Delta Capital Management LLC Sells 40 Shares of The Home Depot, Inc. (NYSE:HD)

Posted by on Jun 25th, 2023

Delta Capital Management LLC lowered its position in The Home Depot, Inc. (NYSE:HD – Get Rating) by 0.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,630 shares of the home improvement retailer’s stock after selling 40 shares during the quarter. Home Depot comprises approximately 2.2% of Delta Capital Management LLC’s portfolio, making the stock its 13th largest holding. Delta Capital Management LLC’s holdings in Home Depot were worth $3,137,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in HD. Fairfield Bush & CO. purchased a new stake in shares of Home Depot during the 1st quarter valued at $27,000. Align Wealth Management LLC purchased a new position in shares of Home Depot in the 4th quarter worth about $30,000. Glassy Mountain Advisors Inc. bought a new position in shares of Home Depot during the 4th quarter valued at about $30,000. Studio Investment Management LLC purchased a new position in shares of Home Depot during the 4th quarter valued at about $32,000. Finally, EWG Elevate Inc. bought a new position in Home Depot during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 69.91% of the company’s stock.

Home Depot Trading Down 0.1 %

NYSE:HD opened at $300.81 on Friday. The firm has a market capitalization of $302.43 billion, a P/E ratio of 18.33, a PEG ratio of 1.93 and a beta of 0.93. The company has a debt-to-equity ratio of 113.02, a current ratio of 1.27 and a quick ratio of 0.28. The Home Depot, Inc. has a one year low of $265.61 and a one year high of $347.25. The company’s 50-day simple moving average is $294.65 and its 200 day simple moving average is $303.57.

Home Depot (NYSE:HD – Get Rating) last issued its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $3.82 EPS for the quarter, topping analysts’ consensus estimates 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 firm 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. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, analysts forecast that The Home Depot, Inc. will post 14.97 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $8.36 annualized dividend and a dividend yield of 2.78%. Home Depot’s payout ratio is presently 50.94%.

Insider Transactions at Home Depot

In other Home Depot news, EVP Hector A. Padilla sold 1,502 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $293.09, for a total transaction of $440,221.18. Following the completion of the sale, the executive vice president now directly owns 13,958 shares in the company, valued at approximately $4,090,950.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.19% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HD has been the subject of a number of research reports. Jefferies Financial Group upped their price objective on shares of Home Depot from $337.00 to $349.00 in a research note on Wednesday, June 14th. StockNews.com assumed coverage on Home Depot in a research note on Thursday, May 18th. They set a “hold” rating on the stock. TheStreet cut Home Depot from a “b” rating to a “c+” rating in a report on Tuesday, May 16th. Credit Suisse Group decreased their price target on Home Depot from $320.00 to $310.00 in a research note on Wednesday, May 17th. Finally, Wells Fargo & Company raised their target price on shares of Home Depot from $325.00 to $345.00 in a report on Thursday, June 8th. Twelve investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $323.43.

Home Depot Company Profile

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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.

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

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