State Street Corp Buys 499,168 Shares of The Home Depot, Inc. $HD

State Street Corp lifted its stake in The Home Depot, Inc. (NYSE:HD) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 47,175,026 shares of the home improvement retailer’s stock after purchasing an additional 499,168 shares during the quarter. State Street Corp’s holdings in Home Depot were worth $16,637,688,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Bank of Nova Scotia purchased a new position in Home Depot in the 2nd quarter worth about $118,723,000. Gator Capital Management LLC purchased a new stake in Home Depot in the 4th quarter valued at about $3,693,000. AFT Forsyth & Company Inc. bought a new position in Home Depot in the 2nd quarter worth about $1,896,000. Field & Main Bank bought a new position in Home Depot in the 2nd quarter worth about $6,286,000. Finally, King Luther Capital Management Corp increased its position in shares of Home Depot by 0.6% during the fourth quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer’s stock worth $426,848,000 after acquiring an additional 7,180 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 2.1%

HD traded up $6.17 during trading on Tuesday, hitting $303.37. The stock had a trading volume of 2,356,738 shares, compared to its average volume of 4,338,871. The company has a market capitalization of $302.67 billion, a PE ratio of 21.27, a PEG ratio of 3.30 and a beta of 0.95. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $413.73. 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 50 day simple moving average of $330.51 and a two-hundred day simple moving average of $330.55.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, topping the consensus estimate of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The business had revenue of $47.86 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter last year, the company earned $4.68 earnings per share. The company’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, research analysts predict that The Home Depot, Inc. will post 15 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot’s payout ratio is currently 65.22%.

Key Headlines Impacting Home Depot

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

• Positive Sentiment: Home Depot’s investments in its Pro business appear to be gaining traction. Improved delivery capabilities, a broader product catalog and positive Pro comparable sales may help the retailer win larger and more complex projects, supporting longer-term revenue growth. Is Home Depot Winning Bigger Projects Through Pro Investments?
• Positive Sentiment: August consumer demand reportedly increased 7.9% year over year despite weakness in retail stocks. Analysts cited Home Depot, Walmart and Amazon as retailers that could benefit if spending remains resilient. 3 Retail Dips Backed by Rising Consumer Demand
• Neutral Sentiment: Home Depot co-founder Ken Langone’s bullish comments primarily focused on his Eli Lilly investment, offering limited new information about HD’s operating outlook or valuation. His Bet On Home Depot Made Ken Langone A Billionaire
• Negative Sentiment: Home Depot’s CFO reportedly warned that the U.S. housing market is effectively “frozen,” with a key housing metric at a historic low. Weak home turnover can reduce remodeling activity and demand for big-ticket projects. Home Depot CFO issues chilling alarm over frozen US housing market
• Negative Sentiment: Home-improvement and other discretionary retailers face a tougher backdrop than consumer staples in 2026, while tariffs, higher fuel costs and elevated interest rates are pressuring business costs and potentially household spending. Staples ETF Widens Gap Over Discretionary in 2026 Tariffs, fuel costs, and rising rates squeeze U.S. manufacturers
• Negative Sentiment: Erste Group Bank lowered its FY2028 earnings-per-share forecast for HD, adding pressure to expectations even though Home Depot’s latest reported quarter exceeded consensus estimates. Home Depot FY2028 EPS Forecast Decreased by Erste Group Bank

Wall Street Analyst Weigh In

Several analysts have recently weighed in on HD shares. Wall Street Zen raised shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Truist Financial raised their price objective on Home Depot from $369.00 to $373.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Argus reaffirmed a “buy” rating and set a $400.00 target price on shares of Home Depot in a research report on Wednesday, August 19th. Sanford C. Bernstein lowered their target price on Home Depot from $354.00 to $344.00 and set a “market perform” rating for the company in a report on Wednesday, September 9th. Finally, Weiss Ratings raised Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 7th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $375.18.

Insider Activity at Home Depot

In other Home Depot news, CFO Richard McPhail sold 5,989 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the transaction, the chief financial officer owned 48,104 shares in the company, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Kimberly Scardino sold 675 shares of Home Depot stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $305.95, for a total transaction of $206,516.25. Following the sale, the chief accounting officer owned 8,189 shares of the company’s stock, valued at $2,505,424.55. The trade was a 7.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,829 shares of company stock worth $3,339,314 in the last quarter. 0.08% of the stock is currently owned by company insiders.

About Home Depot

The Home Depot, Inc is a home improvement retailer that sells building materials, appliances, decor, hardware, tools, paint, lawn and garden products, and related merchandise. The company serves do-it-yourself customers, professional contractors, homebuilders, and other commercial customers through its retail stores and digital platforms.

Home Depot also provides services such as equipment and tool rental, delivery, installation, and project support. Its professional-focused offerings include job-lot quantities, specialized products, credit services, and account support designed for contractors and other trade customers.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, the company is headquartered in Atlanta, Georgia.