The Home Depot, Inc. $HD Stake Increased by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 28.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,593 shares of the home improvement retailer’s stock after buying an additional 2,140 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Home Depot were worth $3,887,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Home Depot by 1.5% in the second quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock worth $35,922,952,000 after purchasing an additional 1,494,615 shares in the last quarter. State Street Corp increased its stake in Home Depot by 0.7% in the 2nd quarter. State Street Corp now owns 46,015,836 shares of the home improvement retailer’s stock valued at $16,871,246,000 after buying an additional 300,352 shares during the period. Geode Capital Management LLC increased its stake in 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 buying an additional 327,674 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Home Depot by 1.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 14,568,860 shares of the home improvement retailer’s stock worth $5,341,724,000 after buying an additional 153,582 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Home Depot during the 2nd quarter valued at $4,885,603,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Up 1.3%

Shares of Home Depot stock opened at $379.73 on Wednesday. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $426.75. 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 stock has a 50 day moving average price of $354.42 and a two-hundred day moving average price of $378.02. The stock has a market capitalization of $378.02 billion, a P/E ratio of 25.88, a PEG ratio of 13.97 and a beta of 1.08.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share 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 analyst estimates of $41.06 billion. During the same quarter in the previous year, the firm posted $3.78 earnings per share. Home Depot’s quarterly revenue was up 2.8% compared to the same quarter last year. 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 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a $2.30 dividend. The ex-dividend date was Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. Home Depot’s payout ratio is presently 62.71%.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Rilla AI partnership — The Home Depot will deploy Rilla’s real-time coaching tools to improve frontline selling and service, which could lift store productivity and customer conversion over time. The Home Depot to Advance Customer Experience Using Rilla’s AI-Powered Coaching
• Positive Sentiment: Google Cloud / agentic AI push — Home Depot is expanding its Google Cloud relationship to build personalized, AI-driven customer and pro experiences, a strategic move that can boost digital sales, pro retention, and long-term margins. Home Depot Goes All-In On Agentic AI With Google Cloud
• Positive Sentiment: Rotation to value supports HD — Market commentary highlights a shift from high-growth tech into stable, dividend-paying value names (including consumer staples/retailers like Home Depot), which can attract flows into HD as investors seek income and lower duration risk. Tech Wreck or Valuation Reset? Rotating to Value in 2026 (HD)
• Positive Sentiment: Housing / pro demand narrative — Coverage noting Home Depot’s positioning for a housing rebound and new housing plans suggests upside if rate cuts materialize and activity returns in remodeling and new-build supply chains. Home Depot Stock (NYSE:HD) Gains With New Housing Plans
• Positive Sentiment: High-profile endorsement — Jim Cramer highlighted Home Depot as meaningful exposure to housing in charitable-trust commentary, which can drive short-term interest from retail/ETF flows. Jim Cramer Highlights Home Depot as the Charitable Trust’s “Only Housing Exposure”
• Positive Sentiment: Dividend / defensive appeal — Coverage of “Dogs of the Dow” and dividend-focused lists reinforces Home Depot’s appeal to income-oriented investors during market rotation. The Dogs of the Dow: 10 Downtrodden Dividends Paying Out Up to 6.8%
• Neutral Sentiment: Today’s price action noted — Coverage (Zacks) simply reports HD is trading higher despite a softer market, useful context but not a standalone catalyst. Home Depot (HD) Increases Despite Market Slip: Here’s What You Need to Know
• Neutral Sentiment: Analyst debate on timing — Several outlets (Zacks, Yahoo, Fool) debate whether HD is already priced for the housing recovery; these are balance-of-opinion pieces that may temper enthusiasm for new buyers. Is Home Depot Stock Best Positioned If Rates Ease in 2026?
• Negative Sentiment: Valuation and timing concerns — Coverage asking “Is it too late?” emphasizes stretched valuation metrics and the risk that rate moves/housing activity lag expectations; that debate can cap upside and invite profit-taking. Is It Too Late To Consider Home Depot (HD) After Recent Valuation Signals

Insider Buying and Selling

In other news, EVP Angie Brown sold 1,946 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the firm’s 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 sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 4,963 shares of company stock valued at $1,748,845. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of a number of research reports. Morgan Stanley reaffirmed an “outperform” rating on shares of Home Depot in a research note on Wednesday, December 10th. Piper Sandler dropped their target price on Home Depot from $450.00 to $441.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Guggenheim cut their price target on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Telsey Advisory Group reduced their price target on Home Depot from $430.00 to $410.00 and set an “outperform” rating for the company in a report on Wednesday, December 10th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Home Depot in a report on Monday, December 29th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Home Depot has an average 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.