The Home Depot, Inc. $HD Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. lowered its position in The Home Depot, Inc. (NYSE:HD) by 2.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 97,381 shares of the home improvement retailer’s stock after selling 2,163 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Home Depot were worth $34,344,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after buying an additional 7,203 shares during the period. Sivia Capital Partners LLC increased its stake in Home Depot by 7.1% during the second quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock worth $952,000 after acquiring an additional 173 shares during the last quarter. Schnieders Capital Management LLC. increased its stake in Home Depot by 14.1% during the second quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock worth $4,248,000 after acquiring an additional 1,433 shares during the last quarter. Darwin Wealth Management LLC purchased a new stake in Home Depot in the second quarter valued at $1,773,000. Finally, Financial Advisors Network Inc. raised its position in Home Depot by 11.3% in the second quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer’s stock valued at $868,000 after purchasing an additional 241 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Home Depot reported fiscal Q2 adjusted EPS of $4.92, above the $4.73 consensus estimate, while revenue rose 5.7% year over year to $47.86 billion, exceeding expectations of approximately $47.24 billion. Home Depot reaffirms guidance amid frozen housing market conditions
• Positive Sentiment: Comparable sales increased 1.7% globally and 1.3% in the U.S.—the company’s strongest comparable-sales performance since 2022—as customers continued smaller repair and maintenance projects despite high mortgage rates and housing costs. Average ticket rose 2.8%, helping offset a 1.0% decline in comparable transactions. Home Depot beats quarterly sales estimates on steady repair demand
• Positive Sentiment: The nationwide rollout of Express Delivery, using more than 2,000 U.S. stores as fulfillment hubs for delivery in three hours or less, could support online sales, customer retention and Pro-customer demand. The Home Depot expands nationwide express delivery
• Neutral Sentiment: Management reaffirmed fiscal 2026 guidance for roughly 2.5%–4.5% sales growth, flat to 2.0% comparable-sales growth and EPS of $14.690–$15.278. Maintaining the outlook provides stability, but the lack of an increase suggests a housing recovery has not yet materialized.
• Negative Sentiment: Executives described housing conditions as “frozen.” Customers are avoiding large renovations, while weak housing starts and elevated Treasury yields remain headwinds for discretionary projects and valuation. The CEO’s recently announced medical leave adds a separate near-term leadership uncertainty. Home Depot tops earnings estimates amid frozen housing market

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Truist Financial lowered their price target on Home Depot from $394.00 to $369.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Gordon Haskett boosted their price objective on shares of Home Depot from $320.00 to $330.00 in a report on Friday, June 12th. Robert W. Baird decreased their target price on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. TD Cowen reaffirmed a “buy” rating on shares of Home Depot in a research note on Monday, August 10th. Finally, UBS Group dropped their target price on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.25.

Home Depot Price Performance

Home Depot stock opened at $338.10 on Wednesday. The stock has a market cap of $337.12 billion, a P/E ratio of 24.01, a price-to-earnings-growth ratio of 4.08 and a beta of 0.95. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The company has a fifty day simple moving average of $340.08 and a 200-day simple moving average of $340.97. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.73 by $0.19. The business had revenue of $47.86 billion during the quarter, compared to analysts’ expectations of $47.24 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts expect that The Home Depot, Inc. will post 14.99 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a dividend of $2.33 per share. The ex-dividend date was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. Home Depot’s payout ratio is 66.19%.

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.