Northwestern Mutual Wealth Management Co. Has $118.54 Million Stock Holdings in The Home Depot, Inc. $HD

Northwestern Mutual Wealth Management Co. raised its stake in The Home Depot, Inc. (NYSE:HD) by 5.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 336,110 shares of the home improvement retailer’s stock after purchasing an additional 18,005 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Home Depot were worth $118,539,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Bank of Nova Scotia bought a new stake in Home Depot in the 2nd quarter valued at $118,723,000. Gator Capital Management LLC bought a new stake in shares of Home Depot in the fourth quarter valued at about $3,693,000. AFT Forsyth & Company Inc. bought a new position in Home Depot during the second quarter worth about $1,896,000. Field & Main Bank bought a new position in shares of Home Depot during the second quarter worth approximately $6,286,000. Finally, King Luther Capital Management Corp boosted its stake in shares of Home Depot by 0.6% in the fourth quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer’s stock valued at $426,848,000 after buying an additional 7,180 shares during the period. 70.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HD shares. Citigroup lowered their price objective on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Argus reissued a “buy” rating and set a $400.00 target price on shares of Home Depot in a report on Wednesday, August 19th. Telsey Advisory Group dropped their price target on Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Royal Bank Of Canada cut their price objective on shares of Home Depot from $343.00 to $342.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 19th. Finally, DA Davidson reissued a “buy” rating and issued a $377.00 target price on shares of Home Depot in a report on Wednesday, August 19th. Eighteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $375.54.

Key Home Depot News

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

• Positive Sentiment: Home Depot’s professional-customer growth and technology investments could support a recovery. The company has expanded its AI-powered Magic Apron tools across U.S. stores, while one analysis argues the stock may be about 15% undervalued if its Pro business gains momentum. Home Depot Could Be 15% Undervalued on Its Pro Growth Narrative
• Neutral Sentiment: Zacks Research raised its fiscal 2027 EPS forecast slightly to $15.03 from $14.95, broadly matching the current consensus estimate of $15.00. However, this isolated increase was accompanied by several reductions to later quarterly and annual forecasts. Home Depot Analyst Estimates
• Neutral Sentiment: Recent operating results remain a support for the shares: Home Depot exceeded quarterly earnings and revenue expectations, with revenue up 5.7% year over year. The key concern is whether that growth can accelerate amid a weak housing environment.
• Negative Sentiment: Mortgage rates have reached a one-year high following a global bond sell-off. Higher borrowing costs can discourage home purchases, renovations and moves, limiting demand for big-ticket projects at Home Depot and Lowe’s. Mortgage Rates Just Hit a One-Year High
• Negative Sentiment: Homeowners remain locked into older, cheaper mortgages, and the probability of moving within 12 months has fallen to a record-low 13.5%. Home Depot reportedly sees “no sign” of a housing turnaround, pressuring near-term sales prospects. Americans Stop Moving as Mortgage Lock-In Persists
• Negative Sentiment: Analysts have cut multiple future EPS estimates, including fiscal 2028 EPS to $16.05 from $16.23 and fiscal 2029 EPS to $17.41 from $17.62. The revisions suggest slower expected growth and weigh on valuation. The Gap Between HD Stock and Its Own Numbers
• Negative Sentiment: Comparisons with Costco and Lowe’s highlight concerns about Home Depot’s relative performance, dividend coverage and competitive position. Bearish options activity, including a proposed bear put spread, further reflects expectations that the stock could remain under pressure. Home Depot Bear Put Spread Could Return 181 Percent

Home Depot Trading Down 0.2%

HD opened at $317.79 on Friday. The company has a market cap of $317.06 billion, a P/E ratio of 22.24, a PEG ratio of 3.51 and a beta of 0.95. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The company’s 50 day moving average is $339.90 and its 200-day moving average is $336.51. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75.

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, topping analysts’ consensus estimates of $4.73 by $0.19. The business had revenue of $47.86 billion during the quarter, compared to analysts’ expectations of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts predict that The Home Depot, Inc. will post 15 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be 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 is Thursday, September 3rd. Home Depot’s dividend payout ratio is presently 65.22%.

Insider Buying and Selling

In related news, EVP Teresa Roseborough sold 2,455 shares of the business’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $328.77, for a total transaction of $807,130.35. Following the sale, the executive vice president owned 14,061 shares in the company, valued at $4,622,834.97. The trade was a 14.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael Rowe sold 710 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total value of $239,099.60. Following the completion of the transaction, the executive vice president owned 6,838 shares of the company’s stock, valued at $2,302,764.88. This represents a 9.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 9,154 shares of company stock worth $3,132,798 in the last 90 days. Insiders own 0.08% of the company’s stock.

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.