Commerzbank Aktiengesellschaft FI Reduces Stock Holdings in The Home Depot, Inc. $HD

Key Points

• Commerzbank Aktiengesellschaft FI reduced its stake in The Home Depot by 40%, now holding 117,154 shares which comprise 1.0% of its portfolio.
• Home Depot reported $4.68 EPS for the most recent quarter, slightly missing analysts' expectations of $4.69, with a revenue of $45.28 billion.
• The company announced a quarterly dividend of $2.30 per share, yielding 2.4%, with a current payout ratio of 62.50%.

Commerzbank Aktiengesellschaft FI trimmed its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 40.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 117,154 shares of the home improvement retailer's stock after selling 78,253 shares during the period. Home Depot comprises 1.0% of Commerzbank Aktiengesellschaft FI's portfolio, making the stock its 25th biggest holding. Commerzbank Aktiengesellschaft FI's holdings in Home Depot were worth $42,953,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in HD. Brighton Jones LLC increased its holdings in Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after acquiring an additional 7,203 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in shares of Home Depot by 4.1% in the first quarter. Wedge Capital Management L L P NC now owns 1,698 shares of the home improvement retailer's stock worth $622,000 after purchasing an additional 67 shares during the period. GAMMA Investing LLC boosted its position in shares of Home Depot by 7.2% in the first quarter. GAMMA Investing LLC now owns 27,932 shares of the home improvement retailer's stock worth $10,237,000 after purchasing an additional 1,880 shares during the period. USA Financial Formulas lifted its stake in shares of Home Depot by 25.3% during the 1st quarter. USA Financial Formulas now owns 218 shares of the home improvement retailer's stock valued at $80,000 after buying an additional 44 shares in the last quarter. Finally, Trinity Financial Advisors LLC lifted its stake in shares of Home Depot by 1.8% during the 1st quarter. Trinity Financial Advisors LLC now owns 2,582 shares of the home improvement retailer's stock valued at $946,000 after buying an additional 46 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Stock Performance

Shares of NYSE:HD opened at $377.66 on Friday. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $439.37. The stock has a market capitalization of $375.92 billion, a P/E ratio of 25.66, a PEG ratio of 3.64 and a beta of 1.00. The firm has a fifty day simple moving average of $403.50 and a two-hundred day simple moving average of $376.99. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results 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). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same period in the previous year, the business posted $4.60 EPS. The firm's revenue was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, analysts expect 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 announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. Home Depot's payout ratio is currently 62.50%.

Insider Activity

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the transaction, the executive vice president owned 16,057 shares of the company's stock, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the transaction, the executive vice president directly owned 3,837 shares of the company's stock, valued at $1,550,416.59. The trade was a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,835 shares of company stock worth $19,623,432. Company insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

HD has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on Home Depot from $460.00 to $452.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. Robert W. Baird increased their target price on Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. Telsey Advisory Group reiterated an "outperform" rating and set a $455.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Wells Fargo & Company upped their price target on Home Depot from $420.00 to $450.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. Finally, Mizuho boosted their target price on shares of Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $435.42.

Home Depot Company Profile

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.

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.