Windsor Capital Management LLC Sells 77 Shares of The Home Depot, Inc. (NYSE:HD)

Posted by Defense World Staff on Jun 21st, 2023

Windsor Capital Management LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 2.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,630 shares of the home improvement retailer’s stock after selling 77 shares during the quarter. Windsor Capital Management LLC’s holdings in Home Depot were worth $776,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Home Depot in the 4th quarter worth $3,740,875,000. Moneta Group Investment Advisors LLC lifted its stake in shares of Home Depot by 105,205.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,994,957 shares of the home improvement retailer’s stock worth $3,472,867,000 after purchasing an additional 10,984,516 shares during the last quarter. Cottage Street Advisors LLC lifted its stake in shares of Home Depot by 26,657.7% during the 4th quarter. Cottage Street Advisors LLC now owns 3,580,444 shares of the home improvement retailer’s stock worth $659,000 after purchasing an additional 3,567,063 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Home Depot by 37.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,176,774 shares of the home improvement retailer’s stock worth $2,582,715,000 after purchasing an additional 2,247,709 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Home Depot during the 1st quarter worth $563,524,000. Institutional investors own 69.91% of the company’s stock.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of analyst reports. Citigroup decreased their price objective on Home Depot from $332.00 to $327.00 in a research note on Wednesday, May 10th. Jefferies Financial Group upped their price objective on Home Depot from $337.00 to $349.00 in a research note on Wednesday, June 14th. TheStreet cut Home Depot from a “b” rating to a “c+” rating in a research note on Tuesday, May 16th. Guggenheim decreased their price target on Home Depot from $335.00 to $320.00 in a research note on Wednesday, May 17th. Finally, Morgan Stanley decreased their price target on Home Depot from $340.00 to $320.00 in a research note on Wednesday, May 17th. Thirteen analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $323.43.

Insider Activity

In other news, EVP Hector A. Padilla sold 1,502 shares of Home Depot stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $293.09, for a total value of $440,221.18. Following the completion of the sale, the executive vice president now directly owns 13,958 shares of the company’s stock, valued at $4,090,950.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.19% of the company’s stock.

Home Depot Stock Performance

Shares of Home Depot stock opened at $301.44 on Wednesday. The business’s 50 day moving average price is $294.09 and its 200 day moving average price is $303.84. The company has a debt-to-equity ratio of 113.02, a quick ratio of 0.28 and a current ratio of 1.27. The company has a market cap of $303.06 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 1.93 and a beta of 0.93. The Home Depot, Inc. has a one year low of $264.51 and a one year high of $347.25.

Home Depot (NYSE:HD – Get Rating) last posted its earnings results on Tuesday, May 16th. The home improvement retailer reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.80 by $0.02. The company had revenue of $37.26 billion during the quarter, compared to analysts’ expectations of $38.35 billion. Home Depot had a return on equity of 1,936.63% and a net margin of 10.75%. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $4.09 earnings per share. On average, research analysts predict that The Home Depot, Inc. will post 14.97 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were paid a dividend of $2.09 per share. The ex-dividend date was Wednesday, May 31st. This represents a $8.36 annualized dividend and a yield of 2.77%. Home Depot’s dividend payout ratio (DPR) is 50.94%.

Home Depot Company Profile

(Get Rating)

The Home Depot, Inc operates as a home improvement retailer. 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.