TIAA Trust National Association Sells 613 Shares of The Home Depot, Inc. $HD

TIAA Trust National Association reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 97,386 shares of the home improvement retailer’s stock after selling 613 shares during the quarter. TIAA Trust National Association’s holdings in Home Depot were worth $35,706,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Brighton Jones LLC increased its holdings in shares of Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after buying an additional 7,203 shares during the last quarter. GF Fund Management CO. LTD. bought a new stake in shares of Home Depot during the 1st quarter worth $503,000. Brookstone Capital Management grew its position in Home Depot by 21.7% in the first quarter. Brookstone Capital Management now owns 31,676 shares of the home improvement retailer’s stock worth $11,609,000 after acquiring an additional 5,650 shares in the last quarter. Impax Asset Management Group plc increased its stake in Home Depot by 13.0% in the first quarter. Impax Asset Management Group plc now owns 11,306 shares of the home improvement retailer’s stock valued at $4,144,000 after acquiring an additional 1,301 shares during the last quarter. Finally, Capital Investment Advisory Services LLC increased its stake in Home Depot by 0.9% in the first quarter. Capital Investment Advisory Services LLC now owns 11,609 shares of the home improvement retailer’s stock valued at $4,254,000 after acquiring an additional 101 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other news, EVP William D. Bastek sold 2,303 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the sale, the executive vice president owned 24,235 shares in the company, valued at approximately $10,254,313.20. The trade was a 8.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the transaction, the executive vice president directly owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 48,835 shares of company stock valued at $19,623,432 over the last ninety days. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on HD. JPMorgan Chase & Co. dropped their price target on Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Stifel Nicolaus boosted their target price on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research report on Monday, August 18th. DA Davidson reaffirmed a “buy” rating and issued a $450.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Telsey Advisory Group reissued an “outperform” rating and set a $455.00 price target on shares of Home Depot in a research note on Tuesday, August 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Depot in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $434.35.

Home Depot Stock Performance

Shares of NYSE:HD opened at $379.75 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The company has a 50-day moving average price of $400.57 and a 200-day moving average price of $380.64. The company has a market cap of $378.00 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37.

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

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is presently 62.50%.

Home Depot Company 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.