Flputnam Investment Management Co. Acquires 20,813 Shares of The Home Depot, Inc. $HD

Flputnam Investment Management Co. grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 26.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 98,131 shares of the home improvement retailer’s stock after buying an additional 20,813 shares during the period. Flputnam Investment Management Co.’s holdings in Home Depot were worth $39,762,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Lionshead Wealth Management LLC increased its stake in shares of Home Depot by 8.5% in the 3rd quarter. Lionshead Wealth Management LLC now owns 2,558 shares of the home improvement retailer’s stock valued at $1,036,000 after acquiring an additional 201 shares in the last quarter. CCM Investment Advisers LLC grew its holdings in Home Depot by 4.7% in the third quarter. CCM Investment Advisers LLC now owns 55,909 shares of the home improvement retailer’s stock worth $22,654,000 after purchasing an additional 2,527 shares during the period. Sharkey Howes & Javer grew its holdings in Home Depot by 5.4% in the third quarter. Sharkey Howes & Javer now owns 1,742 shares of the home improvement retailer’s stock worth $706,000 after purchasing an additional 89 shares during the period. Clarity Financial LLC increased its stake in Home Depot by 43.6% in the third quarter. Clarity Financial LLC now owns 879 shares of the home improvement retailer’s stock valued at $356,000 after purchasing an additional 267 shares in the last quarter. Finally, Falcon Wealth Planning raised its holdings in shares of Home Depot by 39.5% during the third quarter. Falcon Wealth Planning now owns 4,718 shares of the home improvement retailer’s stock valued at $1,912,000 after purchasing an additional 1,336 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other news, EVP Ann Marie Campbell sold 145 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total value of $51,947.70. Following the completion of the transaction, the executive vice president directly owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $695,947.98. Following the sale, the executive vice president directly owned 3,941 shares of the company’s stock, valued at $1,409,419.83. The trade was a 33.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. KGI Securities downgraded Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 target price for the company. in a research note on Wednesday, November 19th. Wolfe Research cut their price target on Home Depot from $423.00 to $414.00 and set an “outperform” rating on the stock in a report on Wednesday, December 10th. Robert W. Baird reduced their price objective on Home Depot from $450.00 to $415.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Evercore ISI lowered their target price on Home Depot from $450.00 to $425.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. Finally, DZ Bank reiterated a “sell” rating on shares of Home Depot in a report on Tuesday, November 18th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $402.07.

Home Depot News Summary

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

• Positive Sentiment: Analyst upgrade lifted buying interest — a recent upgrade pushed shares higher earlier in the session, giving the stock short-term support as analysts reiterate confidence in HD’s fundamentals. Home Depot (NYSE:HD) Shares Up 1.1% on Analyst Upgrade
• Positive Sentiment: Daiwa raised its price target to $360 — a higher target provides an additional analyst-backed valuation floor that can stabilize sentiment after the recent pullback. Daiwa Capital Markets Boosts Home Depot (NYSE:HD) Price Target to $360.00
• Positive Sentiment: Holiday marketing boost — a New York Times piece highlights that a new Home Depot ad promoting live-cut Christmas trees is resonating with tree farmers and could support seasonal foot traffic and sales. Real or Fake? There’s a War Over Christmas … Trees.
• Positive Sentiment: Long-term performance narrative remains strong — pieces summarizing 15-year returns remind investors of HD’s long-term compounding, supporting buy-and-hold conviction. Here’s How Much You Would Have Made Owning Home Depot Stock In The Last 15 Years
• Neutral Sentiment: Supply-chain commentary is mixed — a report notes Home Depot has “significantly increased the speed of our delivery,” yet the headline notes the stock sank despite those improvements, suggesting the market may have already priced in operational progress. “…Significantly Increased the Speed of Our Delivery”: Home Depot Stock (NYSE:HD) Sinks Despite Supply Chain Improvements
• Neutral Sentiment: Analyst/strategy checkups and competitor comparisons — several articles review post-earnings momentum, valuation after a pullback, and HD vs. Lowe’s; useful for longer-horizon allocation decisions but less likely to drive abrupt moves today. Home Depot (HD) Up 6.7% Since Last Earnings Report: Can It Continue?
• Negative Sentiment: Insider selling flagged — recent insider sales are being reported and have pressured sentiment; investors watch insider activity as a governance/near-term signal. Home Depot (NYSE:HD) Shares Down 1.2% Following Insider Selling
• Negative Sentiment: Reputational risk from parking-lot tactics — reports that Home Depot deployed noise machines to deter day laborers have drawn criticism and could create reputational/regulatory scrutiny, a near-term negative for sentiment. “Caused Headaches and Nausea”: Home Depot Turns to Noise Machines to Run Off Day Laborers, Home Depot Stock (NYSE:HD) Notches Up

Home Depot Stock Down 2.7%

Shares of NYSE:HD opened at $345.45 on Monday. The business’s 50 day moving average is $365.41 and its 200 day moving average is $378.79. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $426.75. The stock has a market cap of $343.90 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 12.85 and a beta of 1.06. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82.

Home Depot (NYSE:HD) last released its quarterly 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 company had revenue of $41.35 billion during 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 quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were issued a dividend of $2.30 per share. The ex-dividend date was Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.7%. Home Depot’s payout ratio is 62.71%.

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.