Boston Trust Walden Corp Sells 7,926 Shares of The Home Depot, Inc. $HD

Boston Trust Walden Corp reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 18.7% during the third quarter, Holdings Channel reports. The institutional investor owned 34,450 shares of the home improvement retailer’s stock after selling 7,926 shares during the period. Boston Trust Walden Corp’s holdings in Home Depot were worth $13,959,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Constitution Capital LLC increased its stake in Home Depot by 2.3% during the 3rd quarter. Constitution Capital LLC now owns 24,028 shares of the home improvement retailer’s stock valued at $9,736,000 after purchasing an additional 550 shares in the last quarter. Petros Family Wealth LLC lifted its stake in shares of Home Depot by 3.0% in the third quarter. Petros Family Wealth LLC now owns 1,569 shares of the home improvement retailer’s stock valued at $636,000 after buying an additional 46 shares in the last quarter. 1900 Wealth Management LLC grew its holdings in shares of Home Depot by 33.4% during the third quarter. 1900 Wealth Management LLC now owns 5,075 shares of the home improvement retailer’s stock valued at $2,056,000 after buying an additional 1,272 shares during the last quarter. Retireful LLC bought a new stake in shares of Home Depot during the third quarter worth about $293,000. Finally, Lakeshore Capital Group Inc. increased its position in shares of Home Depot by 1.8% during the third quarter. Lakeshore Capital Group Inc. now owns 1,897 shares of the home improvement retailer’s stock worth $769,000 after acquiring an additional 34 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Insiders Place Their Bets

In other Home Depot news, EVP Angie Brown sold 1,946 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $357.63, for a total value of $695,947.98. Following the transaction, the executive vice president directly owned 3,941 shares in the company, valued at $1,409,419.83. The trade was a 33.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the transaction, the executive vice president directly owned 13,196 shares of the company’s stock, valued at $4,599,069.92. This represents a 17.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 4,963 shares of company stock valued at $1,748,845. Company insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

Shares of Home Depot stock opened at $346.23 on Wednesday. The business’s fifty day simple moving average is $359.69 and its 200 day simple moving average is $377.96. 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 12 month low of $326.31 and a 12 month high of $426.75. The firm has a market capitalization of $344.68 billion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 12.94 and a beta of 1.06.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.83 by ($0.09). The business had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a $2.30 dividend. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.7%. Home Depot’s payout ratio is currently 62.71%.

Home Depot News Summary

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

• Positive Sentiment: Brokerages give HD a consensus rating of “Moderate Buy,” which supports investor confidence and could help limit downside. Consensus Rating “Moderate Buy”
• Positive Sentiment: Home Depot’s pro-market exposure should strengthen after SRS Distribution’s acquisition of GMS adds roughly $900M in quarterly sales to the pro channel, boosting FY25 outlook and recurring revenue from professional customers. Home Depot Expands Pro Market With GMS and SRS Pairing
• Neutral Sentiment: HD is drawing elevated investor attention and search interest; heightened focus can increase volatility (both buying and selling) around company news and earnings. HD Attracting Investor Attention
• Negative Sentiment: A consumer/ad story has triggered negative press and selling pressure (“You Killed Us” headline), suggesting brand/reputation risk that could affect traffic or sentiment in the near term. TipRanks: Ad Backlash Story
• Negative Sentiment: An EVP (Teresa Wynn Roseborough) disclosed a sale of ~2,872 shares late last week, trimming her stake — insider selling can be interpreted negatively by some investors even if for personal reasons. Insider Sale Filing
• Negative Sentiment: Pomerantz LLP announced an investigation into Home Depot on behalf of investors, signaling potential securities litigation risk that could increase costs, distraction and downside volatility. Pomerantz Investigates

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on HD shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $424.00 price target on shares of Home Depot in a research report on Wednesday, December 10th. Royal Bank Of Canada dropped their target price on Home Depot from $376.00 to $366.00 and set a “sector perform” rating on the stock in a report on Wednesday, December 10th. Sanford C. Bernstein reiterated a “market perform” rating and set a $362.00 price target on shares of Home Depot in a report on Monday, November 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Home Depot in a research report on Monday. Finally, HSBC dropped their price objective on Home Depot from $445.00 to $400.00 and set a “hold” rating on the stock in a research note on Wednesday, November 19th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $402.10.

About Home Depot

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.