Cullen Frost Bankers Inc. Sells 9,313 Shares of The Home Depot, Inc. $HD

Cullen Frost Bankers Inc. lowered its stake in The Home Depot, Inc. (NYSE:HD) by 4.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 202,687 shares of the home improvement retailer’s stock after selling 9,313 shares during the quarter. Home Depot makes up approximately 1.0% of Cullen Frost Bankers Inc.’s investment portfolio, making the stock its 26th largest position. Cullen Frost Bankers Inc.’s holdings in Home Depot were worth $82,127,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Commerzbank Aktiengesellschaft FI grew its holdings in shares of Home Depot by 7.5% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 125,890 shares of the home improvement retailer’s stock valued at $51,009,000 after purchasing an additional 8,736 shares during the last quarter. Cheviot Value Management LLC boosted its position in Home Depot by 10.2% in the third quarter. Cheviot Value Management LLC now owns 1,350 shares of the home improvement retailer’s stock valued at $521,000 after buying an additional 125 shares in the last quarter. Provident Trust Co. grew its stake in shares of Home Depot by 2.4% during the third quarter. Provident Trust Co. now owns 925,584 shares of the home improvement retailer’s stock worth $375,037,000 after buying an additional 21,522 shares during the last quarter. BLB&B Advisors LLC increased its holdings in shares of Home Depot by 3.6% during the third quarter. BLB&B Advisors LLC now owns 4,055 shares of the home improvement retailer’s stock worth $1,643,000 after buying an additional 142 shares in the last quarter. Finally, Sagespring Wealth Partners LLC lifted its stake in shares of Home Depot by 6.8% in the 3rd quarter. Sagespring Wealth Partners LLC now owns 41,208 shares of the home improvement retailer’s stock valued at $16,697,000 after acquiring an additional 2,614 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Up 0.7%

Shares of Home Depot stock opened at $383.63 on Monday. The stock has a market capitalization of $381.91 billion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 14.30 and a beta of 1.08. The stock has a 50 day moving average price of $356.03 and a two-hundred day moving average price of $378.58. 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 Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $426.75.

Home Depot (NYSE:HD) last released its quarterly 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). The company had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. Home Depot’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.78 EPS. 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were paid a dividend of $2.30 per share. The ex-dividend date was Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.4%. Home Depot’s dividend payout ratio (DPR) is 62.71%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HD. Citigroup reduced their price objective on Home Depot from $422.00 to $407.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Oppenheimer reduced their price target on Home Depot from $420.00 to $405.00 and set a “market perform” rating on the stock in a report on Friday, December 5th. HSBC lowered their price objective on Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a research note on Wednesday, November 19th. KGI Securities downgraded shares of Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 target price on the stock. in a research report on Wednesday, November 19th. Finally, Gordon Haskett decreased their price target on shares of Home Depot from $345.00 to $330.00 and set a “hold” rating for the company in a research report on Wednesday, November 19th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $404.50.

Insiders Place Their Bets

In related news, EVP Ann Marie Campbell sold 145 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the transaction, the executive vice president directly owned 12,320 shares in the company, valued at approximately $4,413,763.20. The trade was a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Angie Brown sold 1,946 shares of the company’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 sale, the executive vice president directly owned 3,941 shares of the company’s stock, valued at $1,409,419.83. The trade was a 33.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,963 shares of company stock valued at $1,748,845 in the last three months. 0.10% of the stock is currently owned by insiders.

Home Depot Company Profile

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.