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

Saxon Interests Inc. lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 53.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,229 shares of the home improvement retailer’s stock after buying an additional 1,823 shares during the quarter. Home Depot makes up approximately 1.0% of Saxon Interests Inc.’s investment portfolio, making the stock its 27th largest position. Saxon Interests Inc.’s holdings in Home Depot were worth $2,006,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HD. Kelly Lawrence W & Associates Inc. CA grew its holdings in Home Depot by 1.0% in the 3rd quarter. Kelly Lawrence W & Associates Inc. CA now owns 36,759 shares of the home improvement retailer’s stock valued at $11,107,000 after buying an additional 350 shares in the last quarter. JT Stratford LLC grew its holdings in Home Depot by 37.2% in the 3rd quarter. JT Stratford LLC now owns 6,880 shares of the home improvement retailer’s stock valued at $2,079,000 after buying an additional 1,866 shares in the last quarter. Schroder Investment Management Group grew its holdings in Home Depot by 11.5% in the 3rd quarter. Schroder Investment Management Group now owns 1,008,390 shares of the home improvement retailer’s stock valued at $304,695,000 after buying an additional 104,246 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its holdings in Home Depot by 15.0% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 697 shares of the home improvement retailer’s stock valued at $211,000 after buying an additional 91 shares in the last quarter. Finally, Royal London Asset Management Ltd. grew its holdings in Home Depot by 24.3% in the 3rd quarter. Royal London Asset Management Ltd. now owns 620,297 shares of the home improvement retailer’s stock valued at $187,358,000 after buying an additional 121,315 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Home Depot news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the transaction, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wedbush reiterated an “outperform” rating and set a $410.00 price target on shares of Home Depot in a report on Friday, May 10th. Bank of America increased their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Wells Fargo & Company lowered their price target on Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, May 9th. Evercore ISI increased their price target on Home Depot from $415.00 to $420.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Finally, Mizuho assumed coverage on Home Depot in a report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $378.42.

Home Depot Trading Down 0.4 %

NYSE:HD opened at $334.97 on Wednesday. The stock’s 50 day moving average price is $338.51 and its 200 day moving average price is $352.69. The company has a market capitalization of $332.16 billion, a PE ratio of 22.47, a P/E/G ratio of 2.38 and a beta of 0.99. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87.

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, topping analysts’ consensus estimates of $3.61 by $0.02. The firm had revenue of $36.42 billion for the quarter, compared to the consensus estimate of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $3.82 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Announces Dividend

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

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.