Manning & Napier Advisors LLC Reduces Stake in The Home Depot, Inc. $HD

Manning & Napier Advisors LLC cut its stake in The Home Depot, Inc. (NYSE:HD) by 96.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 581 shares of the home improvement retailer’s stock after selling 16,733 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Home Depot were worth $235,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HD. Centerpoint Advisory Group boosted its holdings in Home Depot by 0.8% in the 2nd quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock valued at $1,160,000 after purchasing an additional 26 shares during the last quarter. Disciplined Investors L.L.C. increased its holdings in shares of Home Depot by 2.3% during the 2nd quarter. Disciplined Investors L.L.C. now owns 1,178 shares of the home improvement retailer’s stock worth $432,000 after buying an additional 26 shares during the last quarter. Brio Consultants LLC raised its position in shares of Home Depot by 4.7% during the 2nd quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock valued at $210,000 after buying an additional 26 shares during the period. Emprise Bank lifted its holdings in Home Depot by 0.8% in the third quarter. Emprise Bank now owns 3,135 shares of the home improvement retailer’s stock valued at $1,270,000 after acquiring an additional 26 shares during the last quarter. Finally, BWM Planning LLC lifted its holdings in Home Depot by 0.7% in the second quarter. BWM Planning LLC now owns 4,105 shares of the home improvement retailer’s stock valued at $1,505,000 after acquiring an additional 27 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Up 0.8%

Shares of HD stock opened at $378.92 on Friday. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $426.75. The company has a 50 day moving average price of $354.64 and a 200 day moving average price of $378.01. The stock has a market capitalization of $377.22 billion, a P/E ratio of 25.83, a price-to-earnings-growth ratio of 14.01 and a beta of 1.08. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05.

Home Depot (NYSE:HD) last issued its quarterly earnings results 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 business had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $3.78 EPS. 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 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced 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. This represents a $9.20 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, December 4th. Home Depot’s payout ratio is presently 62.71%.

Insiders Place Their Bets

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of the company’s 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 owned 12,320 shares in the company, valued at $4,413,763.20. This represents a 1.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 sale, the executive vice president directly owned 3,941 shares in the company, 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 have sold a total of 4,963 shares of company stock worth $1,748,845 in the last quarter. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HD has been the subject of several recent analyst reports. Wall Street Zen cut Home Depot from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Citigroup lowered their price target on Home Depot from $422.00 to $407.00 and set a “buy” rating for the company in a report on Friday, November 21st. HSBC reduced their price objective on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating on the stock in a report on Wednesday, November 19th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $413.00 target price on shares of Home Depot in a research report on Wednesday, December 10th. Finally, Piper Sandler dropped their price target on shares of Home Depot from $450.00 to $441.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $402.67.

More Home Depot News

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

• Positive Sentiment: Home Depot is accelerating its AI strategy — the company is rolling out AI-driven shopping and personalization efforts that management says will improve the online shopping experience, omnichannel sales and long-term customer retention. Investors view technology adoption as a potential driver of sales/margin expansion. Home Depot Deepens Push Into AI
• Neutral Sentiment: Independent DCF/valuation work was published calculating Home Depot’s intrinsic value; such analyses can support buy/hold decisions if they show undervaluation but are model-dependent. This is useful for longer-term value investors but less likely to move near-term trading unless it contrasts with consensus. The Home Depot, Inc.: Our Calculation Of Intrinsic Value
• Neutral Sentiment: Options activity shows large institutional/“whale” bets around HD; heavy call or put flows can signal hedging or directional conviction but require interpretation of strikes and expiries. This highlights elevated positioning but not a definitive directional catalyst. Market Whales and Their Recent Bets on Home Depot Options
• Negative Sentiment: A published bearish thesis summarized risks to Home Depot including valuation tailwinds fading, slower comps, and margin pressure — a reminder that elevated P/E metrics and a high debt-to-equity ratio are watch points for bears. This keeps downside risk on investors’ radars. The Home Depot, Inc. (HD): A Bear Case Theory
• Negative Sentiment: Regulatory filing shows Rep. Gilbert Cisneros sold HD shares — insider sales can be perceived negatively even when routine, especially if clustered with other exits. Such transactions sometimes weigh on sentiment in the short term. Rep. Gilbert Ray Cisneros, Jr. Sells The Home Depot, Inc. (NYSE:HD) Stock
• Neutral Sentiment: Media pieces (TipRanks, MarketBeat roundups) noted that HD briefly slid after AI-plan headlines but that the stock remains in a trading range; such coverage reflects short-term volatility rather than new fundamental information. Home Depot Stock (NYSE:HD) Slips Despite New AI-Driven Shopping Plan

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.