ABN Amro Investment Solutions Purchases 18,300 Shares of The Home Depot, Inc. $HD

ABN Amro Investment Solutions boosted its position in The Home Depot, Inc. (NYSE:HD) by 91.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,305 shares of the home improvement retailer’s stock after acquiring an additional 18,300 shares during the quarter. ABN Amro Investment Solutions’ holdings in Home Depot were worth $15,521,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. GenTrust LLC lifted its position in shares of Home Depot by 5.7% during the 3rd quarter. GenTrust LLC now owns 765 shares of the home improvement retailer’s stock worth $310,000 after buying an additional 41 shares during the last quarter. HighTower Advisors LLC raised its stake in Home Depot by 2.7% during the third quarter. HighTower Advisors LLC now owns 948,549 shares of the home improvement retailer’s stock worth $384,353,000 after acquiring an additional 25,355 shares in the last quarter. Uniting Wealth Partners LLC lifted its holdings in shares of Home Depot by 172.3% in the third quarter. Uniting Wealth Partners LLC now owns 2,560 shares of the home improvement retailer’s stock worth $1,037,000 after acquiring an additional 1,620 shares during the last quarter. Investment Partners LTD. boosted its stake in shares of Home Depot by 3.6% in the 3rd quarter. Investment Partners LTD. now owns 4,590 shares of the home improvement retailer’s stock valued at $1,860,000 after purchasing an additional 159 shares in the last quarter. Finally, Warner Group LLC acquired a new stake in shares of Home Depot in the 3rd quarter valued at approximately $369,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HD has been the subject of a number of research analyst reports. Daiwa Securities Group upped their price objective on shares of Home Depot from $348.00 to $360.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 16th. Telsey Advisory Group dropped their price target on Home Depot from $430.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, December 10th. JPMorgan Chase & Co. cut their price objective on Home Depot from $444.00 to $423.00 and set an “overweight” rating on the stock in a report on Wednesday, November 19th. Wells Fargo & Company reduced their price objective on Home Depot from $400.00 to $395.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Finally, Piper Sandler dropped their target price on Home Depot from $450.00 to $441.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $407.23.

Home Depot Stock Up 0.2%

Shares of NYSE:HD opened at $391.03 on Friday. The firm has a market cap of $389.27 billion, a P/E ratio of 26.65, a P/E/G ratio of 13.97 and a beta of 1.08. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $426.75. The business has a fifty day simple moving average of $366.16 and a 200 day simple moving average of $379.99. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 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 the consensus estimate of $41.06 billion. During the same quarter last year, the firm posted $3.78 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

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

Insider Activity

In related news, EVP Angie Brown sold 1,946 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $357.63, for a total value of $695,947.98. Following the transaction, the executive vice president owned 3,941 shares in the company, valued at $1,409,419.83. The trade was a 33.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ann Marie Campbell sold 145 shares of the stock in a transaction dated Thursday, December 11th. The stock was 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 approximately $4,413,763.20. The trade was a 1.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 4,963 shares of company stock valued at $1,748,845. 0.10% of the stock is currently owned by 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.