3,834 The Home Depot, Inc. $HD Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in The Home Depot, Inc. (NYSE:HD) by 1.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 392,274 shares of the home improvement retailer’s stock after purchasing an additional 3,834 shares during the period. Home Depot accounts for about 0.7% of Sumitomo Mitsui DS Asset Management Company Ltd’s holdings, making the stock its 25th biggest holding. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Home Depot were worth $111,598,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Home Depot during the second quarter worth approximately $28,771,247,000. State Street Corp lifted its stake in Home Depot by 1.1% in the second quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer’s stock valued at $16,637,688,000 after buying an additional 499,168 shares during the last quarter. Bank of America Corp DE purchased a new stake in Home Depot in the second quarter valued at approximately $5,780,468,000. Bank of New York Mellon Corp acquired a new stake in shares of Home Depot in the second quarter valued at approximately $2,777,396,000. Finally, Corient Private Wealth LP acquired a new stake in shares of Home Depot in the second quarter valued at approximately $390,913,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

Shares of HD opened at $309.86 on Tuesday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. The stock has a market capitalization of $309.14 billion, a P/E ratio of 21.68, a P/E/G ratio of 2.20 and a beta of 1.00. The company’s fifty day moving average is $311.71 and its two-hundred day moving average is $324.03. The Home Depot, Inc. has a 1 year low of $277.15 and a 1 year high of $397.63.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the prior year, the firm earned $4.68 EPS. Home Depot’s quarterly revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were paid a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Thursday, September 3rd. Home Depot’s payout ratio is 65.22%.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Home Depot’s growth rate has improved in recent quarters, supporting optimism ahead of its third-quarter earnings release expected on November 17. A stronger update could reinforce the recent bullish narrative. Should You Buy Home Depot Stock Before Nov. 17?
• Positive Sentiment: Management’s emphasis is increasingly centered on professional trade customers, a potentially attractive growth area because contractors typically generate larger and more recurring purchases. This focus is presented as a key competitive advantage versus Amazon in the home-improvement market. Amazon vs. Home Depot: Which Consumer Stock Is a Better Buy in 2026?
• Positive Sentiment: Home Depot trades at approximately 21.6 times earnings, below the S&P 500’s roughly 22.9 multiple. Investors may view that relative valuation as reasonable if earnings momentum continues. What Changed In Home Depot’s Story?
• Neutral Sentiment: Recent coverage highlights a shift in management’s priorities from global supply-chain diversification toward other strategic initiatives, but does not identify a specific new catalyst or material change to financial guidance. What Changed In Home Depot’s Story?
• Neutral Sentiment: Dividend comparisons with Lowe’s frame Home Depot as the higher-current-income option, while Lowe’s may offer faster dividend growth. The choice is particularly relevant while housing activity remains constrained. Home Depot vs. Lowe’s: Higher Yield or Faster Dividend Growth?
• Negative Sentiment: Home Depot remains exposed to sluggish housing turnover and elevated valuation sensitivity. Investors will likely look to November earnings for evidence that improving growth can overcome those macroeconomic pressures.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on HD shares. Truist Financial raised their target price on shares of Home Depot from $369.00 to $373.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Sanford C. Bernstein reduced their price target on shares of Home Depot from $354.00 to $344.00 and set a “market perform” rating for the company in a research report on Wednesday, September 9th. Argus reiterated a “buy” rating and set a $400.00 price target on shares of Home Depot in a research note on Wednesday, August 19th. Wolfe Research cut shares of Home Depot from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 23rd. Finally, Jefferies Financial Group reissued a “buy” rating and set a $398.00 price objective on shares of Home Depot in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.93.

Insider Activity

In related news, EVP Teresa Roseborough sold 2,455 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $328.77, for a total value of $807,130.35. Following the completion of the sale, the executive vice president owned 14,061 shares in the company, valued at $4,622,834.97. This trade represents a 14.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard V. Mcphail sold 5,989 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total value of $2,086,567.60. Following the transaction, the chief financial officer owned 48,104 shares in the company, valued at $16,759,433.60. The trade was a 11.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 9,829 shares of company stock valued at $3,339,314. 0.08% of the stock is owned by insiders.

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.