SteelPeak Wealth LLC Reduces Position in The Home Depot, Inc. $HD

SteelPeak Wealth LLC decreased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 7.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,399 shares of the home improvement retailer’s stock after selling 2,383 shares during the quarter. SteelPeak Wealth LLC’s holdings in Home Depot were worth $10,116,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Parvin Asset Management LLC grew its holdings in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 33 shares during the last quarter. Financially Speaking Inc purchased a new position in Home Depot in the 3rd quarter worth $31,000. Sagard Holdings Management Inc. acquired a new stake in Home Depot during the 2nd quarter worth about $29,000. Imprint Wealth LLC acquired a new stake in Home Depot during the 3rd quarter worth about $34,000. Finally, Dougherty Wealth Advisers LLC purchased a new stake in Home Depot during the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were 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 owned 44,566 shares of the company’s stock, valued at $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 is available at this link. 0.10% of the stock is owned by corporate insiders.

Key Home Depot News

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

• Positive Sentiment: Named Franziska Bell (formerly Ford’s AI lead) as EVP & CTO to scale agentic AI — a move that could accelerate merchandising, supply-chain automation and customer personalization, supporting long‑term margin upside. Home Depot Recruits Ford Tech Leader to Scale Agentic AI
• Positive Sentiment: Expanding into HVAC distribution with the Mingledorff’s deal increases exposure to a ~$100B market in the Southeast and diversifies B2B revenue streams — management expects minimal leverage impact. This helps the growth/market‑reach story. Home Depot HVAC Deal Expands Market Reach And Shifts Investor Focus
• Neutral Sentiment: Still counts as a Dividend Aristocrat, which supports income investors’ interest but doesn’t change near‑term growth dynamics. Meet the Next Generation of Dividend Aristocrats
• Negative Sentiment: Shares hit a 52-week low amid broader market pressures and sector headwinds, a clear near-term bearish signal for momentum and sentiment. Home Depot stock hits 52-week low at $320.22 amid market pressures
• Negative Sentiment: Evercore cut its price target to $415, signaling reduced analyst upside and likely weighing on sentiment among momentum and target‑driven investors. Evercore Cuts Home Depot (NYSE:HD) Price Target to $415.00
• Negative Sentiment: Recent coverage highlights a downward move in the stock amid broader market gains and notes worrisome shifts in consumer behavior and slowing comparable‑sales trends — pressure on near‑term top‑line and margins. Home Depot (HD) Stock Sinks As Market Gains: Here’s Why

Home Depot Trading Up 0.1%

Shares of HD stock opened at $321.79 on Friday. The Home Depot, Inc. has a 1-year low of $318.66 and a 1-year high of $426.75. The company has a market cap of $320.51 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 3.51 and a beta of 1.09. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.06 and a quick ratio of 0.26. The stock has a 50 day simple moving average of $361.06 and a 200-day simple moving average of $367.63.

Home Depot (NYSE:HD) last released its quarterly 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. The firm had revenue of $38.20 billion for the quarter, compared to analysts’ expectations of $38.01 billion. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.13 EPS. 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 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were given a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.9%. This is a positive change 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 65.50%.

Analyst Upgrades and Downgrades

HD has been the subject of several research analyst reports. DA Davidson lifted their target price on Home Depot from $407.00 to $445.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Gordon Haskett increased their price target on shares of Home Depot from $330.00 to $370.00 and gave the stock a “hold” rating in a report on Wednesday, February 11th. Robert W. Baird raised their price target on shares of Home Depot from $400.00 to $430.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. BNP Paribas Exane decreased their price objective on shares of Home Depot from $391.00 to $348.00 and set a “neutral” rating for the company in a research note on Tuesday, March 24th. Finally, Zacks Research raised shares of Home Depot from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $414.17.

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.