BTC Capital Management Inc. Purchases 3,510 Shares of The Home Depot, Inc. $HD

BTC Capital Management Inc. grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 23.7% in the fourth quarter, HoldingsChannel reports. The fund owned 18,348 shares of the home improvement retailer’s stock after acquiring an additional 3,510 shares during the period. BTC Capital Management Inc.’s holdings in Home Depot were worth $6,308,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Brighton Jones LLC boosted its holdings in Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after purchasing an additional 7,203 shares during the last quarter. Sivia Capital Partners LLC grew its position in Home Depot by 7.1% in the second quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after purchasing an additional 173 shares in the last quarter. Schnieders Capital Management LLC. increased its stake in Home Depot by 14.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock valued at $4,248,000 after buying an additional 1,433 shares during the last quarter. XTX Topco Ltd bought a new stake in Home Depot during the 2nd quarter worth about $549,000. Finally, Nicolet Bankshares Inc. lifted its position in Home Depot by 1.3% during the 2nd quarter. Nicolet Bankshares Inc. now owns 7,125 shares of the home improvement retailer’s stock worth $2,612,000 after buying an additional 91 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Insider Transactions at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total value 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 transaction was disclosed in a filing with the SEC, which is available at this link. 0.10% of the stock is owned by corporate insiders.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Home Depot named Dr. Franziska “Fran” Bell as EVP and Chief Technology Officer to lead technology, product, data and AI — a move investors view as a catalyst for customer experience improvements and operational efficiencies that can boost margins over time. Home Depot sets sights on AI with CTO appointment
• Positive Sentiment: Coverage and commentary (TipRanks) highlight the new CTO hire as a tangible reason for investor enthusiasm — framing AI-driven, “behind-the-scenes” tech improvements as supportive of long-term same-store sales and cost efficiency. “Busy Behind the Scenes Making Your Life Easier,” Home Depot Stock (NYSE:HD) Gains With New Hire
• Positive Sentiment: Evercore trimmed its price target slightly to $415 (from $425) but kept an Outperform rating, leaving meaningful upside in the view of that analyst — a supportive signal that helps underpin the stock despite the modest PT cut. Evercore Inc lowers PT to $415, maintains outperform
• Neutral Sentiment: Home Depot expanded its online assortment via an agreement to carry AXIL Brands’ hearing-protection products on HomeDepot.com — a small, incremental boost to non-core category breadth and online sales. AXIL Brands Launches AXIL Hearing Protection Products at HomeDepot Online
• Neutral Sentiment: MarketWatch noted Home Depot stock rose but still underperformed the market — a reminder that short-term momentum is mixed even as strategic moves attract attention. Home Depot Inc. stock rises Tuesday, still underperforms market
• Negative Sentiment: Analyst commentary (Zacks) flags a slowdown in big‑ticket projects — repairs are driving modest growth while remodel activity remains weak due to high rates and low housing turnover, posing downside risk to sales and margins if the trend persists. Home Depot Faces Big-Ticket Slowdown: Temporary or Trend?
• Negative Sentiment: RH’s sharp Q4 miss and sector weakness (RH stock down 17%) may weigh on investor sentiment for home improvement/retail peers, increasing caution around discretionary spending trends and demand visibility. RH Q4 Earnings Lag Estimates, Revenues Up Y/Y, Stock Down 17%

Home Depot Stock Performance

Shares of HD opened at $330.00 on Thursday. The company has a market cap of $328.69 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 3.59 and a beta of 1.09. The firm has a 50-day moving average of $363.47 and a 200-day moving average of $369.04. 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 current ratio of 1.06 and a quick ratio of 0.26.

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 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 company had revenue of $38.20 billion for the quarter, compared to analysts’ expectations of $38.01 billion. During the same period in the prior year, the firm earned $3.13 EPS. Home Depot’s quarterly 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. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The firm 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 positive change 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 dividend payout ratio is currently 65.50%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HD shares. Truist Financial set a $424.00 price objective on Home Depot in a report on Tuesday, February 24th. The Goldman Sachs Group dropped their target price on Home Depot from $413.00 to $409.00 in a report on Wednesday, February 25th. Royal Bank Of Canada increased their price target on Home Depot from $363.00 to $377.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 25th. Wall Street Zen upgraded Home Depot from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Home Depot in a research report on Friday, March 27th. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $414.17.

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.