The Home Depot, Inc. $HD Shares Acquired by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG has increased its holdings in The Home Depot by 4.5% in the first quarter, now owning approximately 206,423 shares valued at around $75.65 million.
• Recent insider sales included Teresa Wynn Roseborough who sold 5,483 shares, and William D. Bastek who sold 3,783 shares, indicating a significant decrease in their respective ownership percentages.
• Home Depot declared a quarterly dividend of $2.30 per share, with the ex-dividend date set for September 4th, representing an annualized dividend yield of 2.3%.

B. Metzler seel. Sohn & Co. AG increased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 4.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 206,423 shares of the home improvement retailer's stock after purchasing an additional 8,861 shares during the period. Home Depot makes up approximately 0.8% of B. Metzler seel. Sohn & Co. AG's portfolio, making the stock its 25th largest position. B. Metzler seel. Sohn & Co. AG's holdings in Home Depot were worth $75,652,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Invst LLC lifted its holdings in shares of Home Depot by 0.4% in the fourth quarter. Invst LLC now owns 6,738 shares of the home improvement retailer's stock valued at $2,621,000 after purchasing an additional 28 shares in the last quarter. Financial Insights Inc. raised its position in shares of Home Depot by 3.3% in the first quarter. Financial Insights Inc. now owns 880 shares of the home improvement retailer's stock valued at $323,000 after buying an additional 28 shares during the last quarter. Wayfinding Financial LLC raised its position in shares of Home Depot by 1.2% in the first quarter. Wayfinding Financial LLC now owns 2,353 shares of the home improvement retailer's stock valued at $862,000 after buying an additional 28 shares during the last quarter. Pure Portfolios Holdings LLC raised its position in shares of Home Depot by 4.7% in the first quarter. Pure Portfolios Holdings LLC now owns 623 shares of the home improvement retailer's stock valued at $228,000 after buying an additional 28 shares during the last quarter. Finally, First Interstate Bank raised its position in shares of Home Depot by 0.3% in the first quarter. First Interstate Bank now owns 9,020 shares of the home improvement retailer's stock valued at $3,306,000 after buying an additional 28 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the sale, the executive vice president owned 16,057 shares of the company's stock, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William D. Bastek sold 3,783 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the sale, the executive vice president directly owned 24,235 shares of the company's stock, valued at $9,941,924.05. The trade was a 13.50% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,532 shares of company stock valued at $18,648,987. Corporate insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Home Depot from $420.00 to $450.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Gordon Haskett increased their target price on Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Jefferies Financial Group cut their target price on Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Mizuho increased their target price on Home Depot from $435.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $432.52.

Home Depot Trading Down 0.2%

HD opened at $407.88 on Wednesday. The firm has a market capitalization of $405.81 billion, a P/E ratio of 27.71, a P/E/G ratio of 3.88 and a beta of 1.00. The firm's 50 day moving average is $376.81 and its 200-day moving average is $371.24. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. 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 posted its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). The firm had revenue of $45.28 billion for the quarter, compared to analysts' expectations of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be given a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.3%. Home Depot's dividend payout ratio (DPR) is presently 62.50%.

Home Depot 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.

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