Saxony Capital Management LLC Takes $423,000 Position in The Home Depot, Inc. (NYSE:HD)

Saxony Capital Management LLC bought a new position in shares of The Home Depot, Inc. (NYSE:HD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,222 shares of the home improvement retailer’s stock, valued at approximately $423,000.

Several other large investors have also added to or reduced their stakes in HD. Norges Bank bought a new stake in Home Depot during the fourth quarter worth $3,740,875,000. Moneta Group Investment Advisors LLC raised its position in shares of Home Depot by 105,205.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,994,957 shares of the home improvement retailer’s stock valued at $3,472,867,000 after purchasing an additional 10,984,516 shares during the period. International Assets Investment Management LLC raised its position in shares of Home Depot by 12,647.4% in the fourth quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock valued at $1,930,104,000 after purchasing an additional 5,525,791 shares during the period. Imprint Wealth LLC raised its position in shares of Home Depot by 30,994.4% in the second quarter. Imprint Wealth LLC now owns 2,413,234 shares of the home improvement retailer’s stock valued at $241,323,000 after purchasing an additional 2,405,473 shares during the period. Finally, Renaissance Technologies LLC bought a new position in shares of Home Depot in the first quarter valued at about $563,524,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Trading Down 1.3 %

HD opened at $342.87 on Monday. The company’s 50 day moving average is $369.91 and its 200-day moving average is $338.58. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The company has a market cap of $339.79 billion, a P/E ratio of 22.71, a PEG ratio of 2.28 and a beta of 0.98.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,339.65%. The company had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. During the same period last year, the company posted $3.30 EPS. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. Equities research analysts predict that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date was Wednesday, March 6th. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio (DPR) is 59.60%.

Insider Activity at Home Depot

In related news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the transaction, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the transaction, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Zelman & Associates upgraded shares of Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. Evercore ISI upped their price target on shares of Home Depot from $420.00 to $425.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Citigroup upped their price target on shares of Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Piper Sandler upgraded shares of Home Depot from a “neutral” rating to an “overweight” rating and upped their price target for the company from $311.00 to $400.00 in a research note on Tuesday, January 16th. Finally, Barclays upgraded shares of Home Depot from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $325.00 to $372.00 in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $376.35.

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.