Carnegie Investment Counsel Raises Stock Holdings in The Home Depot, Inc. $HD

Posted by Geri Gentry on Jul 12th, 2026

Carnegie Investment Counsel grew its position in The Home Depot, Inc. (NYSE:HD – Free Report) by 42.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 154,265 shares of the home improvement retailer’s stock after acquiring an additional 45,959 shares during the quarter. Home Depot comprises about 0.9% of Carnegie Investment Counsel’s holdings, making the stock its 21st largest position. Carnegie Investment Counsel’s holdings in Home Depot were worth $48,735,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Midwest Trust Co increased its holdings in shares of Home Depot by 4.3% in the 1st quarter. Midwest Trust Co now owns 185,077 shares of the home improvement retailer’s stock valued at $60,870,000 after acquiring an additional 7,602 shares during the period. Fifth Third Bancorp boosted its stake in Home Depot by 59.1% during the 1st quarter. Fifth Third Bancorp now owns 1,457,243 shares of the home improvement retailer’s stock worth $479,273,000 after purchasing an additional 541,339 shares during the period. Sovran Advisors LLC grew its position in Home Depot by 3.3% during the 1st quarter. Sovran Advisors LLC now owns 4,511 shares of the home improvement retailer’s stock worth $1,483,000 after purchasing an additional 144 shares during the last quarter. Sachetta LLC grew its position in Home Depot by 24.9% during the 1st quarter. Sachetta LLC now owns 939 shares of the home improvement retailer’s stock worth $309,000 after purchasing an additional 187 shares during the last quarter. Finally, WealthShield Partners LLC increased its stake in Home Depot by 8.5% in the first quarter. WealthShield Partners LLC now owns 16,115 shares of the home improvement retailer’s stock valued at $5,300,000 after purchasing an additional 1,261 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HD shares. TD Cowen decreased their target price on shares of Home Depot from $450.00 to $375.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Wells Fargo & Company dropped their price target on Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Mizuho reduced their price objective on Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. HSBC decreased their price objective on Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a research report on Wednesday, May 20th. Finally, Bank of America began coverage on Home Depot in a report on Tuesday, May 5th. They issued a “buy” rating and a $374.00 target price on the stock. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $371.71.

View Our Latest Research Report on HD

Home Depot Price Performance

Shares of HD stock traded up $4.71 during midday trading on Friday, reaching $343.44. 2,747,430 shares of the company traded hands, compared to its average volume of 4,667,555. The firm’s 50 day simple moving average is $325.05 and its two-hundred day simple moving average is $345.46. The firm has a market cap of $342.45 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 3.96 and a beta of 0.95. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75.

Home Depot (NYSE:HD – Get Free Report) last released its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.02. The firm had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.Home Depot’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the business posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders 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 yield of 2.7%. Home Depot’s payout ratio is presently 66.19%.

Home Depot 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.