Intact Investment Management Inc. Has $17.30 Million Position in The Home Depot, Inc. $HD

Intact Investment Management Inc. lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 18.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,700 shares of the home improvement retailer’s stock after purchasing an additional 6,800 shares during the quarter. Intact Investment Management Inc.’s holdings in Home Depot were worth $17,302,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in HD. Exchange Bank boosted its position in Home Depot by 16.9% in the third quarter. Exchange Bank now owns 2,943 shares of the home improvement retailer’s stock valued at $1,192,000 after buying an additional 426 shares in the last quarter. FIDELIS iM LLC increased its holdings in shares of Home Depot by 52.1% during the third quarter. FIDELIS iM LLC now owns 2,473 shares of the home improvement retailer’s stock worth $1,002,000 after buying an additional 847 shares in the last quarter. LBP AM SA lifted its stake in shares of Home Depot by 11.1% in the 3rd quarter. LBP AM SA now owns 95,555 shares of the home improvement retailer’s stock valued at $38,718,000 after acquiring an additional 9,512 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Home Depot by 7.5% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 125,890 shares of the home improvement retailer’s stock valued at $51,009,000 after acquiring an additional 8,736 shares during the last quarter. Finally, Cheviot Value Management LLC boosted its holdings in shares of Home Depot by 10.2% during the 3rd quarter. Cheviot Value Management LLC now owns 1,350 shares of the home improvement retailer’s stock valued at $521,000 after acquiring an additional 125 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HD has been the subject of a number of recent research reports. Bank of America lowered their target price on Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. DA Davidson lowered their price objective on Home Depot from $430.00 to $407.00 and set a “buy” rating for the company in a research note on Wednesday, December 10th. Telsey Advisory Group dropped their price objective on shares of Home Depot from $430.00 to $410.00 and set an “outperform” rating for the company in a report on Wednesday, December 10th. Piper Sandler cut their target price on shares of Home Depot from $450.00 to $441.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Finally, Stifel Nicolaus reduced their target price on shares of Home Depot from $370.00 to $350.00 and set a “hold” rating on the stock in a report on Monday, December 1st. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $404.50.

Insider Activity at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 2,872 shares of Home Depot stock in a transaction dated Friday, December 26th. The stock was sold at an average price of $348.52, for a total value of $1,000,949.44. Following the completion of the transaction, the executive vice president directly owned 13,196 shares of the company’s stock, valued at approximately $4,599,069.92. This trade represents a 17.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Angie Brown sold 1,946 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $357.63, for a total value of $695,947.98. Following the completion of the transaction, the executive vice president directly owned 3,941 shares in the company, valued at $1,409,419.83. This represents a 33.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,963 shares of company stock worth $1,748,845 over the last quarter. Company insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Home Depot stock opened at $383.63 on Monday. The stock’s 50 day moving average is $356.03 and its 200 day moving average is $378.58. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $426.75. The firm has a market cap of $381.91 billion, a P/E ratio of 26.15, a P/E/G ratio of 14.30 and a beta of 1.08. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29.

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 the consensus estimate of $3.83 by ($0.09). The firm had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current 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 yield of 2.4%. The ex-dividend date of this dividend was Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.71%.

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.