Confluence Investment Management LLC Sells 5,845 Shares of The Home Depot, Inc. $HD

Confluence Investment Management LLC trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 345,296 shares of the home improvement retailer’s stock after selling 5,845 shares during the period. Home Depot makes up approximately 2.0% of Confluence Investment Management LLC’s holdings, making the stock its 12th largest position. Confluence Investment Management LLC’s holdings in Home Depot were worth $139,911,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after buying an additional 7,203 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new position in Home Depot in the 1st quarter worth about $480,000. PKS Advisory Services LLC grew its position in Home Depot by 6.1% during the 1st quarter. PKS Advisory Services LLC now owns 2,413 shares of the home improvement retailer’s stock valued at $884,000 after purchasing an additional 139 shares during the last quarter. Avalon Global Asset Management LLC grew its position in Home Depot by 1.4% during the 1st quarter. Avalon Global Asset Management LLC now owns 43,200 shares of the home improvement retailer’s stock valued at $15,832,000 after purchasing an additional 600 shares during the last quarter. Finally, FORA Capital LLC bought a new stake in Home Depot during the 1st quarter valued at about $2,978,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity

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 value of $695,947.98. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ann Marie Campbell sold 145 shares of the firm’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 transaction of $51,947.70. Following the completion of the transaction, the executive vice president directly owned 12,320 shares in the company, valued at approximately $4,413,763.20. The trade was a 1.16% decrease in their position. The SEC filing for this sale provides additional information. 0.10% of the stock is owned by corporate insiders.

Key Home Depot News

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

• Positive Sentiment: Wolfe Research raised its price target on HD to $415 and kept an “outperform” rating, implying meaningful upside vs. the current price — a direct analyst vote of confidence that can support the stock. Wolfe adjusts price target
• Positive Sentiment: Analysts note Home Depot’s Pro (contractor/commercial) business is performing better than DIY, which can stabilize revenue even if consumer renovation spending softens — a structural positive for margins and predictability. Is Home Depot’s Pro momentum enough
• Neutral Sentiment: Coverage compares HD vs. Lowe’s on AI strategy — Lowe’s is investing in AI as core infrastructure while Home Depot focuses on embedding intelligence into execution, logistics and Pro services. This is strategic positioning rather than an immediate earnings driver. LOW vs HD: AI bet
• Neutral Sentiment: Analyst/video commentary argues Home Depot could lay a 2026 rebound foundation if Fed rate cuts progress, but timing and consumer response remain uncertain — a macro-linked view that supports upside only if rates and housing trends improve. Building 2026 Foundation on Interest Rate Outlook
• Negative Sentiment: Unusually large put-option buying: investors purchased about 46,941 puts (≈47% above average), signaling elevated downside hedging or bearish bets that can increase near-term volatility and pressure the stock.
• Negative Sentiment: Sector/stock skepticism: recent pieces argue the home-improvement sector struggled in 2025 (rates, housing weakness) and one outlet concluded only one of HD or LOW is a buy for 2026 — commentary that can weigh on investor confidence and relative valuation. Only 1 of these is a buy for 2026
• Negative Sentiment: Analysts and commentators note HD underperformed in 2025 and that “timing is the challenge” for a rebound — a reminder that execution and macro timing risk remain key near-term catalysts. Timing is the challenge

Analysts Set New Price Targets

Several brokerages have recently issued reports on HD. Jefferies Financial Group reiterated a “buy” rating and issued a $424.00 target price on shares of Home Depot in a research note on Wednesday, December 10th. Morgan Stanley restated an “outperform” rating on shares of Home Depot in a report on Wednesday, December 10th. Oppenheimer lowered their price objective on Home Depot from $420.00 to $405.00 and set a “market perform” rating on the stock in a research report on Friday, December 5th. Zacks Research lowered Home Depot from a “hold” rating to a “strong sell” rating in a report on Thursday, November 27th. Finally, Wall Street Zen cut Home Depot from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $402.10.

Home Depot Price Performance

Shares of HD opened at $345.07 on Wednesday. The firm has a fifty day simple moving average of $363.90 and a two-hundred day simple moving average of $378.48. The firm has a market cap of $343.52 billion, a PE ratio of 23.52, a P/E/G ratio of 12.90 and a beta of 1.06. 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.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. During the same quarter last year, the business earned $3.78 earnings per share. The business’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. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

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

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.