The Home Depot, Inc. $HD Shares Purchased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI lifted its position in The Home Depot, Inc. (NYSE:HD) by 7.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 125,890 shares of the home improvement retailer’s stock after purchasing an additional 8,736 shares during the quarter. Home Depot comprises about 1.1% of Commerzbank Aktiengesellschaft FI’s holdings, making the stock its 25th biggest holding. Commerzbank Aktiengesellschaft FI’s holdings in Home Depot were worth $51,009,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HD. Brighton Jones LLC lifted its stake in shares of Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in Home Depot by 7.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after buying an additional 173 shares during the period. Dogwood Wealth Management LLC lifted its position in Home Depot by 7.2% in the second quarter. Dogwood Wealth Management LLC now owns 2,324 shares of the home improvement retailer’s stock valued at $854,000 after buying an additional 157 shares during the last quarter. Patton Fund Management Inc. acquired a new position in Home Depot in the second quarter valued at about $225,000. Finally, ORG Partners LLC boosted its stake in Home Depot by 6.3% during the second quarter. ORG Partners LLC now owns 1,308 shares of the home improvement retailer’s stock worth $489,000 after buying an additional 77 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HD has been the topic of a number of research analyst reports. Daiwa Capital Markets boosted their price target on shares of Home Depot from $348.00 to $360.00 and gave the company a “neutral” rating in a research note on Tuesday, December 16th. Bank of America dropped their target price on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. BNP Paribas Exane upped their price target on Home Depot from $353.00 to $355.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. UBS Group set a $430.00 price target on Home Depot in a research report on Wednesday, December 10th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $424.00 price objective on shares of Home Depot in a report on Wednesday, December 10th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus 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 52 week low of $326.31 and a 52 week high of $426.75. The company has a fifty day simple moving average of $356.03 and a two-hundred day simple moving average of $378.58. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82. The company has a market cap of $381.91 billion, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 14.30 and a beta of 1.08.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The company had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. During the same quarter last year, the business posted $3.78 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Thursday, December 4th. Home Depot’s dividend payout ratio is presently 62.71%.

Insider Activity at Home Depot

In related news, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total value of $51,947.70. Following the sale, the executive vice president owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the business’s stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the transaction, the executive vice president owned 13,196 shares of the company’s stock, valued at $4,599,069.92. This trade represents a 17.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,963 shares of company stock valued at $1,748,845 over the last 90 days. 0.10% of the stock is owned by corporate 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.