Sawyer & Company Inc Buys 51 Shares of The Home Depot, Inc. (NYSE:HD)

Sawyer & Company Inc increased its stake in The Home Depot, Inc. (NYSE:HD) by 0.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,939 shares of the home improvement retailer’s stock after acquiring an additional 51 shares during the quarter. Sawyer & Company Inc’s holdings in Home Depot were worth $3,045,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Bare Financial Services Inc bought a new stake in Home Depot during the 4th quarter valued at $26,000. Frank Rimerman Advisors LLC bought a new stake in Home Depot during the 4th quarter valued at $27,000. Keener Financial Planning LLC bought a new stake in Home Depot during the 4th quarter valued at $31,000. PFG Private Wealth Management LLC increased its stake in Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 32 shares in the last quarter. Finally, Gilfoyle & Co LLC bought a new stake in Home Depot during the 4th quarter valued at $35,000. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HD. HSBC cut their price objective on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a report on Wednesday, May 15th. Truist Financial cut their price objective on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a report on Tuesday, May 14th. DA Davidson raised shares of Home Depot from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $352.00 to $395.00 in a report on Wednesday. Finally, Guggenheim reaffirmed a “buy” rating and set a $390.00 price objective on shares of Home Depot in a report on Friday, April 5th. 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $378.42.

Home Depot Trading Up 0.8 %

Shares of HD opened at $344.24 on Friday. The business’s 50-day moving average price is $338.51 and its 200-day moving average price is $352.74. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The stock has a market cap of $341.35 billion, a PE ratio of 23.09, a P/E/G ratio of 2.36 and a beta of 1.00. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11.

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

Home Depot Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio is presently 60.36%.

Insider Buying and Selling

In related news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is owned by company insiders.

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.