Maryland State Retirement & Pension System Raises Position in The Home Depot, Inc. $HD

Maryland State Retirement & Pension System boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,615 shares of the home improvement retailer’s stock after buying an additional 1,371 shares during the period. Maryland State Retirement & Pension System’s holdings in Home Depot were worth $20,104,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew 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 valued at $35,922,952,000 after purchasing an additional 1,494,615 shares in the last quarter. State Street Corp grew its position in 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 acquiring an additional 300,352 shares during the period. Geode Capital Management LLC increased its position in shares of Home Depot by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 22,978,809 shares of the home improvement retailer’s stock worth $8,394,611,000 after purchasing an additional 327,674 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings 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 valued at $5,341,724,000 after buying an additional 153,582 shares during the period. Finally, Norges Bank purchased a new stake in Home Depot in the second quarter valued at approximately $4,885,603,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Key Home Depot News

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

• Positive Sentiment: Wall Street analysts are showing renewed optimism on HD, which can boost buyer interest and support the stock. Wall Street Bulls Look Optimistic About Home Depot (HD): Should You Buy?
• Positive Sentiment: Home Depot is expanding its AI efforts—moves that investors view as potential drivers of better e-commerce personalization, operational efficiency and margin resilience. Home Depot Deepens Push Into AI
• Positive Sentiment: Yield-focused investors may be attracted by HD’s dividend profile and inclusion in dividend-themed lists, supporting demand from income investors. The Dogs of the Dow: 10 Downtrodden Dividends Paying Out Up to 6.8%
• Neutral Sentiment: Unusual options activity and large trades have been reported—this shows institutional interest but is ambiguous for directional conviction. Market Whales and Their Recent Bets on Home Depot Options
• Neutral Sentiment: Independent valuation work (DCF) and weekly model updates are circulating; these provide context on fair value but don’t change fundamentals immediately. The Home Depot, Inc.: Our Calculation Of Intrinsic Value
• Neutral Sentiment: A reported sale of HD stock by Rep. Gilbert Ray Cisneros, Jr. was disclosed—insider selling can raise questions but a single disclosed sale is not necessarily a company-level red flag. Rep. Gilbert Ray Cisneros, Jr. Sells The Home Depot, Inc. (NYSE:HD) Stock
• Negative Sentiment: Investor pressure after media reports that surveillance vendor data may have been used by ICE has prompted shareholders to ask HD to review its relationship with Flock Safety—this raises reputational, governance and potential regulatory risk. Amid ICE raids, some Home Depot investors want to know how law enforcement uses its surveillance data
• Negative Sentiment: Bearish commentary and valuation critiques (higher trailing/forward P/E and downside scenarios tied to slowing DIY demand) are surfacing and could weigh on sentiment if macro weakness or discretionary spending softens. The Home Depot, Inc. (HD): A Bear Case Theory

Analyst Ratings Changes

Several research analysts have recently commented on HD shares. BNP Paribas Exane raised their price target on Home Depot from $353.00 to $355.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Piper Sandler lowered their price objective on Home Depot from $450.00 to $441.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. Morgan Stanley upped their target price on Home Depot from $395.00 to $412.00 and gave the company an “overweight” rating in a research report on Thursday. KGI Securities downgraded shares of Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price objective for the company. in a research report on Wednesday, November 19th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Home Depot in a research report on Monday, December 29th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $403.17.

Insider Activity

In other news, EVP Ann Marie Campbell sold 145 shares of Home Depot stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $358.26, for a total transaction of $51,947.70. Following the sale, the executive vice president directly owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. The trade was a 1.16% decrease in their ownership of the stock. The sale was disclosed in a legal 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 dated Friday, December 12th. The shares were sold at an average price of $357.63, for a total value of $695,947.98. Following the completion of the transaction, the executive vice president directly owned 3,941 shares of the company’s stock, valued at $1,409,419.83. This represents a 33.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 4,963 shares of company stock worth $1,748,845 over the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Home Depot stock opened at $380.34 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 firm has a market capitalization of $378.63 billion, a P/E ratio of 25.93, a PEG ratio of 14.16 and a beta of 1.08. The firm has a fifty day moving average of $354.83 and a 200-day moving average of $378.14. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $426.75.

Home Depot (NYSE:HD) last issued its 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 company 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 quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

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

Home Depot Company 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.