Eastern Bank Has $36.72 Million Stock Position in The Home Depot, Inc. $HD

Eastern Bank trimmed its stake in The Home Depot, Inc. (NYSE:HD) by 7.0% during the third quarter, HoldingsChannel.com reports. The fund owned 90,635 shares of the home improvement retailer’s stock after selling 6,843 shares during the quarter. Eastern Bank’s holdings in Home Depot were worth $36,724,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HD. Norges Bank acquired a new stake in shares of Home Depot during the 2nd quarter worth about $4,885,603,000. Laurel Wealth Advisors LLC grew its position in Home Depot by 36,207.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 10,076,783 shares of the home improvement retailer’s stock worth $3,694,552,000 after acquiring an additional 10,049,029 shares during the last quarter. Valeo Financial Advisors LLC increased its holdings in Home Depot by 16,746.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 4,537,880 shares of the home improvement retailer’s stock valued at $1,663,768,000 after purchasing an additional 4,510,944 shares in the last quarter. Vanguard Group Inc. raised its position in Home Depot by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock valued at $35,922,952,000 after purchasing an additional 1,494,615 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new position in Home Depot in the 2nd quarter valued at $418,486,000. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Bank of America decreased their target price on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. HSBC reduced their price target on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. The Goldman Sachs Group restated a “buy” rating and issued a $413.00 price objective on shares of Home Depot in a research report on Wednesday, December 10th. Daiwa Capital Markets boosted their target price on shares of Home Depot from $348.00 to $360.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 16th. Finally, Wolfe Research increased their price target on shares of Home Depot from $414.00 to $415.00 and gave the company an “outperform” rating in a research note on Monday, December 22nd. Twenty-one analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $402.10.

More Home Depot News

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

• Positive Sentiment: Rilla partnership — The Home Depot announced a deal to deploy Rilla’s AI-powered coaching for store/service teams, which could boost frontline productivity, improve sales/service quality and drive incremental same-store performance over time. The Home Depot to Advance Customer Experience Using Rilla’s AI-Powered Coaching
• Positive Sentiment: Jim Cramer spotlight — Media coverage flagged by Jim Cramer highlighted Home Depot as a preferred way to play housing/exposure in certain trust portfolios, which can draw retail/institutional attention and support demand. Jim Cramer Highlights Home Depot as the Charitable Trust’s “Only Housing Exposure”
• Positive Sentiment: Value-rotation tailwind — Market commentary on a rotation from expensive tech into value names cites Home Depot as a defensive, dividend-paying consumer-stock beneficiary, which could attract flows if risk sentiment shifts away from growth. Tech Wreck or Valuation Reset? Rotating to Value in 2026 (HD)
• Positive Sentiment: Recent resilience — Market coverage noted HD rising on some sessions despite broader market weakness, signaling relative strength and investor appetite for defensive names. Home Depot (HD) Increases Despite Market Slip: Here’s What You Need to Know
• Neutral Sentiment: Valuation debate — Several pieces ask whether HD’s current valuation leaves upside limited for new buyers; these are analytical pieces that could slow momentum if investors decide the stock is fully priced. Is It Too Late To Consider Home Depot (HD) After Recent Valuation Signals
• Neutral Sentiment: Dividend appeal / Dogs of the Dow coverage — Inclusion in dividend-focused lists or Dow-themed screens highlights income investors’ interest but is unlikely to be a major short-term price driver. The Dogs of the Dow: 10 Downtrodden Dividends Paying Out Up to 6.8%
• Neutral Sentiment: Market timing lists — General “target/avoid” roundups for post-holiday trading reference macro volatility and sector rotation; they may influence short-term flows but offer no company-specific news. 25 Stocks to Target (and Avoid) After MLK Day
• Negative Sentiment: Investor skepticism on AI shopping plan — Coverage noted Home Depot’s stock slipped even after news of a new AI-driven shopping initiative, suggesting investors may be unimpressed by the plan’s near-term revenue/ROI implications or are more focused on macro/valuation headwinds. Home Depot Stock (NYSE:HD) Slips Despite New AI-Driven Shopping Plan

Home Depot Stock Down 1.1%

Shares of NYSE HD opened at $375.62 on Thursday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $426.75. The firm’s 50-day moving average is $354.45 and its 200-day moving average is $378.01. 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 firm has a market capitalization of $373.94 billion, a PE ratio of 25.60, a price-to-earnings-growth ratio of 14.15 and a beta of 1.08.

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

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were given a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.71%.

Insider Buying and Selling

In related news, EVP Angie Brown sold 1,946 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $357.63, for a total value of $695,947.98. Following the completion of the sale, the executive vice president owned 3,941 shares in the company, valued at approximately $1,409,419.83. This represents a 33.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $348.52, for a total value of $1,000,949.44. Following the completion of the transaction, the executive vice president directly owned 13,196 shares in the company, valued at $4,599,069.92. The trade was a 17.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,963 shares of company stock valued at $1,748,845 over the last three months. Company insiders own 0.10% of the company’s stock.

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.