The Home Depot, Inc. $HD Stock Holdings Boosted by Envestnet Asset Management Inc.

Posted by Brenda Bartman on Sep 23rd, 2026

Envestnet Asset Management Inc. lifted its position in The Home Depot, Inc. (NYSE:HD – Free Report) by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 2,596,155 shares of the home improvement retailer’s stock after buying an additional 10,708 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Home Depot were worth $915,609,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in Home Depot during the second quarter worth about $28,771,247,000. State Street Corp grew its stake in shares of Home Depot by 1.1% in the 2nd quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer’s stock worth $16,637,688,000 after purchasing an additional 499,168 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Home Depot by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock worth $8,151,344,000 after purchasing an additional 343,153 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $5,780,468,000. Finally, Norges Bank bought a new stake in shares of Home Depot in the 4th quarter worth approximately $4,850,329,000. Institutional investors own 70.86% of the company’s stock.

Home Depot News Roundup

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

Positive Sentiment: Home Depot’s investments in its Pro business—including expanded product selection, improved delivery capabilities and tools for complex projects—are reportedly producing positive comparable sales and could support larger-ticket purchases. Is Home Depot Winning Bigger Projects Through Pro Investments?
Positive Sentiment: Focus Wealth Management views HD as positioned to benefit from an eventual housing-market recovery. Lower mortgage rates or improving housing turnover could encourage remodeling and repair spending, providing a longer-term catalyst. Home Depot Positioned to Benefit from Housing Market Recovery
Positive Sentiment: A new TP-Link Tapo smart-home partnership could broaden Home Depot’s connected-home assortment and create incremental growth opportunities, although the financial impact is not yet clear. Is Home Depot’s TP-Link Tapo Deal a Turning Point in Its Smart Home Strategy?
Neutral Sentiment: Investor attention is focused on housing turnover, interest rates, consumer spending, Pro growth and execution of Home Depot’s strategic initiatives—the factors most likely to determine the stock’s next major move. What Is the Market Really Watching at Home Depot?
Negative Sentiment: Home Depot’s CFO warned that the U.S. housing market is effectively “frozen,” with a key activity metric at a historic low. High mortgage rates and limited affordability are delaying moves and reducing demand for discretionary renovations. Home Depot CFO Issues Warning Over Frozen Housing Market
Negative Sentiment: Squeezed consumers are reportedly postponing large projects and spending mainly on essential repairs. That shift threatens Home Depot’s higher-margin, big-ticket sales and helps explain the defensive performance of discretionary retailers. Home Depot Warns About Squeezed Shoppers
Negative Sentiment: Tariff refunds may provide retailers some relief, but shoppers have already absorbed part of earlier tariff-related costs, potentially limiting demand and pricing benefits. How Tariff Refunds Affect Shoppers

Home Depot Trading Down 2.8%

Shares of HD traded down $8.57 during midday trading on Wednesday, hitting $296.78. The stock had a trading volume of 4,667,956 shares, compared to its average volume of 4,362,683. The business has a 50-day simple moving average of $329.85 and a two-hundred day simple moving average of $330.10. The firm has a market cap of $296.09 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 3.27 and a beta of 0.95. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $411.41.

Home Depot (NYSE:HD – Get Free Report) last released its quarterly 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 business had revenue of $47.86 billion for 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%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts forecast that The Home Depot, Inc. will post 15 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were issued a $2.33 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.1%. Home Depot’s dividend payout ratio is presently 65.22%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Stifel Nicolaus raised their target price on shares of Home Depot from $320.00 to $340.00 and gave the stock a “hold” rating in a report on Monday, August 17th. Wall Street Zen raised Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Guggenheim reiterated a “buy” rating and set a $425.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. Gordon Haskett raised their price objective on Home Depot from $320.00 to $330.00 in a research note on Friday, June 12th. Finally, Wolfe Research lowered Home Depot from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 23rd. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $375.18.

Get Our Latest Research Report on HD

Insiders Place Their Bets

In related news, EVP Michael F. Rowe sold 710 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total transaction of $239,099.60. Following the transaction, the executive vice president directly owned 6,838 shares of the company’s stock, valued at approximately $2,302,764.88. The trade was a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard V. Mcphail sold 5,989 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer directly owned 48,104 shares of the company’s stock, valued at approximately $16,759,433.60. This represents a 11.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 9,829 shares of company stock worth $3,339,314. 0.08% of the stock is currently owned by corporate insiders.

Home Depot Profile

(Free Report)

The Home Depot, Inc is a home improvement retailer that sells building materials, appliances, decor, hardware, tools, paint, lawn and garden products, and related merchandise. The company serves do-it-yourself customers, professional contractors, homebuilders, and other commercial customers through its retail stores and digital platforms.

Home Depot also provides services such as equipment and tool rental, delivery, installation, and project support. Its professional-focused offerings include job-lot quantities, specialized products, credit services, and account support designed for contractors and other trade customers.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, the company is headquartered in Atlanta, Georgia.