Mizuho Securities USA LLC Sells 12,113 Shares of The Home Depot, Inc. (NYSE:HD)

21 Nov 2024, 12:50 by Jessica Moore · The Cerbat Gem

Mizuho Securities USA LLC trimmed its holdings in The Home Depot, Inc. (NYSE:HD – Free Report) by 15.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,301 shares of the home improvement retailer’s stock after selling 12,113 shares during the period. Home Depot accounts for approximately 0.5% of Mizuho Securities USA LLC’s holdings, making the stock its 22nd largest position. Mizuho Securities USA LLC’s holdings in Home Depot were worth $26,055,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of HD. International Assets Investment Management LLC boosted its holdings in shares of Home Depot by 51,250.1% during the 3rd quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock worth $35,575,880,000 after buying an additional 8,762,735 shares during the period. Wulff Hansen & CO. raised its stake in Home Depot by 33,540.9% during the 2nd quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock valued at $509,081,000 after purchasing an additional 1,474,459 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Home Depot by 15.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock valued at $2,853,143,000 after purchasing an additional 971,833 shares during the last quarter. Swedbank AB bought a new position in shares of Home Depot during the 1st quarter worth about $301,364,000. Finally, Sarasin & Partners LLP lifted its holdings in shares of Home Depot by 95.2% during the 2nd quarter. Sarasin & Partners LLP now owns 1,139,934 shares of the home improvement retailer’s stock worth $392,411,000 after acquiring an additional 556,053 shares during the period. 70.86% of the stock is owned by institutional investors.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the transaction, the executive vice president now directly owns 20,404 shares in the company, valued at $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently commented on HD. Royal Bank of Canada raised their price objective on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. UBS Group lifted their price target on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Piper Sandler lifted their price target on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Daiwa America raised shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. Finally, Evercore ISI raised their price objective on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Get Our Latest Stock Report on Home Depot

Home Depot Stock Performance

Shares of HD opened at $399.98 on Thursday. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The Home Depot, Inc. has a twelve month low of $302.34 and a twelve month high of $421.56. The firm’s 50 day moving average price is $401.72 and its two-hundred day moving average price is $368.01. The firm has a market cap of $397.30 billion, a P/E ratio of 27.17, a PEG ratio of 2.83 and a beta of 1.01.

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

Home Depot Announces Dividend

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

Home Depot Company Profile

(Free Report)