Maryland State Retirement & Pension System Has $17.69 Million Holdings in The Home Depot, Inc. $HD

Maryland State Retirement & Pension System grew its position in The Home Depot, Inc. (NYSE:HD) by 3.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,244 shares of the home improvement retailer’s stock after purchasing an additional 1,757 shares during the period. Maryland State Retirement & Pension System’s holdings in Home Depot were worth $17,688,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Optas LLC increased its position in Home Depot by 5.4% in the 2nd quarter. Optas LLC now owns 2,356 shares of the home improvement retailer’s stock worth $864,000 after purchasing an additional 120 shares during the last quarter. Dempze Nancy E increased its holdings in shares of Home Depot by 1.2% during the 2nd quarter. Dempze Nancy E now owns 12,793 shares of the home improvement retailer’s stock valued at $4,690,000 after acquiring an additional 152 shares during the last quarter. Massachusetts Wealth Management increased its holdings in shares of Home Depot by 1.4% during the 2nd quarter. Massachusetts Wealth Management now owns 5,400 shares of the home improvement retailer’s stock valued at $1,980,000 after acquiring an additional 75 shares during the last quarter. Clear Creek Financial Management LLC increased its holdings in shares of Home Depot by 4.7% during the 2nd quarter. Clear Creek Financial Management LLC now owns 6,327 shares of the home improvement retailer’s stock valued at $2,320,000 after acquiring an additional 282 shares during the last quarter. Finally, Narwhal Capital Management increased its holdings in shares of Home Depot by 12.8% during the 2nd quarter. Narwhal Capital Management now owns 66,967 shares of the home improvement retailer’s stock valued at $24,553,000 after acquiring an additional 7,603 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

Shares of NYSE:HD opened at $383.84 on Thursday. The business has a 50 day moving average price of $403.30 and a 200 day moving average price of $376.89. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37. The company has a market cap of $382.07 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 3.67 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.

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

Home Depot Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HD shares. DA Davidson reissued a “buy” rating and set a $450.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. Mizuho increased their price objective on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. JPMorgan Chase & Co. lowered their price objective on Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Wells Fargo & Company increased their target price on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Finally, Morgan Stanley increased their target price on Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $435.42.

Insider Buying and Selling

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 122,425 shares in the company, valued at approximately $48,629,658.50. This trade represents a 21.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the sale, the chief financial officer owned 45,455 shares of the company’s stock, valued at $18,348,365.30. This represents a 6.90% decrease in their position. 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 corporate insiders.

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.