Sage Investment Counsel LLC Buys Shares of 1,857 The Home Depot, Inc. (NYSE:HD)

Sage Investment Counsel LLC purchased a new stake in The Home Depot, Inc. (NYSE:HD) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,857 shares of the home improvement retailer’s stock, valued at approximately $722,000. Home Depot makes up 0.9% of Sage Investment Counsel LLC’s holdings, making the stock its 25th biggest holding.

Other large investors have also made changes to their positions in the company. Synergy Asset Management LLC bought a new stake in shares of Home Depot in the 4th quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Home Depot in the 4th quarter valued at approximately $28,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Home Depot in the 4th quarter valued at approximately $32,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot in the 3rd quarter valued at approximately $41,000. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of Home Depot in the 4th quarter valued at approximately $41,000. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on HD shares. Wedbush reissued an “outperform” rating and issued a $440.00 price target on shares of Home Depot in a research note on Wednesday. Bank of America boosted their target price on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 target price on shares of Home Depot in a report on Wednesday. Truist Financial reduced their target price on Home Depot from $467.00 to $437.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Guggenheim restated a “buy” rating and issued a $450.00 target price on shares of Home Depot in a report on Wednesday. Nine investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $436.50.

Home Depot Stock Performance

Shares of NYSE HD opened at $396.69 on Friday. The business has a fifty day simple moving average of $401.36 and a 200 day simple moving average of $398.72. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The firm has a market capitalization of $394.06 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating analysts’ consensus estimates of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $39.70 billion for the quarter, compared to analysts’ expectations of $39.15 billion. During the same period in the prior year, the business posted $2.82 earnings per share. The business’s revenue was up 14.1% compared to the same quarter last year. Sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.32%. This is a boost from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend is Thursday, March 13th. Home Depot’s dividend payout ratio is 61.66%.

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.