Commerzbank Aktiengesellschaft FI Grows Stock Position in The Home Depot, Inc. $HD

Commerzbank Aktiengesellschaft FI grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 7.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,890 shares of the home improvement retailer’s stock after acquiring an additional 8,736 shares during the quarter. Home Depot comprises approximately 1.1% of Commerzbank Aktiengesellschaft FI’s investment portfolio, making the stock its 25th largest holding. Commerzbank Aktiengesellschaft FI’s holdings in Home Depot were worth $51,009,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of HD. Sagard Holdings Management Inc. acquired a new position in shares of Home Depot in the 2nd quarter valued at $29,000. LFA Lugano Financial Advisors SA purchased a new stake in Home Depot during the 2nd quarter valued at about $32,000. Legacy Investment Solutions LLC acquired a new position in shares of Home Depot in the second quarter valued at about $35,000. Dougherty Wealth Advisers LLC purchased a new position in shares of Home Depot in the third quarter worth about $38,000. Finally, Marquette Asset Management LLC acquired a new stake in shares of Home Depot during the third quarter worth about $38,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Angie Brown sold 1,946 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $357.63, for a total transaction of $695,947.98. Following the transaction, the executive vice president directly owned 3,941 shares of the company’s stock, valued at $1,409,419.83. This trade represents a 33.06% 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 2,872 shares of the business’s stock in a transaction dated 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 sale, the executive vice president directly owned 13,196 shares of the company’s stock, valued at $4,599,069.92. This represents a 17.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,963 shares of company stock valued at $1,748,845 over the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Up 0.7%

HD stock opened at $383.63 on Monday. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $426.75. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The firm’s fifty day moving average is $356.03 and its 200 day moving average is $378.58. The firm has a market cap of $381.91 billion, a PE ratio of 26.15, a P/E/G ratio of 14.30 and a beta of 1.08.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $41.06 billion. During the same period in the previous year, the company earned $3.78 earnings per share. The company’s revenue 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. On average, research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently weighed in on HD. UBS Group set a $430.00 price target on shares of Home Depot in a report on Wednesday, December 10th. Telsey Advisory Group cut their price objective on shares of Home Depot from $430.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 10th. Zacks Research cut shares of Home Depot from a “hold” rating to a “strong sell” rating in a report on Thursday, November 27th. Bank of America decreased their target price on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Finally, Gordon Haskett cut their price target on Home Depot from $345.00 to $330.00 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. Twenty-one analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $404.50.

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.