The Home Depot, Inc. (NYSE:HD) Shares Purchased by Aspiriant LLC

Posted by on Apr 2nd, 2023

Aspiriant LLC boosted its position in The Home Depot, Inc. (NYSE:HD – Get Rating) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,623 shares of the home improvement retailer’s stock after acquiring an additional 180 shares during the quarter. Aspiriant LLC’s holdings in Home Depot were worth $1,776,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fairfield Bush & CO. acquired a new position in Home Depot in the first quarter valued at $27,000. Glassy Mountain Advisors Inc. purchased a new position in Home Depot in the fourth quarter valued at about $30,000. First Personal Financial Services raised its position in Home Depot by 81.1% in the third quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 43 shares during the period. Align Wealth Management LLC purchased a new position in Home Depot in the fourth quarter valued at about $30,000. Finally, EWG Elevate Inc. purchased a new position in Home Depot in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 68.31% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the topic of several research reports. Oppenheimer cut their price objective on Home Depot from $470.00 to $400.00 and set an “outperform” rating on the stock in a research report on Friday, February 17th. Credit Suisse Group cut their price objective on Home Depot from $335.00 to $320.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 22nd. DA Davidson cut their price objective on Home Depot from $334.00 to $306.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 22nd. Telsey Advisory Group cut their price objective on Home Depot from $360.00 to $340.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 22nd. Finally, UBS Group dropped their target price on Home Depot from $350.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday, February 22nd. Thirteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $330.61.

Home Depot Stock Up 3.4 %

NYSE:HD opened at $295.12 on Friday. The firm has a market capitalization of $299.53 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 1.59 and a beta of 0.93. The stock has a 50 day moving average of $303.05 and a 200-day moving average of $303.27. The Home Depot, Inc. has a 52 week low of $264.51 and a 52 week high of $347.25. The company has a current ratio of 1.41, a quick ratio of 0.33 and a debt-to-equity ratio of 26.86.

Home Depot (NYSE:HD – Get Rating) last posted its earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 EPS for the quarter, beating the consensus estimate of $3.26 by $0.04. The company had revenue of $35.83 billion during the quarter, compared to analyst estimates of $36 billion. Home Depot had a return on equity of 4,929.40% and a net margin of 10.87%. The business’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company earned $3.21 earnings per share. Analysts predict that The Home Depot, Inc. will post 15.85 EPS for the current year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th were issued a dividend of $2.09 per share. The ex-dividend date of this dividend was Wednesday, March 8th. This is a positive change from Home Depot’s previous quarterly dividend of $1.90. This represents a $8.36 annualized dividend and a dividend yield of 2.83%. Home Depot’s dividend payout ratio is 50.12%.

Home Depot Company Profile

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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