Madison Asset Management LLC Makes New Investment in The Home Depot, Inc. $HD

Posted by Stanley Muller on Aug 27th, 2026

Madison Asset Management LLC bought a new stake in shares of The Home Depot, Inc. (NYSE:HD – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 89,709 shares of the home improvement retailer’s stock, valued at approximately $31,639,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Parvin Asset Management LLC lifted its position in shares of Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares during the last quarter. Advocate Investing Services LLC bought a new position in Home Depot in the 4th quarter worth approximately $25,000. Zeit Capital LLC bought a new position in Home Depot in the 2nd quarter worth approximately $26,000. Cache Advisors LLC acquired a new position in shares of Home Depot during the first quarter worth approximately $27,000. Finally, Imprint Wealth LLC acquired a new position in shares of Home Depot during the third quarter worth approximately $34,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HD shares. Piper Sandler lowered their price objective on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Evercore cut their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. JPMorgan Chase & Co. decreased their price target on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Guggenheim restated a “buy” rating and set a $425.00 price objective on shares of Home Depot in a report on Wednesday, August 19th. Finally, TD Cowen restated a “buy” rating on shares of Home Depot in a report on Monday, August 10th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $375.54.

Get Our Latest Stock Analysis on Home Depot

Home Depot Stock Performance

NYSE:HD opened at $334.97 on Thursday. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The firm has a market capitalization of $334.01 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 3.72 and a beta of 0.95. The firm has a 50-day moving average price of $341.18 and a 200 day moving average price of $339.21.

Home Depot (NYSE:HD – Get Free Report) last released its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, beating analysts’ consensus estimates of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The company had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same period in the previous year, the business earned $4.68 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts anticipate that The Home Depot, Inc. will post 14.99 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be paid a $2.33 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $9.32 annualized dividend and a yield of 2.8%. Home Depot’s payout ratio is currently 65.22%.

Key Stories Impacting Home Depot

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

Positive Sentiment: Home Depot reported fiscal second-quarter revenue of $47.86 billion, up 5.7% year over year and ahead of consensus estimates. Adjusted diluted EPS of $4.92 also exceeded the $4.73 analyst expectation. Home Depot Beat Q2 Estimates
Positive Sentiment: A nationwide three-hour delivery service could help HD compete with Walmart and Target for e-commerce orders, improve convenience and support sales of home-improvement products. Home Depot Three-Hour Delivery
Positive Sentiment: Analysts and investor-focused commentary continue to highlight Home Depot’s 17-year dividend growth streak and long-term shareholder returns, offering support while investors wait for housing conditions to improve. Home Depot Dividend Streak

Insider Buying and Selling

In other Home Depot news, CFO Richard V. Mcphail sold 5,989 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total value of $2,086,567.60. Following the sale, the chief financial officer directly owned 48,104 shares in the company, valued at $16,759,433.60. This represents a 11.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

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.