The Home Depot, Inc. (NYSE:HD) Holdings Raised by Saxony Capital Management LLC

Saxony Capital Management LLC grew its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,116 shares of the home improvement retailer’s stock after acquiring an additional 41 shares during the period. Saxony Capital Management LLC’s holdings in Home Depot were worth $452,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wulff Hansen & CO. grew its stake in Home Depot by 33,540.9% in the second 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 in the last quarter. Alphinity Investment Management Pty Ltd acquired a new stake in shares of Home Depot during the 1st quarter valued at about $513,016,000. Price T Rowe Associates Inc. MD grew its stake in shares of 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 valued at $2,853,143,000 after buying an additional 971,833 shares in the last quarter. Swedbank AB acquired a new position in Home Depot in the first quarter worth approximately $301,364,000. Finally, Jennison Associates LLC raised its position in Home Depot by 13.1% during the first quarter. Jennison Associates LLC now owns 4,917,286 shares of the home improvement retailer’s stock valued at $1,886,271,000 after acquiring an additional 569,690 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Down 0.5 %

Shares of Home Depot stock opened at $399.64 on Thursday. The company’s fifty day moving average price is $388.23 and its two-hundred day moving average price is $359.43. The firm has a market capitalization of $396.29 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 2.88 and a beta of 1.00. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $421.56. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same quarter in the prior year, the business posted $4.65 earnings per share. The company’s quarterly revenue was up .6% compared to the same quarter last year. On average, analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.25%. Home Depot’s dividend payout ratio is currently 60.36%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HD. Piper Sandler raised 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. JPMorgan Chase & Co. upped their price target on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Daiwa America raised Home Depot to a “hold” rating in a research note on Thursday, August 15th. Truist Financial upped their target price on Home Depot from $395.00 to $455.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Finally, DA Davidson lifted their price target on shares of Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $410.67.

Home Depot Company 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.