Washburn Capital Management Inc. Buys New Stake in The Home Depot, Inc. $HD

Posted by Geri Gentry on Oct 19th, 2026

Washburn Capital Management Inc. purchased a new position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,762 shares of the home improvement retailer’s stock, valued at approximately $1,070,000. Home Depot accounts for about 0.5% of Washburn Capital Management Inc.’s investment portfolio, making the stock its 28th biggest position.

Several other hedge funds have also made changes to their positions in the stock. BlackRock Inc. acquired a new stake in Home Depot in the second quarter worth $28,771,247,000. Bank of America Corp DE bought a new stake in Home Depot in the second quarter valued at $5,780,468,000. Bank of New York Mellon Corp acquired a new position in shares of Home Depot during the second quarter valued at $2,777,396,000. Corient Private Wealth LP acquired a new position in shares of Home Depot during the second quarter valued at $390,913,000. Finally, Legal & General Group Plc acquired a new position in shares of Home Depot during the second quarter valued at $1,953,883,000. Institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other news, EVP Michael Rowe sold 710 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total value of $239,099.60. Following the completion of the transaction, the executive vice president directly owned 6,838 shares in the company, valued at $2,302,764.88. This trade represents a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Richard McPhail sold 5,989 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the transaction, the chief financial officer owned 48,104 shares in the company, valued at $16,759,433.60. This represents a 11.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 9,829 shares of company stock valued at $3,339,314. 0.08% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently commented on HD. Truist Financial upped their price target on shares of Home Depot from $369.00 to $373.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Wells Fargo & Company lifted their price objective on shares of Home Depot from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Mizuho boosted their target price on shares of Home Depot from $385.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Sanford C. Bernstein reduced their target price on shares of Home Depot from $354.00 to $344.00 and set a “market perform” rating for the company in a research note on Wednesday, September 9th. Finally, DA Davidson restated a “buy” rating and issued a $377.00 target price on shares of Home Depot in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $375.93.

View Our Latest Stock Report on Home Depot

Home Depot Price Performance

HD stock traded down $0.03 during trading on Monday, hitting $309.60. The company had a trading volume of 1,567,716 shares, compared to its average volume of 4,470,995. The firm has a market capitalization of $308.89 billion, a price-to-earnings ratio of 21.67, a P/E/G ratio of 2.20 and a beta of 1.00. The business has a 50 day moving average of $312.52 and a 200 day moving average of $324.17. The Home Depot, Inc. has a fifty-two week low of $277.15 and a fifty-two week high of $397.63. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64.

Home Depot (NYSE:HD – Get Free Report) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.73 by $0.19. The firm had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. Home Depot’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were paid a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot’s dividend payout ratio is currently 65.22%.

Home Depot Profile

(Free Report)

The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors, and other building and maintenance professionals. The company sells a broad selection of building materials, hardware, tools, appliances, paint, plumbing and electrical supplies, flooring, lighting, lawn and garden products, and home décor.

In addition to merchandise, Home Depot offers services such as product delivery, tool and equipment rental, credit services, and installation for selected products.