MML Investors Services LLC Buys 16,250 Shares of The Home Depot, Inc. $HD

MML Investors Services LLC grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 5.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 324,305 shares of the home improvement retailer’s stock after purchasing an additional 16,250 shares during the quarter. MML Investors Services LLC’s holdings in Home Depot were worth $111,593,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HD. Advocate Investing Services LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $25,000. Parvin Asset Management LLC raised its position in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 33 shares during the last quarter. Key Capital Management INC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $28,000. Navalign LLC bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $31,000. Finally, Disciplined Equity Management Inc. bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $34,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.0%

HD stock opened at $328.37 on Monday. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The stock has a market capitalization of $327.42 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 3.79 and a beta of 0.97. The firm’s fifty day simple moving average is $322.44 and its two-hundred day simple moving average is $347.12.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. During the same quarter in the previous year, the business posted $3.56 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, June 4th. Home Depot’s dividend payout ratio is presently 66.19%.

Wall Street Analysts Forecast Growth

HD has been the topic of several recent research reports. Daiwa Securities Group upped their price objective on Home Depot from $360.00 to $390.00 and gave the stock a “neutral” rating in a report on Thursday, February 26th. Wolfe Research restated an “outperform” rating and issued a $365.00 price target on shares of Home Depot in a research report on Tuesday, May 19th. Wells Fargo & Company reduced their price target on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Sanford C. Bernstein restated a “market perform” rating and issued a $346.00 price target on shares of Home Depot in a research report on Wednesday, May 20th. Finally, BNP Paribas Exane reduced their price target on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $371.71.

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.