Howland Capital Management 13F: Cuts HD Stake by $1.4M

Howland Capital Management reduced its position in The Home Depot, Inc. (NYSE:HD) by 4,934 shares, according to a Form 13F filing with the Securities and Exchange Commission on October 22, 2026. The reduction brought the firm's total holdings down to 6,728 shares, with an estimated value of $1,914,049 at the close of the period. This adjustment reflects a 42.3% drop from the previous quarter.

HD The Home Depot, Inc.

$327.73 ▼ -3.17% year to date

1M 3M YTD

Daily close · Oct 22, 2026

Inside Howland Capital's The Home Depot Trade

The fund trimmed its exposure to the retail company significantly over the course of the quarter. Prior to the filing, Howland Capital held 11,662 shares. The resulting stake of 6,728 shares positions the holding well below prior levels as portfolio managers reshuffled their retail allocations.

Other Institutional Activity in The Home Depot

Other institutional investors made varied adjustments to their own positions in the home improvement giant during the filing window. Foster Group grew its holdings by 4,951 shares, ending with 7,173 shares worth about $2,040,696. Heck Capital Advisors built a new position of 5,076 shares valued at roughly $1,444,072. Orgel Wealth Management sold out entirely, liquidating 648 shares to bring its balance to zero. Midwest Trust grew its position by 6.7% with the purchase of 12,510 shares, bringing its total to 200,230 shares worth about $56,963,517. Smith Chas P & Associates Pa Cpas increased its stake by 2,247 shares to finish with 189,655 shares valued at about $58,722,843.

The Home Depot, Inc. Stock Up 4.0%

The stock closed at $327.73 on October 22, 2026, and recently traded around $327.69 as of October 23, 2026. Shares sit about 5.5% above their 50-day moving average of $310.74, while resting roughly 17.6% below their 52-week high of $397.63. The company carries a market capitalization of over $313 billion.

Recent Earnings

The company generated trailing twelve-month revenues of $169.18 billion with earnings of $14.29 per share. Its net margin stands at 8.4% alongside a return on equity of 104.3%. The next quarterly earnings report is scheduled for release on November 17, 2026.

Dividend

The home improvement chain distributes an annual dividend of $9.32 per share, translating to a dividend yield of 2.97% based on recent trading levels. The payout ratio sits at 64.8%.

Insider Buying and Selling at The Home Depot, Inc.

Company insiders completed several transactions in the months leading up to the filing. Chief Financial Officer Richard V. McPhail sold 5,989 shares on August 19, 2026, at an average price of $348.40 for a total value of $2,086,568. Additional sales were executed by other corporate officers during late summer.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing period. Mizuho, DA Davidson, UBS, and Truist Securities maintained various buy or outperform ratings through August, while Bernstein issued a market perform rating in September. The stock carries an overall buy consensus with a mean price target of $379.75 across 32 analyst opinions.

About The Home Depot

The Home Depot, Inc. operates retail stores providing building materials, tools, lawn care items, and home renovation products. The company also offers installation services for home fixtures and appliances across North America. Institutional portfolio shifts in the stock offer a window into how professional investors manage retail sector exposure through shifting economic cycles.

Bottom Line

Market participants continue to monitor institutional portfolio updates and upcoming corporate earnings for signals on consumer demand. The company's next financial update arrives on November 17, 2026.