Sumitomo Mitsui Trust Group Inc. Trims Holdings in The Home Depot, Inc. $HD

Posted by Stanley Muller on Jul 9th, 2026

Sumitomo Mitsui Trust Group Inc. trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 5.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,385,787 shares of the home improvement retailer’s stock after selling 149,936 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Home Depot were worth $784,661,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HD. Advocate Investing Services LLC purchased a new position in Home Depot during the 4th quarter valued at about $25,000. Parvin Asset Management LLC increased 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 period. Cache Advisors LLC purchased a new stake in shares of Home Depot in the first quarter worth about $27,000. Key Capital Management INC purchased a new stake in shares of Home Depot in the fourth quarter worth about $28,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in shares of Home Depot in the first quarter valued at approximately $28,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 2.6%

Shares of HD opened at $336.34 on Thursday. The firm’s 50 day simple moving average is $324.45 and its 200 day simple moving average is $345.52. The company has a market capitalization of $335.37 billion, a P/E ratio of 23.89, a P/E/G ratio of 3.99 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 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 business had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

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

Analyst Ratings Changes

HD has been the subject of several recent analyst reports. Wells Fargo & Company reduced their price objective on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Guggenheim reiterated a “buy” rating on shares of Home Depot in a research note on Monday, June 29th. Gordon Haskett raised their price target on shares of Home Depot from $320.00 to $330.00 in a report on Friday, June 12th. UBS Group reduced their price target on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Finally, Wolfe Research cut shares of Home Depot from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 23rd. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $371.71.

View Our Latest Report on Home Depot

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.