ING Groep NV Sells 152,161 Shares of The Home Depot, Inc. $HD

ING Groep NV cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 25.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 436,445 shares of the home improvement retailer’s stock after selling 152,161 shares during the quarter. Home Depot makes up about 1.0% of ING Groep NV’s portfolio, making the stock its 21st largest position. ING Groep NV’s holdings in Home Depot were worth $176,843,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Sagard Holdings Management Inc. acquired a new stake in shares of Home Depot in the 2nd quarter valued at about $29,000. LFA Lugano Financial Advisors SA bought a new position in Home Depot in the second quarter worth approximately $32,000. Legacy Investment Solutions LLC bought a new position in Home Depot in the second quarter worth approximately $35,000. Dougherty Wealth Advisers LLC acquired a new stake in Home Depot in the third quarter valued at approximately $38,000. Finally, Marquette Asset Management LLC acquired a new stake in Home Depot in the third quarter valued at approximately $38,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HD. Gordon Haskett lowered their target price on Home Depot from $345.00 to $330.00 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. HSBC lowered their price objective on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating on the stock in a report on Wednesday, November 19th. Citigroup dropped their price objective on shares of Home Depot from $422.00 to $407.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. Guggenheim reduced their price objective on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Finally, Robert W. Baird lowered their target price on shares of Home Depot from $450.00 to $415.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Twenty-one equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $404.47.

Home Depot Stock Performance

NYSE HD opened at $389.19 on Wednesday. The company has a fifty day moving average price of $363.99 and a 200-day moving average price of $379.73. The firm has a market cap of $387.44 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 13.60 and a beta of 1.08. 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 Home Depot, Inc. has a 1 year low of $326.31 and a 1 year high of $426.75.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. During the same quarter last year, the firm posted $3.78 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were issued 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 currently 62.71%.

Insider Activity

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total value of $51,947.70. Following the transaction, the executive vice president owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. The trade was a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Angie Brown sold 1,946 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $357.63, for a total value of $695,947.98. Following the sale, the executive vice president directly owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. This represents a 33.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,963 shares of company stock valued at $1,748,845 over the last three months. Corporate insiders own 0.10% of the company’s stock.

Home Depot Profile

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.