Allianz SE Raises Position in The Home Depot, Inc. $HD

Allianz SE boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 9.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,075 shares of the home improvement retailer’s stock after buying an additional 3,394 shares during the quarter. Allianz SE’s holdings in Home Depot were worth $13,960,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Nuveen LLC purchased a new stake in shares of Home Depot in the 1st quarter worth $2,076,592,000. Valeo Financial Advisors LLC lifted its position in Home Depot by 16,746.9% during the second quarter. Valeo Financial Advisors LLC now owns 4,537,880 shares of the home improvement retailer’s stock valued at $1,663,768,000 after acquiring an additional 4,510,944 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Home Depot by 19.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer’s stock valued at $3,391,240,000 after buying an additional 1,494,261 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in Home Depot in the 2nd quarter worth approximately $418,486,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Home Depot by 6.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer’s stock worth $5,282,398,000 after acquiring an additional 891,326 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the transaction, the chief financial officer directly owned 45,455 shares of the company’s stock, valued at $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the sale, the executive vice president owned 16,057 shares in the company, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 48,835 shares of company stock valued at $19,623,432 in the last three months. Company insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

NYSE HD opened at $370.87 on Thursday. The stock has a market capitalization of $369.16 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 3.59 and a beta of 1.00. The stock has a 50-day moving average of $395.17 and a 200 day moving average of $381.75. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). The business had revenue of $45.28 billion during the quarter, compared to analysts’ expectations of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.5%. Home Depot’s dividend payout ratio is currently 62.50%.

Analysts Set New Price Targets

Several analysts have commented on HD shares. Telsey Advisory Group restated an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. JPMorgan Chase & Co. reduced their target price on shares of Home Depot from $452.00 to $444.00 and set an “overweight” rating for the company in a report on Monday. DA Davidson restated a “buy” rating and set a $450.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Morgan Stanley upped their price target on shares of Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. Finally, Truist Financial cut their price target on Home Depot from $454.00 to $421.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $433.00.

About Home Depot

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.