Achmea Investment Management B.V. Increases Stake in The Home Depot, Inc. $HD

Achmea Investment Management B.V. grew its stake in The Home Depot, Inc. (NYSE:HD) by 8.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 145,671 shares of the home improvement retailer’s stock after purchasing an additional 11,028 shares during the period. Home Depot makes up about 0.7% of Achmea Investment Management B.V.’s holdings, making the stock its 29th largest holding. Achmea Investment Management B.V.’s holdings in Home Depot were worth $53,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in HD. Golden State Wealth Management LLC boosted its position in shares of Home Depot by 18.6% during the 2nd quarter. Golden State Wealth Management LLC now owns 6,775 shares of the home improvement retailer’s stock valued at $2,484,000 after acquiring an additional 1,063 shares during the last quarter. HORAN Wealth LLC purchased a new position in Home Depot in the second quarter worth approximately $3,964,000. SouthState Corp increased its stake in Home Depot by 1.5% during the second quarter. SouthState Corp now owns 58,785 shares of the home improvement retailer’s stock worth $21,553,000 after acquiring an additional 853 shares during the last quarter. Sienna Gestion raised its position in Home Depot by 10.5% in the second quarter. Sienna Gestion now owns 69,238 shares of the home improvement retailer’s stock valued at $23,177,000 after purchasing an additional 6,562 shares during the period. Finally, Andra AP fonden lifted its stake in shares of Home Depot by 184.0% in the 2nd quarter. Andra AP fonden now owns 78,100 shares of the home improvement retailer’s stock valued at $28,635,000 after purchasing an additional 50,600 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In other news, EVP William D. Bastek sold 2,303 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the completion of the transaction, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $10,254,313.20. This trade represents a 8.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the transaction, the chief financial officer directly owned 45,455 shares of the company’s stock, valued at $18,348,365.30. The trade was a 6.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

HD has been the subject of a number of recent analyst reports. Robert W. Baird raised their price objective on Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. DA Davidson restated a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. JPMorgan Chase & Co. lowered their price objective on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Stifel Nicolaus increased their target price on shares of Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research report on Monday, August 18th. Finally, Wells Fargo & Company lifted their price target on shares of Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $435.00.

Home Depot Trading Down 2.3%

NYSE:HD opened at $374.15 on Thursday. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $439.37. The firm has a market cap of $372.42 billion, a P/E ratio of 25.42, a PEG ratio of 3.59 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The stock’s 50 day simple moving average is $398.78 and its 200-day simple moving average is $381.19.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). The business had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued 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 yield of 2.5%. Home Depot’s payout ratio is currently 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.