The Home Depot, Inc. $HD Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 14.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 472,106 shares of the home improvement retailer’s stock after acquiring an additional 59,783 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Home Depot were worth $163,264,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Parvin Asset Management LLC increased its holdings in Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares during the period. Sagard Holdings Management Inc. purchased a new position in shares of Home Depot in the 2nd quarter valued at about $29,000. Financially Speaking Inc purchased a new position in shares of Home Depot in the 3rd quarter valued at about $31,000. Disciplined Equity Management Inc. acquired a new position in shares of Home Depot during the fourth quarter worth about $34,000. Finally, Imprint Wealth LLC acquired a new position in shares of Home Depot during the third quarter worth about $34,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wolfe Research raised their target price on shares of Home Depot from $413.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. Truist Financial set a $424.00 price target on shares of Home Depot in a report on Tuesday, February 24th. DA Davidson increased their price objective on shares of Home Depot from $407.00 to $445.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Citigroup raised their price objective on shares of Home Depot from $407.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Home Depot in a research report on Friday. Twenty analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $414.52.

Home Depot Stock Up 1.5%

HD stock opened at $328.43 on Wednesday. The stock has a market cap of $327.12 billion, a P/E ratio of 23.08, a PEG ratio of 3.53 and a beta of 1.09. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62. The Home Depot, Inc. has a twelve month low of $320.26 and a twelve month high of $426.75. The company’s 50 day moving average is $364.57 and its two-hundred day moving average is $369.31.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.20. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The business had revenue of $38.20 billion during the quarter, compared to analysts’ expectations of $38.01 billion. During the same quarter in the prior year, the business posted $3.13 EPS. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were paid a $2.33 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.30. This represents a $9.32 annualized dividend and a yield of 2.8%. The ex-dividend date was Thursday, March 12th. Home Depot’s payout ratio is currently 65.50%.

Insider Activity

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following the transaction, the chief financial officer owned 44,566 shares of the company’s stock, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

Key Home Depot News

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

• Positive Sentiment: Named Dr. Franziska “Fran” Bell as EVP & Chief Technology Officer to lead technology, product, data and AI — signals a deliberate push to embed advanced AI across operations and customer experience, which could boost productivity, personalization and margins over time. The Home Depot Names Franziska Bell EVP and Chief Technology Officer
• Positive Sentiment: Analyses highlight Fran Bell’s deep AI experience (Ford, BP, Uber, Toyota) and argue the CTO hire could be a “game changer” by accelerating agentic AI initiatives across merchandising, fulfillment and customer search — a potential long-term positive for revenue mix and efficiency. Home Depot’s New AI-Focused CTO Appointment Could Be A Game Changer For Home Depot (HD)
• Neutral Sentiment: Market commentary notes HD’s shares rose but still underperformed the broader market recently — a reminder investors are weighing positive strategic moves against near-term demand headwinds. Home Depot Inc. stock rises Tuesday, still underperforms market
• Neutral Sentiment: Valuation-focused pieces point to a recent pullback in the share price (month and week declines noted), making the stock cheaper versus recent highs — raises the question of whether the retreat is a buying opportunity or a signal of cyclical softness. A Look At Home Depot (HD) Valuation After Recent Share Price Pullback
• Neutral Sentiment: Broader retail/tech coverage on AI-driven shopping suggests incumbents (Amazon, Walmart, Home Depot) could gain/lose share depending on how quickly they deploy AI for search and buying — a structural tailwind if HD’s new CTO accelerates execution. AI Shopping Shift Puts Amazon, Walmart in Focus
• Neutral Sentiment: Watsco sell-off commentary references SRS Distribution (a Home Depot affiliate) expanding via acquisitions, a development that could increase HD’s wholesale footprint but also draws competitive scrutiny—indirect for HD, but worth monitoring for margin/scale effects. William Blair Says Watsco (WSO) Sell-Off Overdone Despite New Competition
• Negative Sentiment: Zacks warns of a big-ticket slowdown: growth in larger projects is being driven by repairs rather than remodels, as high interest rates and weak housing turnover delay major renovation spending — a direct risk to Home Depot’s revenue mix and sales cadence. Home Depot Faces Big-Ticket Slowdown: Temporary or Trend?

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.