The Home Depot, Inc. (NYSE:HD) Stock Position Lifted by Sarasin & Partners LLP

Sarasin & Partners LLP boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.7% in the fourth quarter, HoldingsChannel reports. The fund owned 929,329 shares of the home improvement retailer’s stock after purchasing an additional 24,198 shares during the quarter. Home Depot makes up 4.0% of Sarasin & Partners LLP’s portfolio, making the stock its 10th largest position. Sarasin & Partners LLP’s holdings in Home Depot were worth $361,500,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HD. Community Bank of Raymore boosted its holdings in Home Depot by 4.3% in the fourth quarter. Community Bank of Raymore now owns 6,732 shares of the home improvement retailer’s stock worth $2,619,000 after acquiring an additional 275 shares in the last quarter. Ironwood Financial llc boosted its stake in Home Depot by 0.7% in the 4th quarter. Ironwood Financial llc now owns 4,537 shares of the home improvement retailer’s stock worth $1,765,000 after purchasing an additional 32 shares in the last quarter. Consolidated Capital Management LLC grew its position in Home Depot by 21.6% during the 4th quarter. Consolidated Capital Management LLC now owns 653 shares of the home improvement retailer’s stock worth $254,000 after purchasing an additional 116 shares during the last quarter. Trueblood Wealth Management LLC increased its stake in Home Depot by 2.8% during the 4th quarter. Trueblood Wealth Management LLC now owns 5,810 shares of the home improvement retailer’s stock valued at $2,260,000 after purchasing an additional 156 shares in the last quarter. Finally, Diversify Wealth Management LLC raised its holdings in shares of Home Depot by 38.4% in the fourth quarter. Diversify Wealth Management LLC now owns 17,153 shares of the home improvement retailer’s stock worth $6,688,000 after buying an additional 4,759 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of the 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 completion of the sale, the executive vice president now owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,188 shares of company stock worth $15,624,585. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Stifel Nicolaus increased their price objective on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and lifted their target price for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. Royal Bank of Canada upped their target price on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. Finally, Piper Sandler raised their price target on shares of Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Stock Performance

HD opened at $418.65 on Wednesday. The company has a market cap of $415.87 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 4.31 and a beta of 1.05. The firm’s fifty day simple moving average is $406.53 and its two-hundred day simple moving average is $388.73. 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 Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. During the same period in the previous year, the firm posted $3.81 EPS. Home Depot’s revenue was up 6.6% compared to the same quarter last year. Equities analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.15%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio is currently 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.