Mitsubishi UFJ Trust & Banking Corp Sells 33,248 Shares of The Home Depot, Inc. $HD

Mitsubishi UFJ Trust & Banking Corp lessened its position in shares of The Home Depot, Inc. (NYSE:HD) by 6.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 466,162 shares of the home improvement retailer’s stock after selling 33,248 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Home Depot were worth $188,884,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after acquiring an additional 7,203 shares in the last quarter. Sivia Capital Partners LLC boosted its position in Home Depot by 7.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock worth $952,000 after buying an additional 173 shares during the period. CX Institutional grew its holdings in Home Depot by 8.8% during the 2nd quarter. CX Institutional now owns 23,869 shares of the home improvement retailer’s stock worth $8,751,000 after acquiring an additional 1,923 shares during the last quarter. Dogwood Wealth Management LLC increased its position in Home Depot by 7.2% in the 2nd quarter. Dogwood Wealth Management LLC now owns 2,324 shares of the home improvement retailer’s stock valued at $854,000 after acquiring an additional 157 shares during the period. Finally, Magnus Financial Group LLC increased its position in Home Depot by 1.0% in the 2nd quarter. Magnus Financial Group LLC now owns 6,788 shares of the home improvement retailer’s stock valued at $2,489,000 after acquiring an additional 70 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

Home Depot stock opened at $383.63 on Friday. The firm has a fifty day simple moving average of $356.03 and a two-hundred day simple moving average of $378.45. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $426.75. The company has a market capitalization of $381.91 billion, a PE ratio of 26.15, a P/E/G ratio of 14.20 and a beta of 1.08. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.83 by ($0.09). The business had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were paid a $2.30 dividend. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. Home Depot’s dividend payout ratio (DPR) is presently 62.71%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on HD shares. The Goldman Sachs Group reiterated a “buy” rating and set a $413.00 price target on shares of Home Depot in a report on Wednesday, December 10th. JPMorgan Chase & Co. cut their target price on Home Depot from $444.00 to $423.00 and set an “overweight” rating on the stock in a report on Wednesday, November 19th. Stifel Nicolaus reduced their price target on Home Depot from $370.00 to $350.00 and set a “hold” rating on the stock in a research report on Monday, December 1st. Sanford C. Bernstein reissued a “market perform” rating and issued a $362.00 price target on shares of Home Depot in a research note on Monday, November 24th. Finally, Argus cut their price objective on Home Depot from $450.00 to $425.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $404.50.

Insider Activity at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the transaction, the executive vice president directly owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. The trade was a 1.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the company’s stock in a transaction on Friday, December 26th. The stock was sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the completion of the transaction, the executive vice president owned 13,196 shares of the company’s stock, valued at $4,599,069.92. This trade represents a 17.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,963 shares of company stock worth $1,748,845 over the last quarter. Corporate insiders own 0.10% of the company’s stock.

Home Depot Company Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.