Bell Bank 13F: Cuts The Home Depot (HD) Stake by $837K

Bell Bank cut its holdings in The Home Depot, Inc. (NYSE:HD) by 2,943 shares during the period, according to a Form 13F filing filed with the SEC on October 21, 2026. The fund owned 6,482 shares previously and closed out the quarter with 3,539 shares. That's a 45.4% decrease in its stake, valued at roughly $1.0 million at the filing date. The stock closed at $314.14 on the day of the filing.

HD The Home Depot, Inc.

$314.14 ▼ -7.19% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in Bell Bank's The Home Depot, Inc. Position

Bell Bank lowered its investment in the home improvement retailer by selling off a sizable portion of its holdings. The firm went from 6,482 shares down to 3,539 shares, reflecting the 45.4% reduction. The remaining shares carried a reported value of $1,006,810.

Other Institutional Activity in The Home Depot, Inc.

Other institutional investors also adjusted their positions in the retailer recently. Elser Financial Planning dropped its entire holding by selling 675 shares, leaving it with zero shares valued at $0 as of its report date on October 16, 2026. Financial Synergies Wealth Advisors similarly closed its position by selling 577 shares, reducing its stake down to zero shares worth $0 on October 16, 2026.

The Home Depot, Inc. Stock Up 1.7%

The company's shares recently traded around $314.09 as of October 22, 2026, which is virtually flat compared to the filing date close of $314.14. The stock trades above its 50-day moving average of $310.74 by 1.1%, but sits 6.5% below its 200-day moving average of $335.81. The shares sit 21.0% below their 52-week high of $397.63 and 13.3% above their 52-week low of $277.15.

Recent Earnings

The company generated trailing-twelve-month revenue of $169.18 billion with an earnings per share of $14.29. Its next earnings report is scheduled for November 17, 2026.

Dividend

The Home Depot pays an annual dividend rate of $9.32 per share, giving it a dividend yield of 2.97% based on a payout ratio of 64.8%.

Insider Buying and Selling at The Home Depot, Inc.

Company insiders completed several transactions prior to the filing. Chief Financial Officer Richard V Mcphail sold 5,989 shares on August 19, 2026, at $348.40 per share for a total value of $2,086,568. Officer Michael F Rowe sold 710 shares on August 26, 2026, at $336.76 per share, totaling $239,100. General Counsel Teresa Wynn Roseborough sold 2,455 shares on August 28, 2026, at $328.77 per share for $807,130. Officer Kimberly R. Scardino sold 675 shares on September 10, 2026, at $305.95 per share, totaling $206,516.

Analysts Set New Price Targets

Wall Street analysts maintain a generally positive view of the stock. Mizuho maintained an Outperform rating while raising its price target to $390.00 from $385.00 on August 19, 2026. DA Davidson kept a Buy rating with a $377.00 price target on August 19, 2026. UBS maintained a Buy rating and lowered its price target to $420.00 from $430.00 on August 19, 2026. Truist Securities kept a Buy rating and raised its target to $373.00 from $369.00 on August 19, 2026. Bernstein maintained a Market Perform rating while reducing its target to $344.00 from $354.00 on September 9, 2026. Overall, the stock carries a consensus Buy rating from 32 analysts with a mean price target of $379.75.

About The Home Depot, Inc.

The Home Depot, Inc. operates retail stores offering building materials, lawn and garden supplies, tools, and home repair products alongside a wide array of installation services for homeowners and contractors. The company employs 470,000 people and is headquartered in Atlanta, Georgia.

Bottom Line

Investors will look toward the company's upcoming earnings release on November 17, 2026, to gauge consumer demand trends across its store network. Monitoring future institutional filings will also show whether other funds follow Bell Bank's lead in trimming exposure.