London Co. of Virginia Reduces Position in The Home Depot, Inc. $HD

Posted by Grant Hamersma on Mar 17th, 2026

London Co. of Virginia decreased its stake in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 2.9% during the third quarter, HoldingsChannel reports. The firm owned 49,620 shares of the home improvement retailer’s stock after selling 1,475 shares during the quarter. London Co. of Virginia’s holdings in Home Depot were worth $20,106,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Sagard Holdings Management Inc. purchased a new stake in shares of Home Depot during the second quarter valued at $29,000. Financially Speaking Inc purchased a new position in Home Depot in the 3rd quarter worth $31,000. Imprint Wealth LLC acquired a new stake in Home Depot during the 3rd quarter worth about $34,000. Dougherty Wealth Advisers LLC purchased a new stake in Home Depot during the 3rd quarter valued at about $38,000. Finally, Marquette Asset Management 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.

Home Depot Trading Up 1.0%

Home Depot stock opened at $342.44 on Tuesday. The firm has a market cap of $340.90 billion, a PE ratio of 24.06, a P/E/G ratio of 12.20 and a beta of 1.09. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $426.75. The stock’s 50 day simple moving average is $373.77 and its two-hundred day simple moving average is $375.91. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62.

Home Depot (NYSE:HD – Get Free Report) last posted its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share 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 firm had revenue of $38.20 billion during the quarter, compared to analyst estimates of $38.01 billion. During the same period in the previous year, the firm earned $3.13 EPS. The business’s quarterly revenue was down 3.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be given a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. This is an increase from Home Depot’s previous quarterly dividend of $2.30. The ex-dividend date is Thursday, March 12th. Home Depot’s payout ratio is currently 65.50%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HD. Wall Street Zen cut Home Depot from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Wells Fargo & Company upped their target price on Home Depot from $395.00 to $420.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. JPMorgan Chase & Co. cut their price target on shares of Home Depot from $444.00 to $423.00 and set an “overweight” rating on the stock in a report on Wednesday, November 19th. DA Davidson raised their price target on shares of Home Depot from $407.00 to $445.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Finally, Piper Sandler decreased their price objective on shares of Home Depot from $441.00 to $422.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. Twenty 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 has a consensus rating of “Moderate Buy” and an average price target of $416.00.

View Our Latest Stock Analysis on Home Depot

Home Depot News Summary

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

Positive Sentiment: Home Depot launched a real-time delivery tracker for large/bulky materials tailored to Pro customers, offering minute-by-minute GPS updates to reduce jobsite delays and improve scheduling — a direct product that can deepen Pro loyalty and drive repeat sales. Home Depot Bets On Real Time Delivery Tracking To Deepen Pro Loyalty
Positive Sentiment: Analyst and industry write-ups highlight the tracker as an omnichannel enhancement for bulky-item logistics, which strengthens Home Depot’s value proposition to contractors and could improve conversion and margin on Pro orders. Home Depot’s Real-Time Delivery Tracking Enhances Omnichannel Momentum
Positive Sentiment: UBS raised its price target on HD to $450 (from $430) and stayed constructive, cited in coverage of the company’s Pro initiatives — a higher target from a major bank supports investor sentiment and valuation multiple expansion. The Home Depot, Inc. (HD) Launches Real-Time Delivery Tracker for Pro Customers
Positive Sentiment: Analyst consensus remains favorable — coverage summaries show an average “Moderate Buy” recommendation, which underpins buying interest as the company executes on Pro and omnichannel initiatives. The Home Depot, Inc. (NYSE:HD) Receives Average Recommendation of “Moderate Buy” from Analysts
Neutral Sentiment: Longer-term retail roundups include Home Depot among durable retail ideas, which is supportive for buy-and-hold investors but is less likely to move the stock in the near term compared with company-specific catalysts. The Best 4 Retail Stocks to Buy and Hold for Decades
Neutral Sentiment: Recent bullish write-ups recap HD’s valuation and fundamentals (trailing/forward P/E, recent EPS beat of $2.72 vs. $2.52 estimate, and FY2026 EPS guidance range), offering a mixed picture of modest revenue pressure but strong profitability metrics. These fundamentals provide context but are already reflected in current estimates. Is The Home Depot, Inc. (HD) A Good Stock To Buy Now?

Insider Activity

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

Home Depot Company Profile

(Free Report)

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.