth $17,315,000 after purchasing an additional 4,292 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the topic of a number of research reports. Wells Fargo & Company increased their target price on shares of Home Depot from $360.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. Melius Research set a $397.00 target price on Home Depot in a report on Tuesday, October 6th. Stifel Nicolaus dropped their price target on Home Depot from $346.00 to $322.00 and set a “hold” rating on the stock in a research report on Monday. UBS Group reissued a “buy” rating on shares of Home Depot in a report on Thursday, September 17th. Finally, Jefferies Financial Group restated a “buy” rating and set a $398.00 price objective on shares of Home Depot in a research note on Tuesday, August 18th. 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $375.31.

Insider Buying and Selling at Home Depot

In other news, CAO Kimberly Scardino sold 675 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $305.95, for a total value of $206,516.25. Following the sale, the chief accounting officer directly owned 8,189 shares in the company, valued at approximately $2,505,424.55. This represents a 7.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Teresa Roseborough sold 2,455 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $328.77, for a total value of $807,130.35. Following the transaction, 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 SEC filing for this sale provides additional information. Insiders have sold 9,829 shares of company stock worth $3,339,314 in the last three months. 0.08% of the stock is currently owned by company insiders.

Home Depot Stock Performance

HD opened at $329.31 on Friday. The stock has a market cap of $328.55 billion, a PE ratio of 22.21, a P/E/G ratio of 2.34 and a beta of 1.00. The Home Depot, Inc. has a 1 year low of $277.15 and a 1 year high of $397.63. The stock’s 50 day simple moving average is $308.45 and its 200-day simple moving average is $334.91. 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 announced its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same quarter in the previous year, the firm posted $4.68 EPS. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

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

Key Headlines Impacting Home Depot

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

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.