The Home Depot, Inc. $HD Shares Bought by MassMutual Private Wealth & Trust FSB

Key Points

• MassMutual Private Wealth & Trust FSB increased its stake in Home Depot by 0.6% in Q2, now holding 117,708 shares valued at approximately $43.16 million.
• Several hedge funds, including Vanguard Group and Charles Schwab Investment Management, also boosted their positions in Home Depot during recent quarters.
• Home Depot reported Q2 earnings of $4.68 per share, narrowly missing expectations, with revenues of $45.28 billion, reflecting a 4.9% increase year-over-year.

MassMutual Private Wealth & Trust FSB lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 0.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 117,708 shares of the home improvement retailer's stock after purchasing an additional 646 shares during the quarter. Home Depot comprises about 1.1% of MassMutual Private Wealth & Trust FSB's holdings, making the stock its 19th biggest holding. MassMutual Private Wealth & Trust FSB's holdings in Home Depot were worth $43,156,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Home Depot by 0.8% during the first quarter. Vanguard Group Inc. now owns 96,484,199 shares of the home improvement retailer's stock worth $35,360,494,000 after purchasing an additional 720,447 shares in the last quarter. Asset Planning Services Inc. LA ADV lifted its position in shares of Home Depot by 99,400.7% during the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock worth $6,954,431,000 after purchasing an additional 18,956,701 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Home Depot by 6.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer's stock worth $5,282,398,000 after purchasing an additional 891,326 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Home Depot by 39,194.1% during the first quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer's stock worth $37,517,230,000 after purchasing an additional 10,210,851 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Home Depot by 19.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer's stock worth $3,391,240,000 after buying an additional 1,494,261 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Transactions at Home Depot

In related news, CEO Edward P. Decker sold 32,897 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $397.22, for a total value of $13,067,346.34. Following the completion of the transaction, the chief executive officer owned 122,425 shares of the company's stock, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP William D. Bastek sold 3,783 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the completion of the transaction, the executive vice president directly owned 24,235 shares of the company's stock, valued at $9,941,924.05. The trade was a 13.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,835 shares of company stock worth $19,623,432 in the last ninety days. Company insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HD shares. Morgan Stanley upped their target price on shares of Home Depot from $415.00 to $430.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. DA Davidson restated a "buy" rating and set a $450.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. JPMorgan Chase & Co. lowered their target price on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Guggenheim reiterated a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research report on Wednesday, May 21st. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a report on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $432.52.

Home Depot Trading Up 0.0%

NYSE:HD opened at $422.88 on Tuesday. The company has a market capitalization of $420.93 billion, a PE ratio of 28.73, a price-to-earnings-growth ratio of 4.01 and a beta of 1.00. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The stock has a fifty day simple moving average of $391.13 and a 200-day simple moving average of $372.40.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly 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 for the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, equities research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a $2.30 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.2%. Home Depot's payout ratio is presently 62.50%.

Home Depot Profile

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.

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