Mutual of America Capital Management LLC Has $38.72 Million Stake in The Home Depot, Inc. $HD

Mutual of America Capital Management LLC decreased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 112,532 shares of the home improvement retailer’s stock after selling 1,831 shares during the quarter. Home Depot accounts for approximately 0.4% of Mutual of America Capital Management LLC’s investment portfolio, making the stock its 24th largest position. Mutual of America Capital Management LLC’s holdings in Home Depot were worth $38,722,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Allen Investment Management LLC raised its stake in Home Depot by 14.5% during the fourth quarter. Allen Investment Management LLC now owns 21,351 shares of the home improvement retailer’s stock worth $7,347,000 after acquiring an additional 2,704 shares in the last quarter. Vantus Wealth LLC acquired a new position in Home Depot during the fourth quarter worth about $1,056,000. Spinnaker Trust raised its stake in Home Depot by 0.7% during the fourth quarter. Spinnaker Trust now owns 43,974 shares of the home improvement retailer’s stock worth $15,132,000 after acquiring an additional 320 shares in the last quarter. One Capital Management LLC raised its stake in Home Depot by 5.9% during the fourth quarter. One Capital Management LLC now owns 45,133 shares of the home improvement retailer’s stock worth $15,530,000 after acquiring an additional 2,518 shares in the last quarter. Finally, Cogent Private Wealth Inc. acquired a new position in Home Depot during the fourth quarter worth about $513,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Guggenheim reissued a “buy” rating and set a $425.00 target price on shares of Home Depot in a research note on Wednesday, May 20th. JPMorgan Chase & Co. reduced their price target on Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. KeyCorp restated a “sector weight” rating on shares of Home Depot in a report on Wednesday, February 25th. HSBC reduced their price target on Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a report on Wednesday, May 20th. Finally, Citigroup reduced their price target on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $371.39.

Insider Activity

In related news, CFO Richard V. Mcphail sold 2,550 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total value of $940,669.50. Following the transaction, the chief financial officer directly owned 44,566 shares in the company, valued at $16,439,951.74. This trade represents a 5.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is currently owned by corporate insiders.

Home Depot Stock Performance

NYSE:HD opened at $310.58 on Tuesday. The company has a market capitalization of $309.68 billion, a PE ratio of 22.06, a P/E/G ratio of 3.66 and a beta of 1.00. The company has a 50 day simple moving average of $324.35 and a two-hundred day simple moving average of $349.17. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. The firm had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Research analysts anticipate that The Home Depot, Inc. will post 15.02 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is currently 66.19%.

About Home Depot

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.