Adell Harriman & Carpenter Inc. Sells 3,938 Shares of The Home Depot, Inc. $HD

Posted by Stanley Muller on May 20th, 2026

Adell Harriman & Carpenter Inc. reduced its position in The Home Depot, Inc. (NYSE:HD – Free Report) by 6.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 58,991 shares of the home improvement retailer’s stock after selling 3,938 shares during the period. Home Depot makes up about 1.2% of Adell Harriman & Carpenter Inc.’s investment portfolio, making the stock its 24th largest position. Adell Harriman & Carpenter Inc.’s holdings in Home Depot were worth $20,299,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parvin Asset Management LLC boosted its position 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. Key Capital Management INC bought a new stake in shares of Home Depot in the fourth quarter worth approximately $28,000. Financially Speaking Inc bought a new stake in shares of Home Depot in the third quarter worth approximately $31,000. Navalign LLC purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $31,000. Finally, Disciplined Equity Management Inc. purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $34,000. 70.86% of the stock is owned by institutional investors.

Home Depot News Summary

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

Positive Sentiment: Home Depot beat Wall Street’s estimates on both earnings and revenue, reporting EPS of $3.43 on sales of $41.77 billion, helped by steady demand from professional customers and smaller DIY projects. Home Depot beats quarterly sales estimates on steady demand
Positive Sentiment: The company reaffirmed its fiscal 2026 guidance, which reassured investors worried about a slowdown in home-improvement spending. Home Depot’s stock rises as the full-year outlook was kept intact, a relief for worried investors
Neutral Sentiment: Comparable sales rose 0.6% overall and 0.4% in the U.S., showing modest growth but also confirming that demand is improving only gradually. The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance
Neutral Sentiment: Management said consumers are still feeling pressure from higher gas prices and affordability concerns, and the company noted that stronger second-half growth may depend more on normal storm activity than on a broad consumer recovery. Home Depot CFO: ‘No question’ consumers feel the effects of high gas prices, affordability pressures
Negative Sentiment: Several analysts trimmed price targets after the report, reflecting caution about slower housing-related spending and limited near-term growth. Home Depot price target updates

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HD. Bank of America began coverage on shares of Home Depot in a report on Tuesday, May 5th. They issued a “buy” rating and a $374.00 target price on the stock. Jefferies Financial Group decreased their target price on shares of Home Depot from $454.00 to $361.00 and set a “buy” rating for the company in a research note on Tuesday. Wells Fargo & Company lowered their price target on Home Depot from $420.00 to $375.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Home Depot in a report on Friday, March 27th. Finally, KeyCorp reissued a “sector weight” rating on shares of Home Depot in a research report on Wednesday, February 25th. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $392.45.

Get Our Latest Stock Analysis on HD

Insider Buying and Selling

In other news, CFO Richard V. Mcphail sold 2,550 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total value of $940,669.50. Following the transaction, the chief financial officer directly owned 44,566 shares in the company, valued at $16,439,951.74. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

Home Depot Trading Up 0.8%

Shares of NYSE:HD opened at $302.23 on Wednesday. The stock has a 50 day moving average of $329.41 and a 200 day moving average of $353.04. The company has a market cap of $301.03 billion, a PE ratio of 21.24, a price-to-earnings-growth ratio of 3.46 and a beta of 1.00. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. 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 released its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. The company had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.02 EPS for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were issued a dividend of $2.33 per share. This is a boost from Home Depot’s previous quarterly dividend of $2.30. This represents a $9.32 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, March 12th. Home Depot’s payout ratio is 65.50%.

About Home Depot

(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.