Grassi Investment Management Acquires 75 Shares of The Home Depot, Inc. $HD

Grassi Investment Management raised its holdings in The Home Depot, Inc. (NYSE:HD) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,330 shares of the home improvement retailer’s stock after buying an additional 75 shares during the quarter. Home Depot comprises 1.1% of Grassi Investment Management’s investment portfolio, making the stock its 24th largest position. Grassi Investment Management’s holdings in Home Depot were worth $13,320,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Segment Wealth Management LLC grew its position in shares of Home Depot by 0.4% in the 2nd quarter. Segment Wealth Management LLC now owns 47,640 shares of the home improvement retailer’s stock worth $17,467,000 after buying an additional 213 shares during the last quarter. Precedent Wealth Partners LLC boosted its holdings in Home Depot by 26.0% in the second quarter. Precedent Wealth Partners LLC now owns 4,493 shares of the home improvement retailer’s stock valued at $1,647,000 after acquiring an additional 928 shares in the last quarter. Fairvoy Private Wealth LLC boosted its holdings in Home Depot by 5.5% in the second quarter. Fairvoy Private Wealth LLC now owns 1,886 shares of the home improvement retailer’s stock valued at $691,000 after acquiring an additional 99 shares in the last quarter. Barrett & Company Inc. boosted its holdings in Home Depot by 49.1% in the second quarter. Barrett & Company Inc. now owns 498 shares of the home improvement retailer’s stock valued at $183,000 after acquiring an additional 164 shares in the last quarter. Finally, Whelan Financial bought a new stake in Home Depot in the second quarter valued at $215,000. 70.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HD has been the topic of a number of research reports. Oppenheimer lifted their target price on shares of Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a research note on Thursday, September 25th. Robert W. Baird lifted their price objective on Home Depot from $425.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Depot in a research report on Saturday, September 27th. Truist Financial lifted their price objective on Home Depot from $417.00 to $433.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. dropped their price target on Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $436.40.

Insider Buying and Selling

In related news, EVP William D. Bastek sold 3,783 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $410.23, for a total value of $1,551,900.09. Following the transaction, the executive vice president owned 24,235 shares in the company, valued at $9,941,924.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of the company’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 transaction of $1,359,930.54. Following the completion of the transaction, the chief financial officer owned 45,455 shares in the company, valued at approximately $18,348,365.30. This represents a 6.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,835 shares of company stock worth $19,623,432 over the last quarter. 0.10% of the stock is owned by insiders.

Home Depot Stock Performance

Shares of HD opened at $394.88 on Friday. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The business’s 50 day moving average price is $402.63 and its 200-day moving average price is $376.21. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The stock has a market cap of $393.06 billion, a P/E ratio of 26.83, a P/E/G ratio of 3.75 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings results 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 company had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same period in the prior year, the firm earned $4.60 earnings per share. The business’s revenue for the quarter 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. Equities research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors 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 dividend on an annualized basis and a yield of 2.3%. Home Depot’s payout ratio is presently 62.50%.

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.