Adams Diversified Equity Fund Inc. Grows Holdings in The Home Depot, Inc. $HD

Adams Diversified Equity Fund Inc. grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 112.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,700 shares of the home improvement retailer’s stock after buying an additional 42,800 shares during the quarter. Home Depot accounts for 1.1% of Adams Diversified Equity Fund Inc.’s investment portfolio, making the stock its 24th biggest position. Adams Diversified Equity Fund Inc.’s holdings in Home Depot were worth $32,699,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted 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 worth $35,922,952,000 after buying an additional 1,494,615 shares during the last quarter. State Street Corp increased its holdings in shares of Home Depot by 0.7% in the second quarter. State Street Corp now owns 46,015,836 shares of the home improvement retailer’s stock worth $16,871,246,000 after buying an additional 300,352 shares during the period. Geode Capital Management LLC lifted its stake in shares of Home Depot by 1.4% in 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 acquiring an additional 327,674 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings 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 valued at $5,341,724,000 after acquiring an additional 153,582 shares during the period. Finally, Norges Bank bought a new stake in Home Depot in the second quarter valued at approximately $4,885,603,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,872 shares of Home Depot stock in a transaction 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 in the company, valued at approximately $4,599,069.92. The trade was a 17.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Angie Brown sold 1,946 shares of the stock in a transaction on 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 directly 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 disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 4,963 shares of company stock worth $1,748,845. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HD. Piper Sandler cut their target price on shares of Home Depot from $450.00 to $441.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Wolfe Research boosted their price objective on shares of Home Depot from $414.00 to $415.00 and gave the company an “outperform” rating in a research report on Monday, December 22nd. Robert W. Baird lowered their price objective on shares of Home Depot from $450.00 to $415.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Zacks Research lowered shares of Home Depot from a “hold” rating to a “strong sell” rating in a report on Thursday, November 27th. Finally, Daiwa Capital Markets lifted their price objective on Home Depot from $348.00 to $360.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 16th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $402.10.

Home Depot Trading Up 3.0%

HD opened at $359.65 on Friday. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $426.75. The stock has a market cap of $358.03 billion, a PE ratio of 24.52, a PEG ratio of 13.00 and a beta of 1.08. The business has a 50 day moving average of $354.64 and a 200-day moving average of $377.51.

Home Depot (NYSE:HD) last issued its quarterly earnings results 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). The firm had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.Home Depot’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities research analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were paid a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.6%. Home Depot’s payout ratio is presently 62.71%.

Key Headlines Impacting Home Depot

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

• Positive Sentiment: Broad market tailwind — gains in Home Depot contributed to a large Dow rally, supporting the stock’s rise. Nike, Home Depot share gains contribute to Dow’s nearly 225-point jump
• Positive Sentiment: Investor rotation into cash-rich retailers and renovation-focused demand is creating favorable sector-level momentum for HD. Investor Shift To Cash-Rich Retailers And Renovation Trend Could Be A Game Changer For Home Depot (HD)
• Positive Sentiment: Vendor response eased a recent PR/ESG concern, which TipRanks says helped lift the stock after criticism around greenhouse waste. “…Conduct Business in a Responsible Manner”: Home Depot Stock Surges With Kurt Weiss Greenhouses Response
• Positive Sentiment: Analyst/feature pieces framing HD as a recovery/“fixer‑upper” play on consumer spending and remodeling support longer‑term demand expectations. Home Depot: A Fixer-Upper
• Neutral Sentiment: Local enforcement/immigration headlines (Phoenix raid) have been mentioned in the press but have produced limited lasting impact on fundamentals so far. Phoenix Raid Lands Four Day Laborers, Home Depot Stock Notches Up
• Negative Sentiment: Unusual options activity: traders bought a large block of puts (57,026 on Jan. 8; put volume up ~71% vs typical), which can signal hedging or short‑bet interest and increases downside risk. Home Depot Unusual Options Activity
• Negative Sentiment: Legal risk: Pomerantz has launched an investor investigation into Home Depot, introducing potential litigation over prior disclosures. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims
• Negative Sentiment: Guidance trimmed versus consensus: FY‑2025 EPS was set at 14.478 vs analysts’ 14.510 and revenue guidance missed consensus slightly, which is a modest near‑term headwind for expectations.

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.