B. Metzler seel. Sohn & Co. Holding AG Invests $92.08 Million in The Home Depot, Inc. (NYSE:HD)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of The Home Depot, Inc. (NYSE:HD) in the third quarter, HoldingsChannel reports. The firm purchased 227,243 shares of the home improvement retailer’s stock, valued at approximately $92,078,000. Home Depot accounts for 0.9% of B. Metzler seel. Sohn & Co. Holding AG’s portfolio, making the stock its 22nd biggest position.

A number of other hedge funds have also modified their holdings of HD. Fairway Wealth LLC purchased a new position in Home Depot during the 2nd quarter valued at about $25,000. Kings Path Partners LLC purchased a new position in Home Depot during the 2nd quarter valued at about $33,000. Denver PWM LLC purchased a new position in Home Depot during the 2nd quarter valued at about $40,000. Livelsberger Financial Advisory purchased a new position in Home Depot during the 3rd quarter valued at about $46,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Home Depot during the 2nd quarter valued at about $47,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and increased their price target for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. Melius Research assumed coverage on Home Depot in a research report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price target on the stock. Evercore ISI increased their price target on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Piper Sandler increased their price target on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Finally, Guggenheim raised their target price on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Insider Activity at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the transaction, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

Home Depot Trading Up 0.6 %

Shares of HD stock opened at $410.44 on Tuesday. The business’s 50 day moving average is $400.41 and its two-hundred day moving average is $367.33. The Home Depot, Inc. has a twelve month low of $302.34 and a twelve month high of $421.56. The company has a market capitalization of $407.69 billion, a P/E ratio of 27.88, a price-to-earnings-growth ratio of 2.84 and a beta of 1.01. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same period last year, the business posted $3.81 EPS. The company’s revenue was up 6.6% on a year-over-year basis. Equities analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a $2.25 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.19%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

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.