J. Safra Sarasin Holding AG Has $110.26 Million Stock Holdings in The Home Depot, Inc. $HD

J. Safra Sarasin Holding AG grew its holdings in The Home Depot, Inc. (NYSE:HD) by 1.8% during the third quarter, Holdings Channel.com reports. The firm owned 272,053 shares of the home improvement retailer’s stock after acquiring an additional 4,680 shares during the quarter. Home Depot accounts for about 1.8% of J. Safra Sarasin Holding AG’s portfolio, making the stock its 10th biggest position. J. Safra Sarasin Holding AG’s holdings in Home Depot were worth $110,255,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Sagard Holdings Management Inc. acquired a new stake in Home Depot in the 2nd quarter valued at $29,000. LFA Lugano Financial Advisors SA bought a new position in shares of Home Depot in the 2nd quarter valued at about $32,000. Legacy Investment Solutions LLC bought a new position in shares of Home Depot in the 2nd quarter valued at about $35,000. Dougherty Wealth Advisers LLC acquired a new stake in shares of Home Depot in the third quarter valued at about $38,000. Finally, Marquette Asset Management LLC bought a new stake in Home Depot during the third quarter worth about $38,000. Institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,872 shares of the company’s stock in a transaction on Friday, December 26th. The stock was sold at an average price of $348.52, for a total value of $1,000,949.44. Following the transaction, the executive vice president directly owned 13,196 shares of the company’s stock, valued at $4,599,069.92. This represents a 17.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Angie Brown sold 1,946 shares of the stock in a transaction on Friday, December 12th. The stock was 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 position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 4,963 shares of company stock worth $1,748,845. Company insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Shares of HD opened at $386.63 on Tuesday. The company’s 50-day moving average is $356.59 and its 200-day moving average is $378.67. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29. The firm has a market capitalization of $384.89 billion, a PE ratio of 26.36, a PEG ratio of 14.30 and a beta of 1.08. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $426.75.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). The company had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently announced 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 of this dividend was Thursday, December 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.4%. Home Depot’s dividend payout ratio is presently 62.71%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on HD shares. UBS Group set a $430.00 price target on Home Depot in a research note on Wednesday, December 10th. Stifel Nicolaus decreased their target price on shares of Home Depot from $370.00 to $350.00 and set a “hold” rating for the company in a research note on Monday, December 1st. BNP Paribas Exane boosted their target price on shares of Home Depot from $353.00 to $355.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Home Depot in a research report on Monday, December 29th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $424.00 price objective on shares of Home Depot 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 two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $404.50.

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.