UMB Bank n.a. Cuts Position in The Home Depot, Inc. $HD

Key Points

• UMB Bank n.a. reduced its position in The Home Depot, Inc. by 1.7%, owning 162,778 shares valued at $59.68 million, making it the bank's 25th largest holding.
• Insider selling activity was noted, with two executives selling significant amounts of shares, leading to an overall decrease in their holdings.
• Despite missing earnings estimates recently, Home Depot has set a fiscal year 2025 EPS guidance of $14.94, and analysts remain optimistic with several "buy" ratings and a consensus price target of $435.00.

UMB Bank n.a. trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 162,778 shares of the home improvement retailer's stock after selling 2,877 shares during the period. Home Depot makes up 0.9% of UMB Bank n.a.'s investment portfolio, making the stock its 25th largest holding. UMB Bank n.a.'s holdings in Home Depot were worth $59,681,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Global X Japan Co. Ltd. purchased a new stake in Home Depot during the second quarter valued at approximately $40,000. Bridge Creek Capital Management LLC increased its stake in shares of Home Depot by 1.6% in the second quarter. Bridge Creek Capital Management LLC now owns 9,440 shares of the home improvement retailer's stock worth $3,461,000 after purchasing an additional 145 shares in the last quarter. My Legacy Advisors LLC increased its stake in shares of Home Depot by 1.7% in the second quarter. My Legacy Advisors LLC now owns 5,448 shares of the home improvement retailer's stock worth $2,034,000 after purchasing an additional 90 shares in the last quarter. AA Financial Advisors LLC increased its stake in shares of Home Depot by 18.6% in the second quarter. AA Financial Advisors LLC now owns 1,651 shares of the home improvement retailer's stock worth $605,000 after purchasing an additional 259 shares in the last quarter. Finally, Financial Advisory Corp purchased a new stake in shares of Home Depot in the second quarter worth $203,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HD. Morgan Stanley increased their price objective 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 reissued a "buy" rating and set a $450.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Wolfe Research initiated coverage on shares of Home Depot in a research report on Thursday, September 18th. They issued an "outperform" rating and a $497.00 price objective on the stock. JPMorgan Chase & Co. dropped 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. Finally, TD Securities cut shares of Home Depot to a "buy" rating in a research note on Monday, June 2nd. One equities research 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 company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $435.60.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 32,897 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $397.22, for a total value of $13,067,346.34. Following the transaction, the chief executive officer directly owned 122,425 shares of the company's stock, valued at $48,629,658.50. The trade was a 21.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP William D. Bastek sold 2,303 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the sale, the executive vice president directly owned 24,235 shares of the company's stock, valued at $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is currently owned by insiders.

Home Depot Stock Performance

Shares of HD traded down $1.72 on Tuesday, reaching $410.28. 1,337,008 shares of the stock traded hands, compared to its average volume of 3,587,620. The stock's 50-day moving average price is $395.79 and its 200-day moving average price is $373.58. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The firm has a market cap of $408.39 billion, a price-to-earnings ratio of 27.88, a P/E/G ratio of 3.94 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.

Home Depot (NYSE:HD - Get Free Report) last issued 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 net margin of 8.86% and a return on equity of 193.99%. The company's revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot's dividend payout ratio (DPR) is presently 62.50%.

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.