Orser Capital Management LLC Has $3.01 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Posted by Defense World Staff on Jun 23rd, 2023

Orser Capital Management LLC boosted its position in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 6.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,192 shares of the home improvement retailer’s stock after buying an additional 635 shares during the period. Home Depot makes up about 3.4% of Orser Capital Management LLC’s portfolio, making the stock its 10th biggest holding. Orser Capital Management LLC’s holdings in Home Depot were worth $3,008,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BCK Partners Inc. acquired a new stake in shares of Home Depot in the 1st quarter worth $2,933,000. Fairfield Bush & CO. acquired a new stake in shares of Home Depot in the 1st quarter worth $27,000. Ergoteles LLC acquired a new stake in shares of Home Depot in the 1st quarter worth $1,554,000. Equitable Holdings Inc. boosted its position in shares of Home Depot by 7.4% in the 1st quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock worth $4,379,000 after purchasing an additional 1,007 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Home Depot by 3.2% in the 1st quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock worth $236,865,000 after purchasing an additional 24,640 shares in the last quarter. 69.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of research analyst reports. Jefferies Financial Group raised their target price on Home Depot from $337.00 to $349.00 in a research note on Wednesday, June 14th. Wedbush reduced their target price on Home Depot from $300.00 to $290.00 in a research note on Wednesday, May 17th. StockNews.com initiated coverage on Home Depot in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Morgan Stanley reduced their target price on Home Depot from $340.00 to $320.00 in a research note on Wednesday, May 17th. Finally, Credit Suisse Group reduced their target price on Home Depot from $320.00 to $310.00 in a research note on Wednesday, May 17th. Thirteen equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $323.43.

Insider Transactions at Home Depot

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

Home Depot Trading Up 0.2 %

HD stock opened at $301.19 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.28 and a debt-to-equity ratio of 113.02. The Home Depot, Inc. has a 12-month low of $265.61 and a 12-month high of $347.25. The stock has a market cap of $302.81 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.93 and a beta of 0.93. The business’s 50-day moving average is $294.48 and its 200 day moving average is $303.80.

Home Depot (NYSE:HD – Get Rating) last posted its quarterly earnings data 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. Home Depot had a return on equity of 1,936.63% and a net margin of 10.75%. The company had revenue of $37.26 billion for the quarter, compared to analysts’ expectations of $38.35 billion. During the same period in the previous year, the firm posted $4.09 EPS. Home Depot’s revenue was down 4.2% compared to the same quarter last year. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 14.97 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were issued a dividend of $2.09 per share. This represents a $8.36 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend was Wednesday, May 31st. Home Depot’s dividend payout ratio is currently 50.94%.

About Home Depot

(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.