The Home Depot, Inc. $HD Shares Sold by Hemenway Trust Co LLC

Hemenway Trust Co LLC trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 104,534 shares of the home improvement retailer’s stock after selling 2,501 shares during the quarter. Home Depot comprises about 3.2% of Hemenway Trust Co LLC’s investment portfolio, making the stock its 10th largest holding. Hemenway Trust Co LLC’s holdings in Home Depot were worth $42,356,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Home Depot by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 98,310,031 shares of the home improvement retailer’s stock valued at $39,834,241,000 after purchasing an additional 331,217 shares during the last quarter. State Street Corp grew its holdings in shares of Home Depot by 0.7% during the 2nd quarter. State Street Corp now owns 46,015,836 shares of the home improvement retailer’s stock valued at $16,871,246,000 after purchasing an additional 300,352 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Home Depot by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 22,978,809 shares of the home improvement retailer’s stock valued at $8,394,611,000 after purchasing an additional 327,674 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Home Depot by 1.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 14,568,860 shares of the home improvement retailer’s stock worth $5,341,724,000 after purchasing an additional 153,582 shares in the last quarter. Finally, Norges Bank bought a new position in Home Depot in the 2nd quarter valued at approximately $4,885,603,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Home Depot

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

• Positive Sentiment: Telsey Advisory Group reaffirmed an “outperform” rating and kept a $410 price target, supporting upside expectations for HD. Article Title
• Positive Sentiment: Robert W. Baird raised its price target to $430 and maintained an “outperform” call, adding further analyst support that could prop the shares. Article Title
• Positive Sentiment: Aggregated brokerage coverage shows a consensus “Moderate Buy” rating on HD, which supports the near-term bid under the stock. Article Title
• Positive Sentiment: Analysts and commentary highlight Home Depot’s disciplined capital allocation (steady dividends, selective investments), a structural positive for long-term shareholder value and buyback/dividend backing. Article Title
• Neutral Sentiment: Pre-earnings coverage is mixed: some Zacks pieces argue HD is positioned to beat Q4 estimates on GMS and Pro demand, while others flag expected y/y sales and EPS declines — meaning the upcoming report is likely the key near-term catalyst. Article Title Article Title
• Neutral Sentiment: Jim Cramer commentary and media pieces are generating attention and may support sentiment short-term, but these are background narrative items rather than fundamentals. Article Title
• Negative Sentiment: Home Depot has tightened bonus eligibility amid a cooling housing market and recent firings — a sign management is leaning on cost controls and stricter performance metrics, which may signal near-term top-line or margin pressure and could hurt morale/retention. Article Title Article Title
• Negative Sentiment: Operational headwinds: reports of product theft leading to “tools in cages” and ICE-related store disruptions could weigh on customer experience and same-store sales in affected markets. Article Title
• Negative Sentiment: Recent intraday/short-term price dips and commentary about premium valuation compress upside if Q4 results or guidance disappoint. Article Title

Insiders Place Their Bets

In other news, EVP Angie Brown sold 1,946 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $357.63, for a total transaction of $695,947.98. Following the sale, the executive vice president owned 3,941 shares in the company, valued at $1,409,419.83. This represents a 33.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the business’s stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the completion of the transaction, the executive vice president owned 13,196 shares of the company’s stock, valued at approximately $4,599,069.92. The trade was a 17.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 4,963 shares of company stock valued at $1,748,845. Insiders own 0.10% of the company’s stock.

Home Depot Trading Up 0.1%

NYSE HD opened at $383.38 on Thursday. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $426.75. The stock has a 50-day moving average of $368.38 and a 200-day moving average of $380.30. The firm has a market cap of $381.66 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 13.69 and a beta of 1.08.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The business had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. Home Depot’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.78 EPS. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Wall Street Analyst Weigh In

HD has been the subject of a number of research reports. Argus dropped their price target on Home Depot from $450.00 to $425.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Gordon Haskett boosted their price objective on Home Depot from $330.00 to $370.00 and gave the company a “hold” rating in a research note on Wednesday, February 11th. Wells Fargo & Company reduced their price objective on Home Depot from $400.00 to $395.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. KGI Securities lowered Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 target price on the stock. in a report on Wednesday, November 19th. Finally, Truist Financial set a $405.00 target price on Home Depot in a research report on Friday, January 16th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $408.37.

Home Depot Profile

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.