Sage Capital Advisors llc Grows Stake in The Home Depot, Inc. (NYSE:HD)

Sage Capital Advisors llc boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,466 shares of the home improvement retailer’s stock after buying an additional 143 shares during the quarter. Home Depot makes up approximately 2.0% of Sage Capital Advisors llc’s investment portfolio, making the stock its 11th biggest holding. Sage Capital Advisors llc’s holdings in Home Depot were worth $7,572,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in HD. Geode Capital Management LLC boosted its holdings in Home Depot by 2.0% in the third quarter. Geode Capital Management LLC now owns 21,700,427 shares of the home improvement retailer’s stock worth $8,767,449,000 after acquiring an additional 433,126 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Home Depot by 2.2% in the 3rd quarter. Fisher Asset Management LLC now owns 9,426,649 shares of the home improvement retailer’s stock worth $3,819,679,000 after purchasing an additional 205,954 shares in the last quarter. International Assets Investment Management LLC grew its position in Home Depot by 51,250.1% during the 3rd quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock worth $35,575,880,000 after purchasing an additional 8,762,735 shares during the last quarter. FMR LLC increased its stake in Home Depot by 10.1% during the 3rd quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer’s stock valued at $3,516,827,000 after purchasing an additional 795,438 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Home Depot by 1.2% in the second quarter. Legal & General Group Plc now owns 8,515,343 shares of the home improvement retailer’s stock worth $2,931,328,000 after buying an additional 100,139 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. TD Cowen boosted their price objective on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Royal Bank of Canada increased their price objective on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a report on Monday, November 11th. Stifel Nicolaus lifted their target price on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Truist Financial increased their price target on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Melius Research initiated coverage on shares of Home Depot in a research note on Monday, September 23rd. They set a “buy” rating and a $420.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Insider Transactions at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the sale, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. This represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock worth $15,624,585 in the last ninety days. Insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Shares of NYSE HD traded up $4.50 during midday trading on Friday, hitting $391.70. The stock had a trading volume of 3,172,303 shares, compared to its average volume of 2,672,708. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The stock has a 50 day simple moving average of $406.19 and a 200-day simple moving average of $385.06. The company has a market capitalization of $389.10 billion, a PE ratio of 26.61, a P/E/G ratio of 2.90 and a beta of 1.05. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The company had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.81 EPS. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio (DPR) is 61.14%.

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.