CENTRAL TRUST Co Trims Position in The Home Depot, Inc. $HD

CENTRAL TRUST Co trimmed its position in The Home Depot, Inc. (NYSE:HD) by 3.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 83,154 shares of the home improvement retailer’s stock after selling 2,785 shares during the period. CENTRAL TRUST Co’s holdings in Home Depot were worth $33,693,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. WealthPlan Investment Management LLC bought a new position in Home Depot in the 2nd quarter worth $1,149,000. Silphium Asset Management Ltd grew its holdings in Home Depot by 77.2% during the third quarter. Silphium Asset Management Ltd now owns 13,544 shares of the home improvement retailer’s stock valued at $5,488,000 after purchasing an additional 5,900 shares during the period. West Family Investments Inc. grew its holdings in Home Depot by 65.6% during the second quarter. West Family Investments Inc. now owns 3,630 shares of the home improvement retailer’s stock valued at $1,331,000 after purchasing an additional 1,438 shares during the period. Truist Financial Corp increased its position in Home Depot by 0.3% in the third quarter. Truist Financial Corp now owns 1,095,113 shares of the home improvement retailer’s stock worth $443,729,000 after buying an additional 3,608 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in shares of Home Depot by 2.3% in the third quarter. Asset Management One Co. Ltd. now owns 534,564 shares of the home improvement retailer’s stock worth $216,600,000 after buying an additional 12,239 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HD. Telsey Advisory Group cut their price objective on Home Depot from $430.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, December 10th. Daiwa Securities Group upped their price target on shares of Home Depot from $348.00 to $360.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 16th. Zacks Research raised shares of Home Depot from a “strong sell” rating to a “hold” rating in a research note on Monday. HSBC lowered their target price on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating on the stock in a research note on Wednesday, November 19th. Finally, Oppenheimer cut their price target on Home Depot from $420.00 to $405.00 and set a “market perform” rating for the company in a research note on Friday, December 5th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $407.23.

Insiders Place Their Bets

In related news, EVP Teresa Wynn Roseborough sold 2,872 shares of the business’s stock in a transaction on Friday, December 26th. The shares were sold at an average price of $348.52, for a total value of $1,000,949.44. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Angie Brown sold 1,946 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $357.63, for a total transaction of $695,947.98. Following the sale, the executive vice president directly owned 3,941 shares in the company, valued at approximately $1,409,419.83. The trade was a 33.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,963 shares of company stock valued at $1,748,845 in the last quarter. 0.10% of the stock is currently owned by insiders.

Home Depot Stock Performance

HD opened at $390.13 on Friday. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The stock has a market capitalization of $388.38 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 13.95 and a beta of 1.08. The company has a fifty day moving average of $365.43 and a 200 day moving average of $379.88. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $426.75.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). The company had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the company earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal 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 paid a $2.30 dividend. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a 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: Zacks upgraded HD from “strong sell” to “hold,” which reduces near-term sell-side pressure and can support the share price or stabilize sentiment. Zacks Upgrade
• Positive Sentiment: Options traders and retail-focused writeups (Investors Business Daily) are highlighting bullish option strategies as HD approaches a technical breakout — a sign of growing short-term bullish positioning that can amplify upside if earnings/consensus catalysts follow through. As Home Depot Stock Nears Breakout, Here’s A Bullish Option Play
• Neutral Sentiment: Investor letters and narrative pieces (Carillon Tower/InsiderMonkey, Yahoo finance coverage) are re-evaluating whether to hold HD within diversified portfolios after 2025 market moves; these are broad context pieces that rarely move the stock by themselves. Should You Hold The Home Depot (HD)?
• Neutral Sentiment: Analyst roundups (The Globe and Mail) offering sector comparisons and model updates provide background on consensus expectations but contain no single major revision. Analysts Offer Insights on Consumer Cyclical Companies
• Negative Sentiment: Gordon Haskett raised its price target to $370 from $330 but kept a “hold” rating — the new $370 PT still implies downside versus the current share level, which can be interpreted as limited upside from here and may weigh on momentum. Gordon Haskett Adjusts Price Target on Home Depot TickerReport
• Negative Sentiment: Reuters reports that Brad Jacobs’ QXO is buying Kodiak for ~$2.25B to build a larger building-products distributor aimed at Home Depot and Lowe’s — increased distribution consolidation and a more aggressive pro-channel competitor could pressure Home Depot’s pro-sales growth and margins over time. Jacobs’ QXO to buy Kodiak

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.