Sarasin & Partners LLP Has $242.37 Million Holdings in The Home Depot, Inc. $HD

Sarasin & Partners LLP lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 687,219 shares of the home improvement retailer’s stock after acquiring an additional 26,357 shares during the period. Home Depot makes up about 2.8% of Sarasin & Partners LLP’s holdings, making the stock its 11th largest holding. Sarasin & Partners LLP’s holdings in Home Depot were worth $242,368,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HD. Advocate Investing Services LLC bought a new stake in Home Depot during the fourth quarter worth approximately $25,000. Parvin Asset Management LLC raised its position in shares of Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 33 shares during the period. Cache Advisors LLC acquired a new stake in shares of Home Depot in the first quarter worth $27,000. Key Capital Management INC acquired a new stake in shares of Home Depot in the fourth quarter worth $28,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in shares of Home Depot during the 1st quarter worth $28,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Down 1.1%

Shares of HD stock opened at $349.41 on Friday. The firm has a market capitalization of $348.40 billion, a P/E ratio of 24.82, a price-to-earnings-growth ratio of 4.08 and a beta of 0.95. The Home Depot, Inc. has a 1 year low of $289.10 and a 1 year high of $426.75. The firm’s fifty day simple moving average is $334.99 and its 200 day simple moving average is $343.00. The company has a current ratio of 1.04, a quick ratio of 0.28 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 for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. The firm had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current 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 paid a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is presently 66.19%.

Wall Street Analyst Weigh In

HD has been the topic of a number of research analyst reports. BNP Paribas Exane lowered their target price on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. JPMorgan Chase & Co. cut their target price on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Telsey Advisory Group decreased their price target on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. HSBC lowered their price target on Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a research report on Wednesday, May 20th. Finally, Jefferies Financial Group dropped their price objective on Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Eighteen investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $371.71.

Key Home Depot News

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

• Positive Sentiment: Wall Street remains broadly constructive on Home Depot (HD), with the average analyst recommendation equivalent to a Buy. Analysts remain moderately optimistic despite the stock’s recent underperformance relative to the broader market. Is Home Depot a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: The company’s latest quarterly results provided fundamental support: Home Depot exceeded consensus estimates for both earnings and revenue, while sales increased 4.8% year over year. Management also issued fiscal 2026 earnings guidance, giving investors a framework for future performance. Why Did Home Depot Feature Amid a Firm Earnings Backdrop?
• Positive Sentiment: Home Depot is consolidating its technology teams under its new executive vice president and chief technology officer. The restructuring is intended to accelerate technology innovation, potentially improving operational efficiency, digital capabilities and customer engagement over time. Home Depot Reshuffles Leadership to Accelerate Tech Innovation
• Neutral Sentiment: Recent coverage has placed HD in focus as investors assess the broader retail backdrop and changing sentiment toward home-related spending. The articles offer context for the stock’s movement but do not identify a major change to Home Depot’s earnings outlook. Home Depot Stock Moves as Home Retail Tone Shifts
• Negative Sentiment: Investors are also focusing on a new competitive threat to Home Depot. Intensifying competition from home-improvement and big-box retailers could pressure market share, pricing and customer traffic, weighing on sentiment despite the company’s solid recent results. Home Depot Stock Slips as It Faces New Competitive Threat

Home Depot Company 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.