Cullen Frost Bankers Inc. Decreases Holdings in The Home Depot, Inc. $HD

Cullen Frost Bankers Inc. trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 4.4% during the third quarter, HoldingsChannel reports. The firm owned 202,687 shares of the home improvement retailer’s stock after selling 9,313 shares during the quarter. Home Depot accounts for about 1.0% of Cullen Frost Bankers Inc.’s investment portfolio, making the stock its 26th biggest holding. Cullen Frost Bankers Inc.’s holdings in Home Depot were worth $82,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Centerpoint Advisory Group boosted its stake in Home Depot by 0.8% in the second quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock valued at $1,160,000 after acquiring an additional 26 shares during the last quarter. Disciplined Investors L.L.C. raised its holdings in shares of Home Depot by 2.3% in the 2nd quarter. Disciplined Investors L.L.C. now owns 1,178 shares of the home improvement retailer’s stock worth $432,000 after purchasing an additional 26 shares during the period. Brio Consultants LLC lifted its stake in Home Depot by 4.7% in the second quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock valued at $210,000 after purchasing an additional 26 shares during the last quarter. Emprise Bank lifted its stake in Home Depot by 0.8% in the third quarter. Emprise Bank now owns 3,135 shares of the home improvement retailer’s stock valued at $1,270,000 after purchasing an additional 26 shares during the last quarter. Finally, Stegent Equity Advisors Inc. grew its holdings in Home Depot by 2.7% during the third quarter. Stegent Equity Advisors Inc. now owns 1,006 shares of the home improvement retailer’s stock valued at $408,000 after purchasing an additional 26 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HD has been the topic of several research reports. JPMorgan Chase & Co. lowered their target price on Home Depot from $444.00 to $423.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 19th. KGI Securities cut Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price objective on the stock. in a research note on Wednesday, November 19th. HSBC dropped their price objective on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating on the stock in a report on Wednesday, November 19th. Argus reduced their target price on shares of Home Depot from $450.00 to $425.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Home Depot in a research report on Monday, December 29th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $404.50.

Home Depot Stock Performance

NYSE HD opened at $383.63 on Monday. The Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $426.75. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29. The stock has a market capitalization of $381.91 billion, a PE ratio of 26.15, a P/E/G ratio of 14.30 and a beta of 1.08. The company’s 50 day simple moving average is $356.03 and its two-hundred day simple moving average is $378.58.

Home Depot (NYSE:HD) last released 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 return on equity of 160.74% and a net margin of 8.77%.The firm had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. During the same period in the previous year, the company posted $3.78 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. Home Depot’s dividend payout ratio (DPR) is presently 62.71%.

Insider Activity

In other news, EVP Angie Brown sold 1,946 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the completion of the transaction, the executive vice president owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. The trade was a 33.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 145 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total transaction of $51,947.70. Following the completion of the transaction, the executive vice president owned 12,320 shares in the company, valued at approximately $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 4,963 shares of company stock worth $1,748,845. 0.10% of the stock is currently owned by insiders.

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.