BlackRock Amends Home Depot Stake, Signals Portfolio Adjustment

TL;DR

**BlackRock just updated its Home Depot stake, watch for market reaction.**

AI Summary

BlackRock Inc. filed an amended Schedule 13G/A on January 26, 2024, indicating a change in its ownership of The Home Depot Inc. common stock as of December 31, 2023. This amendment, number 12, updates BlackRock's previously reported stake in the home improvement retailer. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in its investment strategy or outlook on Home Depot's future performance, potentially influencing other investors' decisions.

Why It Matters

Changes in large institutional holdings like BlackRock's can influence market sentiment and stock price, as they often reflect a deep analysis of the company's prospects.

Risk Assessment

Risk Level: low — This filing is a routine update from a large institutional investor and does not inherently signal high risk, but rather a change in ownership percentage.

Analyst Insight

Investors should monitor subsequent filings from BlackRock or other major institutions for Home Depot to understand the full scope of any portfolio adjustments, as this filing alone doesn't detail the magnitude of the change.

Key Players & Entities

• BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
• The Home Depot Inc. (company) — the subject company whose stock is being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 26, 2024 (date) — the date the SC 13G/A was filed
• 437076102 (number) — the CUSIP number for Home Depot's common stock

FAQ

From the Filing

0001086364-24-004603.txt : 20240126 0001086364-24-004603.hdr.sgml : 20240126 20240126162342 ACCESSION NUMBER: 0001086364-24-004603 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HOME DEPOT, INC. CENTRAL INDEX KEY: 0000354950 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS [5211] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 953261426 STATE OF INCORPORATION: DE FISCAL YEAR END: 0128 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-33175 FILM NUMBER: 24568132 BUSINESS ADDRESS: STREET 1: 2455 PACES FERRY ROAD CITY: ATLANTA STATE: GA ZIP: 30339-4024 BUSINESS PHONE: 770-433-8211 MAIL ADDRESS: STREET 1: 2455 PACES FERRY ROAD CITY: ATLANTA STATE: GA ZIP: 30339-4024 FORMER COMPANY: FORMER CONFORMED NAME: HOME DEPOT INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us4370761029_012624.txt us4370761029_012624.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 12) THE HOME DEPOT INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 437076102 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 437076102 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 63680228 (6) Shared voting power 0 (7) Sole dispositive power 71124615 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 71124615 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 7.1% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- THE HOME DEPOT INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 2455 PACES FERRY ROAD ATLANTA GA 30339-4024 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- Bl