In the third quarter, Allspring Global Investments Holdings LLC boosted its stake in The Home Depot by 60.8%, acquiring an additional 155,893 shares to reach a total holding of 412,323 shares valued at approximately $163.7 million. Conversely, Diversified Trust Co. trimmed its position by 25.3%, selling 10,321 shares to hold 30,416 shares worth about $12.3 million. Combined, hedge funds and other institutional investors now account for 70.86% of the company’s shares outstanding.

Over the past quarter, executive vice presidents have sold a total of 4,963 shares of Home Depot stock, generating net proceeds of $1.75 million. The largest transaction was by EVP Teresa Wynn Roseborough, who reduced her holding by 17.9% through the sale of 2,872 shares. Ann Marie Campbell also sold 145 shares, representing a 1.16% decrease in her ownership. Despite these dispositions, corporate insiders collectively retain only 0.10% of the company’s shares.

Since mid-November, five major brokerages have adjusted their outlook on the stock. HSBC lowered its target from $445 to $400 and maintained a hold rating; DA Davidson cut its target from $430 to $407 while keeping a buy recommendation; Wells Fargo trimmed its target from $400 to $395 with an overweight stance; Wall Street Zen downgraded to a sell rating; Goldman Sachs reaffirmed its buy rating with a $413 target. Overall, analysts’ consensus remains at “Moderate Buy,” based on 21 buy, 11 hold and 2 sell recommendations, and a mean price objective of $402.10.

In its latest quarterly report, Home Depot posted revenue of $41.35 billion, a 2.8% year-over-year increase, but missed consensus EPS estimates by $0.09, reporting $3.74 per share. Return on equity stood at 160.74% and net margin at 8.77%. The company reaffirmed full-year guidance of 14.478 EPS and declared a quarterly dividend of $2.30 per share, translating to an annualized payout of $9.20 and a dividend yield of 2.7%.