Allspring Global Investments Holdings LLC Has $151.76 Million Stake in The Home Depot, Inc. $HD

Allspring Global Investments Holdings LLC reduced its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 460,508 shares of the home improvement retailer’s stock after selling 11,598 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Home Depot were worth $151,765,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HD. One Day In July LLC boosted its stake in shares of Home Depot by 11.8% in the 1st quarter. One Day In July LLC now owns 721 shares of the home improvement retailer’s stock valued at $237,000 after purchasing an additional 76 shares during the last quarter. Thayer Partners LLC MA grew its holdings in Home Depot by 1.3% during the 1st quarter. Thayer Partners LLC MA now owns 3,833 shares of the home improvement retailer’s stock worth $1,261,000 after acquiring an additional 48 shares during the period. Independent Financial Group LLC bought a new stake in shares of Home Depot during the 1st quarter valued at $6,335,000. Smart Money Group LLC raised its position in shares of Home Depot by 10.0% during the 1st quarter. Smart Money Group LLC now owns 3,594 shares of the home improvement retailer’s stock valued at $1,182,000 after acquiring an additional 328 shares during the last quarter. Finally, Frazier Financial Advisors LLC lifted its stake in shares of Home Depot by 4.7% in the 1st quarter. Frazier Financial Advisors LLC now owns 1,555 shares of the home improvement retailer’s stock valued at $511,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Trending Headlines about Home Depot

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

• Positive Sentiment: Home Depot launched its 2026 Halloween collection, including the return of its popular 12 FT SKELLY with upgraded interactive features. Seasonal merchandise can drive store and online traffic and support near-term sales sentiment. THE HOME DEPOT DEBUTS 2026 HALLOWEEN COLLECTION WITH NEW GIANTS, INTERACTIVE TECH AND FAN FAVORITE RETURNS
• Positive Sentiment: Market coverage noted that HD has been trading higher than the broader market, reinforcing the view that investors are rotating back into the name. Home Depot (HD) Rises Higher Than Market: Key Facts
• Positive Sentiment: Dividend-focused articles highlighted Home Depot as one of several large-cap stocks with ongoing dividend growth, which can appeal to income investors looking for reliable shareholder returns. 3 Dividend Stocks to Buy for Growing Income in July
• Neutral Sentiment: Several media roundups listed Home Depot among home improvement stocks to watch, but these were broad watchlist pieces without new company-specific catalysts. Top Home Improvement Stocks To Watch Now – July 13th
• Neutral Sentiment: One article said HD underperformed some competitors even as it posted daily gains, suggesting the stock may be rising, but not as strongly as peers. Home Depot Inc. stock underperforms Wednesday when compared to competitors despite daily gains
• Negative Sentiment: A Trefis note argued that Home Depot has returned substantial cash to shareholders while the stock has gone nowhere, which may temper enthusiasm by highlighting limited share-price momentum. LOW Paid Holders $47 Bil While The Stock Went Nowhere

Home Depot Price Performance

NYSE HD opened at $347.61 on Friday. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The firm’s 50 day moving average is $326.52 and its 200-day moving average is $345.28. The company has a market capitalization of $346.61 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 3.94 and a beta of 0.95. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The firm had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. During the same period in the previous year, the business earned $3.56 EPS. The company’s revenue was up 4.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a $2.33 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. Home Depot’s payout ratio is currently 66.19%.

Wall Street Analyst Weigh In

HD has been the topic of several recent research reports. Robert W. Baird reduced their price target on Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Morgan Stanley cut their target price on Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. HSBC reduced their target price on Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a report on Wednesday, May 20th. Jefferies Financial Group decreased their target price on Home Depot from $361.00 to $360.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. Finally, Royal Bank Of Canada cut their price target on shares of Home Depot from $377.00 to $340.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $371.71.

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.