The Home Depot, Inc. $HD Shares Sold by Pitcairn Co.

Pitcairn Co. trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 18.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,780 shares of the home improvement retailer’s stock after selling 1,768 shares during the period. Pitcairn Co.’s holdings in Home Depot were worth $3,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in HD. Silphium Asset Management Ltd increased its position in Home Depot by 77.2% during the third quarter. Silphium Asset Management Ltd now owns 13,544 shares of the home improvement retailer’s stock worth $5,488,000 after buying an additional 5,900 shares during the period. West Family Investments Inc. boosted its holdings in shares of Home Depot by 65.6% in the second quarter. West Family Investments Inc. now owns 3,630 shares of the home improvement retailer’s stock valued at $1,331,000 after acquiring an additional 1,438 shares during the period. Truist Financial Corp grew its position in shares of Home Depot by 0.3% during the third quarter. Truist Financial Corp now owns 1,095,113 shares of the home improvement retailer’s stock worth $443,729,000 after acquiring an additional 3,608 shares during the last quarter. Asset Management One Co. Ltd. grew its position in shares of Home Depot by 2.3% during the third quarter. Asset Management One Co. Ltd. now owns 534,564 shares of the home improvement retailer’s stock worth $216,600,000 after acquiring an additional 12,239 shares during the last quarter. Finally, Atlantic Union Bankshares Corp increased its holdings in shares of Home Depot by 59.9% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 107,438 shares of the home improvement retailer’s stock valued at $43,533,000 after acquiring an additional 40,232 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In related news, CFO Richard V. Mcphail sold 2,550 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total transaction of $940,669.50. Following the sale, the chief financial officer owned 44,566 shares of the company’s stock, valued at approximately $16,439,951.74. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ann Marie Campbell sold 145 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $358.26, for a total transaction of $51,947.70. Following the transaction, the executive vice president owned 12,320 shares in the company, valued at $4,413,763.20. The trade was a 1.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 7,513 shares of company stock valued at $2,689,515. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HD. Wells Fargo & Company increased their price target on shares of Home Depot from $395.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Zacks Research upgraded shares of Home Depot from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Home Depot in a research report on Monday, December 29th. Royal Bank Of Canada upped their price objective on Home Depot from $363.00 to $377.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 25th. Finally, Truist Financial set a $424.00 target price on Home Depot in a research note on Tuesday, February 24th. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $416.00.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Launched industry-first real-time delivery tracking for big & bulky materials aimed at Pro customers — improves job-site planning, could boost Pro retention and fulfillment efficiency. The Home Depot Boosts Pro Productivity (PR Newswire)
• Positive Sentiment: Company guidance and analyst coverage expect stronger fiscal‑2026 second‑half comparable-store sales as storm-driven comps ease and recent Pro investments plus SRS/GMS integration begin contributing — supports better H2 revenue trajectory. Why Home Depot Expects Second Half Comps to Outperform First Half (Yahoo)
• Positive Sentiment: Analyst/retail commentary continues to flag Home Depot’s stable cash flows and dividend profile, reinforcing its appeal as a long‑term, income-oriented holding despite near‑term volatility. Home Depot Is a Classic “Boomer Stock” (Motley Fool)
• Neutral Sentiment: Industry pieces note Home Depot and Lowe’s both investing in AI (Home Depot’s Magic Apron, Pro Xtra) — strategic for customer experience but benefits will play out over time and aren’t an immediate earnings catalyst. Home Depot vs. Lowe’s: Both Retail Giants Are Tapping AI (Motley Fool)
• Negative Sentiment: Insider selling: CFO Richard McPhail sold 2,550 shares (~$940.7K) and reduced his stake by ~5.4% — an event investors often view negatively as a near‑term signal even though it may be routine diversification. SEC Filing: Form 4 (Insider Sale)
• Negative Sentiment: Some market commentary (TipRanks) suggests Home Depot’s recent initiatives or small tactical advantages have provided limited lift to the stock — highlighting investor concerns about near‑term growth and the stock’s multi‑year underperformance vs. the S&P. Unexpected New Advantage Proves Little Help for Home Depot Stock (TipRanks)

Home Depot Price Performance

Shares of HD opened at $361.59 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62. The stock’s 50 day moving average is $373.41 and its two-hundred day moving average is $379.06. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $426.75. The firm has a market capitalization of $359.97 billion, a PE ratio of 25.41, a P/E/G ratio of 13.26 and a beta of 1.09.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, beating the consensus estimate of $2.52 by $0.20. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The business had revenue of $38.20 billion during the quarter, compared to analysts’ expectations of $38.01 billion. During the same period last year, the firm earned $3.13 EPS. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, March 12th. This is an increase from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s payout ratio is presently 64.65%.

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.