E. Ohman J or Asset Management AB Reduces Stock Position in The Home Depot, Inc. $HD

E. Ohman J or Asset Management AB decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 7.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,785 shares of the home improvement retailer’s stock after selling 3,153 shares during the period. E. Ohman J or Asset Management AB’s holdings in Home Depot were worth $13,346,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in Home Depot in the 2nd quarter worth about $4,885,603,000. Wellington Management Group LLP lifted its holdings in Home Depot by 60.8% during the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock valued at $4,109,878,000 after buying an additional 3,836,051 shares in the last quarter. Franklin Resources Inc. boosted its position in Home Depot by 37.6% in the 3rd quarter. Franklin Resources Inc. now owns 3,806,308 shares of the home improvement retailer’s stock valued at $1,542,278,000 after buying an additional 1,040,577 shares during the period. Amundi grew its stake in Home Depot by 11.1% in the 2nd quarter. Amundi now owns 7,903,550 shares of the home improvement retailer’s stock worth $2,938,935,000 after acquiring an additional 790,476 shares in the last quarter. Finally, Voya Investment Management LLC grew its stake in Home Depot by 112.3% in the 3rd quarter. Voya Investment Management LLC now owns 1,444,128 shares of the home improvement retailer’s stock worth $585,147,000 after acquiring an additional 763,739 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total value of $940,669.50. Following the transaction, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at approximately $16,439,951.74. The trade was a 5.41% 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 the SEC website. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the company’s stock in a transaction on Friday, December 26th. The stock was sold at an average price of $348.52, for a total value of $1,000,949.44. Following the transaction, the executive vice president directly owned 13,196 shares in the company, valued at approximately $4,599,069.92. The trade was a 17.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wall Street Zen raised shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Jefferies Financial Group increased their price objective on Home Depot from $424.00 to $454.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Royal Bank Of Canada raised their price objective on Home Depot from $363.00 to $377.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 25th. The Goldman Sachs Group lowered their target price on Home Depot from $413.00 to $409.00 in a report on Wednesday, February 25th. Finally, BNP Paribas Exane dropped their price target on Home Depot from $391.00 to $348.00 and set a “neutral” rating on the stock in a research report on Tuesday. Twenty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $414.52.

Home Depot Stock Performance

Shares of Home Depot stock opened at $332.45 on Thursday. The company has a market capitalization of $331.13 billion, a PE ratio of 23.36, a P/E/G ratio of 3.62 and a beta of 1.09. The company has a 50-day simple moving average of $368.84 and a two-hundred day simple moving average of $372.28. The Home Depot, Inc. has a one year low of $320.26 and a one year high of $426.75. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.26 and a current ratio of 1.06.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $38.01 billion. During the same period last year, the business earned $3.13 EPS. The company’s revenue was down 3.8% compared to the same quarter last year. 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 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be paid a $2.33 dividend. This represents a $9.32 annualized dividend and a yield of 2.8%. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date is Thursday, March 12th. Home Depot’s payout ratio is 65.50%.

Home Depot News Summary

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

• Positive Sentiment: SRS (Home Depot subsidiary) agreed to acquire Mingledorff’s, a 42-location HVAC wholesaler — expands HD’s Pro distribution into HVAC, opens a large (~$100B) TAM, and strengthens recurring-commercial revenue potential. SRS Distribution acquisition PR
• Positive Sentiment: Analysts and sell‑side support: Telsey reiterated an outperform with a $435 price target, and J.P. Morgan maintained bullish commentary around the Mingledorff’s deal — both reinforce upside expectations tied to the Pro strategy. Telsey reiteration (Benzinga)
• Positive Sentiment: Home Depot reiterated its Pro/tech push — new digital project-management and Pro shopping tools aim to boost wallet share with contractors, supporting longer-term margin and sales stability. Retail Dive: Pro digital tools
• Positive Sentiment: Retail footprint expansion: HD plans to open 12 new U.S. stores in 2026, which supports revenue growth and local market penetration for Pro customers. USA Today: new stores
• Neutral Sentiment: High-profile mentions (Jim Cramer) and institutional holdings — Charitable Trust is holding HD as a play if rates ease; this is more sentiment-support than a catalyst. Yahoo Finance: Jim Cramer note
• Neutral Sentiment: Competitive landscape: a long-time local rival closed a store (not bankruptcy) — limited competitive benefit but worth monitoring regionally. Yahoo: rival closure
• Negative Sentiment: Macro headwind: new U.S. home sales fell sharply in January (17.6% drop), underscoring a weak new‑home market that can pressure DIY and remodeling demand. This is a near-term risk to same-store sales. TheStreet: housing plunge
• Negative Sentiment: BNP Paribas Exane cut its price target (from $391 to $348) and put a neutral rating on HD — a near-term bearish signal for sentiment and potential selling pressure. Benzinga: BNP Paribas PT cut

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.