Chesley Taft & Associates LLC Raises Stake in The Home Depot, Inc. $HD

Chesley Taft & Associates LLC boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 4.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,697 shares of the home improvement retailer’s stock after acquiring an additional 2,691 shares during the period. Chesley Taft & Associates LLC’s holdings in Home Depot were worth $21,918,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HD. Silphium Asset Management Ltd boosted its position in shares of Home Depot by 77.2% during the 3rd quarter. Silphium Asset Management Ltd now owns 13,544 shares of the home improvement retailer’s stock worth $5,488,000 after acquiring an additional 5,900 shares in the last quarter. Truist Financial Corp increased its holdings in shares of Home Depot by 0.3% in the 3rd quarter. Truist Financial Corp now owns 1,095,113 shares of the home improvement retailer’s stock valued at $443,729,000 after acquiring an additional 3,608 shares during the last quarter. Asset Management One Co. Ltd. raised its position in shares of Home Depot by 2.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 534,564 shares of the home improvement retailer’s stock worth $216,600,000 after acquiring an additional 12,239 shares in the last quarter. Atlantic Union Bankshares Corp lifted its stake in Home Depot by 59.9% during the third quarter. Atlantic Union Bankshares Corp now owns 107,438 shares of the home improvement retailer’s stock worth $43,533,000 after purchasing an additional 40,232 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Home Depot during the third quarter worth approximately $1,888,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HD has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Gordon Haskett boosted their price objective on shares of Home Depot from $330.00 to $370.00 and gave the stock a “hold” rating in a research report on Wednesday, February 11th. Citigroup upped their target price 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. Sanford C. Bernstein increased their target price on shares of Home Depot from $381.00 to $390.00 and gave the company a “market perform” rating in a research report on Wednesday, February 25th. Finally, Zacks Research upgraded shares of Home Depot from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $414.52.

Home Depot Stock Performance

NYSE HD opened at $321.54 on Monday. The firm has a market cap of $320.26 billion, a P/E ratio of 22.60, a P/E/G ratio of 3.51 and a beta of 1.09. The Home Depot, Inc. has a 52-week low of $320.26 and a 52-week high of $426.75. The business’s 50-day moving average price is $366.65 and its 200 day moving average price is $370.68. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, beating the consensus estimate of $2.52 by $0.20. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The firm had revenue of $38.20 billion during the quarter, compared to the consensus estimate of $38.01 billion. During the same period in the prior year, the business earned $3.13 EPS. The firm’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. On average, equities research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were paid a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a dividend yield of 2.9%. This is a boost from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date was Thursday, March 12th. Home Depot’s dividend payout ratio (DPR) is currently 65.50%.

Insider Activity at Home Depot

In related news, CFO Richard V. Mcphail sold 2,550 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following the completion of the sale, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this link. 0.10% of the stock is owned by company insiders.

More Home Depot News

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

• Positive Sentiment: SRS Distribution (Home Depot subsidiary) agreed to acquire Mingledorff’s, a wholesale HVAC distributor, strengthening HD’s Pro channel, product breadth and local distribution for contractors — a revenue diversification and margin-supporting move. Home Depot Expands Pro Business With HVAC Distributor Acquisition
• Positive Sentiment: Home Depot is pushing AI features to create a frictionless omnichannel shopping journey and says its stores are “never been more relevant,” signaling investment in tech-driven traffic and conversion improvements. This supports longer-term comps and customer retention. In the age of AI, Home Depot’s stores have ‘never been more relevant’
• Positive Sentiment: Telsey Advisory Group assigned an “Outperform” rating to HD, which can bolster sentiment among institutional buyers and supports the view that shares have upside vs. peers. Home Depot Earns “Outperform” Rating from Telsey Advisory Group
• Neutral Sentiment: Home Depot’s CFO, Richard McPhail, will present at the J.P. Morgan Retail Round Up Forum on April 9 — a routine investor event that may provide updated color but is not an earnings release. The Home Depot to Present at the J.P. Morgan Retail Round Up Forum
• Neutral Sentiment: Coverage remains mixed — reports note analysts are conflicted on Home Depot and other consumer-cyclical names, which can create volatility as investors parse macro and housing signals. Analysts Conflicted on These Consumer Cyclical Names: Home Depot (HD)
• Negative Sentiment: Market coverage notes near-term share weakness (recent daily declines reported), reflecting profit-taking or sensitivity to lower comparable sales trends and broader market moves; that intraday pressure is weighing on the stock today. Home Depot (HD) Stock Moves -1.23%: What You Should Know

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.