Prudential Financial Inc. Raises Position in The Home Depot, Inc. $HD

Prudential Financial Inc. raised its holdings in The Home Depot, Inc. (NYSE:HD) by 11.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,054,333 shares of the home improvement retailer’s stock after purchasing an additional 107,895 shares during the quarter. Prudential Financial Inc.’s holdings in Home Depot were worth $386,561,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in HD. Centerpoint Advisory Group boosted its holdings in Home Depot by 0.8% during the second quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock worth $1,160,000 after buying an additional 26 shares in the last quarter. Disciplined Investors L.L.C. lifted its position in shares of Home Depot by 2.3% during the 2nd quarter. Disciplined Investors L.L.C. now owns 1,178 shares of the home improvement retailer’s stock valued at $432,000 after acquiring an additional 26 shares during the period. Brio Consultants LLC lifted its position in shares of Home Depot by 4.7% during the 2nd quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock valued at $210,000 after acquiring an additional 26 shares during the period. Client 1ST Advisory Group LLC boosted its stake in shares of Home Depot by 1.5% during the 1st quarter. Client 1ST Advisory Group LLC now owns 1,878 shares of the home improvement retailer’s stock worth $688,000 after acquiring an additional 27 shares in the last quarter. Finally, BWM Planning LLC grew its holdings in shares of Home Depot by 0.7% in the 2nd quarter. BWM Planning LLC now owns 4,105 shares of the home improvement retailer’s stock worth $1,505,000 after acquiring an additional 27 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on HD shares. Oppenheimer lifted their price objective on Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a report on Thursday, September 25th. HSBC dropped their price target on Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a research report on Wednesday. Royal Bank Of Canada decreased their price objective on shares of Home Depot from $401.00 to $376.00 and set a “sector perform” rating on the stock in a research report on Wednesday. UBS Group lowered their price objective on shares of Home Depot from $475.00 to $445.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Truist Financial set a $379.00 target price on shares of Home Depot in a report on Tuesday. Twenty-one equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $410.24.

Insider Transactions at Home Depot

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was 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 approximately $10,254,313.20. This trade represents a 8.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

Shares of HD opened at $343.22 on Friday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $439.37. The company’s 50 day simple moving average is $385.34 and its 200 day simple moving average is $381.15. The company has a market capitalization of $341.64 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 3.59 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business had revenue of $41.35 billion during the quarter, compared to analyst estimates of $41.06 billion. During the same quarter last year, the firm posted $3.78 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given a dividend of $2.30 per share. The ex-dividend date is Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.7%. Home Depot’s dividend payout ratio is 62.71%.

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.