The Home Depot, Inc. $HD Stock: Fishman Jay A Ltd. MI Decreases Position

Fishman Jay A Ltd. MI lessened its stake in The Home Depot, Inc. (NYSE:HD) by 5.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,852 shares of the home improvement retailer’s stock after selling 2,445 shares during the period. Home Depot comprises about 1.1% of Fishman Jay A Ltd. MI’s holdings, making the stock its 23rd largest holding. Fishman Jay A Ltd. MI’s holdings in Home Depot were worth $13,329,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. bought a new position in Home Depot during the 2nd quarter worth approximately $28,771,247,000. State Street Corp lifted its position 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 purchasing an additional 499,168 shares during the last quarter. Bank of America Corp DE bought a new stake in Home Depot in the second quarter valued at approximately $5,780,468,000. Bank of New York Mellon Corp bought a new stake in Home Depot in the second quarter valued at approximately $2,777,396,000. Finally, Amundi boosted its stake in shares of Home Depot by 26.4% during the second quarter. Amundi now owns 7,339,614 shares of the home improvement retailer’s stock valued at $2,588,535,000 after purchasing an additional 1,533,276 shares during the period. Institutional investors own 70.86% of the company’s stock.

More Home Depot News

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

• Positive Sentiment: Dividend appeal remains a support. Home Depot’s dividend yield of roughly 2.84% exceeds the S&P 500’s average, and the company has increased its payout for more than a decade. Coverage highlights the dividend’s substantial long-term growth and examines whether the payout remains secure. Home Depot dividend safety article
• Positive Sentiment: Institutional demand provided a modest positive signal. Home Depot attracted approximately $62.1 million in net exchange-traded-fund buying, indicating some continued portfolio demand for HD shares. Home Depot ETF buying article
• Neutral Sentiment: Peer comparisons offer context but no clear catalyst. Q2 benchmarking coverage compares Home Depot’s performance with other home-furnishing and improvement retailers, helping investors assess relative resilience as the sector completes its earnings season. Home improvement retail Q2 benchmarking article
• Negative Sentiment: High mortgage rates remain the main pressure. Expensive financing is making homes less affordable and discouraging existing homeowners with low-rate mortgages from moving. That reduces housing turnover and can delay renovation projects, creating a challenging demand environment for Home Depot. Housing stocks and mortgage rates article
• Negative Sentiment: Dividend growth has slowed. Although Home Depot’s long-term dividend record is strong, the latest increases are described as more modest, reflecting pressure on housing-related demand and free cash flow. This may limit the stock’s income-growth appeal in the near term. Home Depot dividend growth article

Insider Transactions at Home Depot

In other news, CFO Richard McPhail sold 5,989 shares of the 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 completion of the transaction, the chief financial officer owned 48,104 shares of the company’s stock, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Rowe sold 710 shares of the firm’s stock in a transaction that occurred on 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 approximately $2,302,764.88. The trade was a 9.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,829 shares of company stock worth $3,339,314 over the last quarter. Insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HD shares. Wells Fargo & Company raised 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. Truist Financial lifted their target price on shares of Home Depot from $369.00 to $373.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Jefferies Financial Group reiterated a “buy” rating and set a $398.00 price target on shares of Home Depot in a report on Tuesday, August 18th. Mizuho increased their price target on shares of Home Depot from $385.00 to $390.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Finally, TD Cowen reissued a “buy” rating on shares of Home Depot in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $375.31.

Home Depot Stock Down 0.2%

Shares of HD opened at $318.82 on Wednesday. The Home Depot, Inc. has a 1-year low of $277.15 and a 1-year high of $397.63. The firm’s 50-day moving average price is $309.27 and its 200-day moving average price is $335.58.

Home Depot (NYSE:HD) last released its quarterly earnings results 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 company had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same period in the previous year, the company earned $4.68 earnings per share. 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. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were issued 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 dividend yield of 2.9%.

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.