Massmutual Trust Co. FSB ADV Acquires 1,272 Shares of The Home Depot, Inc. (NYSE:HD)

Massmutual Trust Co. FSB ADV increased its stake in The Home Depot, Inc. (NYSE:HD) by 1.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 114,146 shares of the home improvement retailer’s stock after buying an additional 1,272 shares during the quarter. Home Depot makes up 1.4% of Massmutual Trust Co. FSB ADV’s portfolio, making the stock its 16th biggest position. Massmutual Trust Co. FSB ADV’s holdings in Home Depot were worth $43,786,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. CenterBook Partners LP boosted its stake in Home Depot by 36.1% in the 3rd quarter. CenterBook Partners LP now owns 2,108 shares of the home improvement retailer’s stock worth $637,000 after purchasing an additional 559 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Home Depot by 31.4% in the third quarter. Acadian Asset Management LLC now owns 34,825 shares of the home improvement retailer’s stock worth $10,515,000 after buying an additional 8,312 shares during the last quarter. Regal Investment Advisors LLC lifted its stake in shares of Home Depot by 11.7% in the third quarter. Regal Investment Advisors LLC now owns 4,847 shares of the home improvement retailer’s stock worth $1,465,000 after buying an additional 507 shares in the last quarter. Dark Forest Capital Management LP grew its holdings in shares of Home Depot by 119.2% during the third quarter. Dark Forest Capital Management LP now owns 9,500 shares of the home improvement retailer’s stock valued at $2,871,000 after buying an additional 5,166 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of Home Depot by 6.7% during the third quarter. LPL Financial LLC now owns 1,236,341 shares of the home improvement retailer’s stock valued at $373,573,000 after acquiring an additional 78,012 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Guggenheim reaffirmed a “buy” rating and issued a $390.00 price objective on shares of Home Depot in a research report on Friday, April 5th. Wells Fargo & Company dropped their price objective on Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, May 9th. Raymond James reiterated a “market perform” rating on shares of Home Depot in a report on Wednesday, May 15th. TD Cowen lowered their target price on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Finally, Mizuho assumed coverage on shares of Home Depot in a research note on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $377.46.

Home Depot Trading Down 0.1 %

Shares of HD stock opened at $353.57 on Friday. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The stock has a fifty day simple moving average of $337.38 and a two-hundred day simple moving average of $351.80. The firm has a market capitalization of $350.60 billion, a PE ratio of 23.71, a PEG ratio of 2.44 and a beta of 1.00. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. During the same quarter last year, the business posted $3.82 earnings per share. The firm’s revenue was down 2.3% on a year-over-year basis. On average, analysts predict that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.55%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Insider Buying and Selling

In other Home Depot news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the sale, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is owned by company insiders.

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.