TIAA Trust National Association Cuts Stake in The Home Depot, Inc. $HD

TIAA Trust National Association cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 97,386 shares of the home improvement retailer’s stock after selling 613 shares during the period. TIAA Trust National Association’s holdings in Home Depot were worth $35,706,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. MUFG Securities EMEA plc purchased a new stake in Home Depot during the 2nd quarter valued at about $27,498,000. GHP Investment Advisors Inc. raised its holdings in Home Depot by 0.5% in the second quarter. GHP Investment Advisors Inc. now owns 15,170 shares of the home improvement retailer’s stock worth $5,562,000 after buying an additional 72 shares during the last quarter. Plato Investment Management Ltd lifted its stake in shares of Home Depot by 4.6% in the second quarter. Plato Investment Management Ltd now owns 22,383 shares of the home improvement retailer’s stock worth $8,176,000 after buying an additional 987 shares in the last quarter. Frederick Financial Consultants LLC grew its holdings in shares of Home Depot by 14.0% during the second quarter. Frederick Financial Consultants LLC now owns 709 shares of the home improvement retailer’s stock valued at $260,000 after buying an additional 87 shares during the last quarter. Finally, Longbow Finance SA increased its position in shares of Home Depot by 161.1% during the second quarter. Longbow Finance SA now owns 24,217 shares of the home improvement retailer’s stock valued at $8,879,000 after acquiring an additional 14,941 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD opened at $379.75 on Friday. The firm has a market capitalization of $378.00 billion, a P/E ratio of 25.80, a PEG ratio of 3.59 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37. The business has a fifty day moving average of $400.57 and a 200 day moving average of $380.64.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). The firm had revenue of $45.28 billion during the quarter, compared to analysts’ expectations of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.4%. The ex-dividend date was Thursday, September 4th. Home Depot’s payout ratio is 62.50%.

Insider Buying and Selling at Home Depot

In other news, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total transaction of $404,070.00. Following the transaction, the executive vice president owned 3,837 shares in the company, valued at $1,550,416.59. This trade represents a 20.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP William D. Bastek sold 2,303 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the completion of the sale, the executive vice president owned 24,235 shares of the company’s stock, valued at $10,254,313.20. This trade represents a 8.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 48,835 shares of company stock valued at $19,623,432 in the last quarter. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the topic of several analyst reports. Stifel Nicolaus upped their price objective on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research report on Monday, August 18th. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Oppenheimer increased their price objective on Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research report on Thursday, September 25th. Robert W. Baird lifted their price objective on Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. Finally, Mizuho upped their target price on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $434.35.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.