SGL Investment Advisors Inc. Acquires Shares of 15,502 The Home Depot, Inc. (NYSE:HD)

SGL Investment Advisors Inc. purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,502 shares of the home improvement retailer’s stock, valued at approximately $6,289,000. Home Depot makes up approximately 3.2% of SGL Investment Advisors Inc.’s portfolio, making the stock its 3rd biggest position.

A number of other hedge funds also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new position in shares of Home Depot during the second quarter valued at approximately $25,000. Kings Path Partners LLC purchased a new position in shares of Home Depot in the second quarter worth approximately $33,000. Denver PWM LLC purchased a new stake in Home Depot during the second quarter valued at approximately $40,000. Legacy Investment Solutions LLC purchased a new position in shares of Home Depot during the 3rd quarter worth $41,000. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Home Depot in the 3rd quarter worth $46,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 1.1 %

Home Depot stock opened at $431.37 on Monday. 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 cap of $428.51 billion, a PE ratio of 29.31, a P/E/G ratio of 3.00 and a beta of 1.03. The stock’s 50 day simple moving average is $410.60 and its two-hundred day simple moving average is $375.37. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37.

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

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.09%. The ex-dividend date is Wednesday, November 27th. Home Depot’s payout ratio is 61.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Guggenheim increased their target price on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Bank of America boosted their price objective on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Truist Financial increased their target price on Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Melius Research assumed coverage on Home Depot in a report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price target on the stock. Finally, Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $360.00 to $455.00 in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Insiders Place Their Bets

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction 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 directly owns 12,465 shares in the company, valued at $5,018,159.70. This represents a 0.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the transaction, the executive vice president now owns 20,404 shares in the company, valued at approximately $8,343,399.64. This represents a 51.98 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 38,188 shares of company stock worth $15,624,585. Corporate insiders own 0.10% of the company’s stock.

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.