Sagespring Wealth Partners LLC Raises Stake in The Home Depot, Inc. (NYSE:HD)

Sagespring Wealth Partners LLC grew its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 3.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,521 shares of the home improvement retailer's stock after purchasing an additional 1,087 shares during the quarter. Sagespring Wealth Partners LLC's holdings in Home Depot were worth $13,018,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Center for Financial Planning Inc. raised its holdings in shares of Home Depot by 0.5% in the fourth quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer's stock worth $1,810,000 after buying an additional 24 shares during the last quarter. Wealth Group Ltd. raised its holdings in Home Depot by 5.0% in the 4th quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock worth $219,000 after purchasing an additional 27 shares during the period. Members Trust Co lifted its position in shares of Home Depot by 1.0% during the 4th quarter. Members Trust Co now owns 2,692 shares of the home improvement retailer's stock valued at $1,047,000 after buying an additional 27 shares in the last quarter. Sollinda Capital Management LLC grew its position in shares of Home Depot by 2.5% in the fourth quarter. Sollinda Capital Management LLC now owns 1,115 shares of the home improvement retailer's stock valued at $434,000 after purchasing an additional 27 shares during the period. Finally, Hurlow Wealth Management Group Inc. boosted its holdings in Home Depot by 1.3% in the 4th quarter. Hurlow Wealth Management Group Inc. now owns 2,137 shares of the home improvement retailer's stock worth $831,000 after buying an additional 27 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Down 0.7%

HD traded down $2.37 during mid-day trading on Thursday, hitting $346.41. The stock had a trading volume of 4,424,277 shares, compared to its average volume of 3,419,350. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The firm has a market capitalization of $344.65 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 3.32 and a beta of 1.02. The stock's fifty day simple moving average is $362.86 and its 200-day simple moving average is $381.18.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The firm had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. During the same period last year, the company earned $3.63 EPS. The company's revenue was up 9.4% compared to the same quarter last year. As a group, research analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were paid a dividend of $2.30 per share. The ex-dividend date was Thursday, June 5th. This represents a $9.20 annualized dividend and a dividend yield of 2.66%. Home Depot's dividend payout ratio is currently 62.42%.

Analysts Set New Price Targets

Several equities research analysts recently commented on HD shares. Truist Financial increased their price target on Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Stifel Nicolaus raised Home Depot from a "hold" rating to a "buy" rating and lifted their price objective for the company from $405.00 to $425.00 in a research note on Wednesday, May 21st. Wedbush reiterated an "outperform" rating and set a $440.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Wells Fargo & Company lowered their price objective on Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Finally, HSBC raised Home Depot from a "reduce" rating to a "hold" rating and increased their target price for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and a consensus price target of $426.77.

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the sale, the executive vice president now directly owns 17,367 shares in the company, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the transaction, the executive vice president now owns 7,951 shares in the company, valued at $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.