Wellington Management Group LLP Sells 1,950,265 Shares of The Home Depot, Inc. $HD

Wellington Management Group LLP decreased its position in The Home Depot, Inc. (NYSE:HD) by 20.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,686,643 shares of the home improvement retailer’s stock after selling 1,950,265 shares during the quarter. Wellington Management Group LLP owned 0.77% of Home Depot worth $2,710,925,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its position in Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after buying an additional 7,203 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in Home Depot by 7.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after acquiring an additional 173 shares in the last quarter. Schnieders Capital Management LLC. boosted its position in Home Depot by 14.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock worth $4,248,000 after acquiring an additional 1,433 shares during the last quarter. Darwin Wealth Management LLC bought a new position in shares of Home Depot during the 2nd quarter worth approximately $1,773,000. Finally, Financial Advisors Network Inc. grew its stake in shares of Home Depot by 11.3% during the 2nd quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer’s stock worth $868,000 after acquiring an additional 241 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Home Depot

In related news, 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 transaction of $2,086,567.60. Following the transaction, the chief financial officer directly owned 48,104 shares of the company’s stock, valued at approximately $16,759,433.60. The trade was a 11.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael F. Rowe sold 710 shares of the stock in a transaction 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 sale, the executive vice president owned 6,838 shares in the company, valued at approximately $2,302,764.88. This trade represents a 9.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,154 shares of company stock worth $3,132,798 over the last 90 days. Company insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Wall Street Zen raised shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Weiss Ratings raised shares of Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 7th. DA Davidson reiterated a “buy” rating and issued a $377.00 price target on shares of Home Depot in a research note on Wednesday, August 19th. Truist Financial boosted their price target 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. Finally, UBS Group reduced their price objective on shares of Home Depot from $430.00 to $420.00 and set a “buy” rating for the company in a research note on Wednesday, August 19th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $375.54.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Home Depot’s AI-powered Magic Apron tools are now available across U.S. stores, providing localized product search and project assistance. The technology could improve customer engagement and support the company’s professional-customer growth strategy. Home Depot Could Be 15% Undervalued On Its Pro Growth Narrative
• Positive Sentiment: Zacks Research modestly raised its fiscal 2027 EPS forecast for HD to $15.03 from $14.95, while analysts continue to project earnings growth through fiscal 2029. The company also recently exceeded quarterly EPS and revenue expectations, offering some fundamental support. Home Depot Faces Weak DIY Demand
• Positive Sentiment: A regional competitor, Earl May, reportedly plans to close roughly one-quarter of its stores. While the impact is likely limited, store closures could reduce competition in some local markets. Earl May Closing Stores

Home Depot Stock Performance

Shares of HD opened at $318.63 on Thursday. The company has a market cap of $317.89 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 3.52 and a beta of 0.95. The firm has a 50-day moving average of $340.43 and a 200-day moving average of $337.03. The Home Depot, Inc. has a one year low of $289.10 and a one year high of $426.75. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $47.24 billion. During the same period in the prior year, the firm earned $4.68 EPS. Home Depot’s quarterly revenue was up 5.7% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts forecast that The Home Depot, Inc. will post 15 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be paid a $2.33 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $9.32 annualized dividend and a yield of 2.9%. Home Depot’s dividend payout ratio is currently 65.22%.

Home Depot 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.