The Home Depot, Inc. (NYSE:HD) Shares Bought by Saxon Interests Inc.

Saxon Interests Inc. raised its stake in The Home Depot, Inc. (NYSE:HD) by 53.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,229 shares of the home improvement retailer’s stock after acquiring an additional 1,823 shares during the period. Home Depot accounts for about 1.0% of Saxon Interests Inc.’s investment portfolio, making the stock its 27th biggest holding. Saxon Interests Inc.’s holdings in Home Depot were worth $2,006,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bey Douglas LLC acquired a new position in shares of Home Depot during the fourth quarter worth approximately $913,000. Hartline Investment Corp boosted its position in shares of Home Depot by 3.0% during the fourth quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer’s stock worth $5,397,000 after buying an additional 460 shares during the period. Wolf Group Capital Advisors lifted its position in Home Depot by 6.1% in the fourth quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock worth $2,604,000 after purchasing an additional 430 shares during the period. Alliance Wealth Management Group acquired a new stake in Home Depot in the fourth quarter worth approximately $253,000. Finally, Zullo Investment Group Inc. lifted its position in Home Depot by 6.6% in the fourth quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock worth $2,826,000 after purchasing an additional 504 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HD shares. Evercore ISI upped their target price on Home Depot from $415.00 to $420.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. Truist Financial dropped their price target on Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Wedbush reaffirmed an “outperform” rating and issued a $410.00 price target on shares of Home Depot in a report on Friday, May 10th. Guggenheim reaffirmed a “buy” rating and issued a $390.00 price target on shares of Home Depot in a report on Friday, April 5th. Finally, StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $378.42.

Home Depot Stock Down 0.4 %

HD stock opened at $334.97 on Wednesday. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The company has a 50-day moving average of $338.51 and a two-hundred day moving average of $352.69. The stock has a market capitalization of $332.16 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 2.38 and a beta of 0.99.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The company had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. During the same period in the prior year, the company earned $3.82 earnings per share. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio is currently 60.36%.

Insider Activity

In related news, EVP Matt Carey sold 56,008 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the transaction, the executive vice president now owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by company insiders.

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.