LGT Fund Management Co Ltd. Sells 4,661 Shares of The Home Depot, Inc. $HD

LGT Fund Management Co Ltd. cut its holdings in The Home Depot, Inc. (NYSE:HD) by 26.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,923 shares of the home improvement retailer’s stock after selling 4,661 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Home Depot were worth $5,131,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HD. Vanguard Group Inc. increased its position in Home Depot by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 98,310,031 shares of the home improvement retailer’s stock valued at $39,834,241,000 after acquiring an additional 331,217 shares in the last quarter. State Street Corp lifted its position in shares of Home Depot by 0.7% during 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 purchasing an additional 300,352 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Home Depot by 1.4% during the second 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 purchasing an additional 327,674 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Home Depot by 1.1% during the second 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 purchasing an additional 153,582 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Home Depot in the second quarter valued at approximately $4,885,603,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot News Roundup

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

• Positive Sentiment: Launched a real‑time GPS delivery tracker for big & bulky materials aimed at Pro customers — this product should reduce jobsite downtime, deepen contractor relationships and increase service stickiness for Home Depot’s high-value Pro channel. PR Newswire: Delivery Tracker
• Positive Sentiment: Bullish media endorsement from Jim Cramer — he flagged HD as a core holding for when rates are cut, which can lift investor interest in cyclical/interest-rate-sensitive names. MSN: Jim Cramer
• Positive Sentiment: Dividend increased to $2.33 quarterly (annualized $9.32, ~2.6% yield) — supports income investor demand and underscores management’s confidence in cash flow. MarketBeat: HD overview
• Neutral Sentiment: Institutional repositioning — several smaller institutional buys reported in Q4 but overall ownership remains concentrated (≈71% institutional). These moves are incremental and not large directional shifts. MarketBeat: Institutional activity
• Neutral Sentiment: Mixed analyst coverage — majority of analysts rate HD Buy/Moderate Buy with a consensus target above the current price, but several firms trimmed targets recently; investors watch revisions for guidance on earnings momentum. Yahoo: Buy/Sell/Hold discussion
• Negative Sentiment: Insider selling — CFO Richard McPhail sold 2,550 shares (~$940k). Insider sales can prompt short‑term selling or investor caution even when not uncommon. InsiderTrades: CFO sale
• Negative Sentiment: Top‑line softness and valuation pressure — Q4 revenue fell ~3.8% YoY despite an EPS beat, and some commentary/articles flag valuation concerns relative to growth. High leverage (debt/equity ~3.6) and a payout ratio near ~65% increase sensitivity to slower sales. Yahoo: Delivery tracker + valuation note

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HD shares. KGI Securities cut Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 target price for the company. in a research note on Wednesday, November 19th. Zacks Research raised Home Depot from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Truist Financial set a $424.00 price target on Home Depot in a report on Tuesday, February 24th. Evercore dropped their price objective on Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Finally, Stifel Nicolaus cut their target price on shares of Home Depot from $370.00 to $350.00 and set a “hold” rating on the stock in a research report on Monday, December 1st. Twenty investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $416.00.

Home Depot Stock Down 0.9%

Shares of Home Depot stock opened at $358.28 on Monday. The business has a fifty day simple moving average of $373.58 and a 200 day simple moving average of $378.45. The stock has a market cap of $356.67 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 12.86 and a beta of 1.09. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $426.75.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.20. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The firm had revenue of $38.20 billion for the quarter, compared to analyst estimates of $38.01 billion. During the same quarter in the prior year, the firm posted $3.13 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be given a $2.33 dividend. The ex-dividend date is Thursday, March 12th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.6%. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s dividend payout ratio is 64.65%.

Insider Activity

In related news, EVP Ann Marie Campbell sold 145 shares of Home Depot stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the transaction, the executive vice president owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This trade represents a 1.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Angie Brown sold 1,946 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. This represents a 33.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 7,513 shares of company stock valued at $2,689,515. Insiders own 0.10% of the company’s stock.

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.