The Home Depot, Inc. $HD Stock Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 392,274 shares of the home improvement retailer’s stock after purchasing an additional 3,834 shares during the quarter. Home Depot makes up 0.7% of Sumitomo Mitsui DS Asset Management Company Ltd’s investment portfolio, making the stock its 25th biggest holding. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Home Depot were worth $111,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Vestia Personal Wealth Advisors purchased a new position in shares of Home Depot in the 3rd quarter valued at about $267,000. Ayrshire Capital Management LLC grew its position in shares of Home Depot by 4.5% during the third quarter. Ayrshire Capital Management LLC now owns 18,229 shares of the home improvement retailer’s stock worth $5,186,000 after buying an additional 792 shares in the last quarter. Single Point Partners LLC grew its position in shares of Home Depot by 7.0% during the third quarter. Single Point Partners LLC now owns 1,320 shares of the home improvement retailer’s stock worth $375,000 after buying an additional 86 shares in the last quarter. Warwick Investment Management Inc. increased its stake in shares of Home Depot by 8.3% during the third quarter. Warwick Investment Management Inc. now owns 1,252 shares of the home improvement retailer’s stock worth $356,000 after buying an additional 96 shares during the period. Finally, Smithbridge Asset Management Inc. DE increased its stake in shares of Home Depot by 40.9% during the third quarter. Smithbridge Asset Management Inc. DE now owns 1,033 shares of the home improvement retailer’s stock worth $294,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot News Roundup

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

• Positive Sentiment: Home Depot’s growth rate has improved in recent quarters, supporting optimism ahead of its third-quarter earnings release expected on November 17. A stronger update could reinforce the recent bullish narrative. Should You Buy Home Depot Stock Before Nov. 17?
• Positive Sentiment: Management’s emphasis is increasingly centered on professional trade customers, a potentially attractive growth area because contractors typically generate larger and more recurring purchases. This focus is presented as a key competitive advantage versus Amazon in the home-improvement market. Amazon vs. Home Depot: Which Consumer Stock Is a Better Buy in 2026?
• Positive Sentiment: Home Depot trades at approximately 21.6 times earnings, below the S&P 500’s roughly 22.9 multiple. Investors may view that relative valuation as reasonable if earnings momentum continues. What Changed In Home Depot’s Story?
• Neutral Sentiment: Recent coverage highlights a shift in management’s priorities from global supply-chain diversification toward other strategic initiatives, but does not identify a specific new catalyst or material change to financial guidance. What Changed In Home Depot’s Story?
• Neutral Sentiment: Dividend comparisons with Lowe’s frame Home Depot as the higher-current-income option, while Lowe’s may offer faster dividend growth. The choice is particularly relevant while housing activity remains constrained. Home Depot vs. Lowe’s: Higher Yield or Faster Dividend Growth?
• Negative Sentiment: Home Depot remains exposed to sluggish housing turnover and elevated valuation sensitivity. Investors will likely look to November earnings for evidence that improving growth can overcome those macroeconomic pressures.

Insider Activity at Home Depot

In other Home Depot news, CAO Kimberly Scardino sold 675 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were 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 approximately $2,505,424.55. This trade represents a 7.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard 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 sale, the chief financial officer owned 48,104 shares of the company’s stock, valued at $16,759,433.60. This represents a 11.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 9,829 shares of company stock valued at $3,339,314. Company insiders own 0.08% of the company’s stock.

Home Depot Trading Up 0.1%

HD opened at $309.86 on Tuesday. The Home Depot, Inc. has a one year low of $277.15 and a one year high of $397.63. The company has a market cap of $309.14 billion, a P/E ratio of 21.68, a PEG ratio of 2.20 and a beta of 1.00. 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 business’s 50-day simple moving average is $311.71 and its 200-day simple moving average is $324.03.

Home Depot (NYSE:HD) last issued its 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. The business had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were paid a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 3.0%. The ex-dividend date was Thursday, September 3rd. Home Depot’s dividend payout ratio is currently 65.22%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. UBS Group reaffirmed a “buy” rating on shares of Home Depot in a report on Thursday, September 17th. KeyCorp reiterated a “sector weight” rating on shares of Home Depot in a research note on Wednesday, August 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Home Depot in a report on Friday, October 2nd. Truist Financial increased their price objective on shares of Home Depot from $369.00 to $373.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Finally, TD Cowen restated a “buy” rating on shares of Home Depot in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.93.

Home Depot Company Profile

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors, and other building and maintenance professionals. The company sells a broad selection of building materials, hardware, tools, appliances, paint, plumbing and electrical supplies, flooring, lighting, lawn and garden products, and home décor.

In addition to merchandise, Home Depot offers services such as product delivery, tool and equipment rental, credit services, and installation for selected products.