B. Metzler seel. Sohn & Co. Holding AG Buys Shares of 227,243 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 - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 227,243 shares of the home improvement retailer's stock, valued at approximately $92,078,000. Home Depot comprises approximately 0.9% of B. Metzler seel. Sohn & Co. Holding AG's portfolio, making the stock its 22nd biggest holding.

A number of other hedge funds have also recently modified their holdings of HD. International Assets Investment Management LLC boosted its position in shares of Home Depot by 51,250.1% in the third 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 purchasing an additional 8,762,735 shares during the period. Legal & General Group Plc boosted its holdings in Home Depot by 1.2% in the 2nd quarter. Legal & General Group Plc now owns 8,515,343 shares of the home improvement retailer's stock worth $2,931,328,000 after buying an additional 100,139 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Home Depot by 15.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer's stock worth $2,853,143,000 after buying an additional 971,833 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Home Depot by 2.5% during the second quarter. Ameriprise Financial Inc. now owns 5,774,083 shares of the home improvement retailer's stock valued at $1,980,883,000 after acquiring an additional 138,396 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Home Depot by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,643,176 shares of the home improvement retailer's stock valued at $1,598,316,000 after acquiring an additional 333,312 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Insider Activity

In other 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 value of $9,030,368.44. Following the transaction, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HD. Evercore ISI boosted their price target on Home Depot from $420.00 to $430.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Bank of America boosted their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Sanford C. Bernstein initiated coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They set a "market perform" rating and a $451.00 target price for the company. Mizuho lifted their price target on shares of Home Depot from $435.00 to $440.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Finally, TD Cowen increased their price objective on shares of Home Depot from $440.00 to $460.00 and gave the company a "buy" rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and a consensus target price of $426.00.

Home Depot Trading Down 0.9 %

HD stock traded down $3.56 during trading on Tuesday, hitting $406.88. The company had a trading volume of 3,228,816 shares, compared to its average volume of 3,380,938. The firm has a market capitalization of $404.15 billion, a P/E ratio of 27.72, a PEG ratio of 2.84 and a beta of 1.01. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 52-week low of $302.34 and a 52-week high of $421.56. The company has a 50 day simple moving average of $400.41 and a 200-day simple moving average of $367.33.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly 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 net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter in the previous year, the firm posted $3.81 earnings per share. The company's revenue was up 6.6% on a year-over-year basis. As a group, research analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Wednesday, November 27th. Home Depot's payout ratio is 61.14%.

About Home Depot

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.