Windsor Group LTD Lowers Position in The Home Depot, Inc. (NYSE:HD)

Posted by Defense World Staff on Jul 3rd, 2023

Windsor Group LTD trimmed its stake in The Home Depot, Inc. (NYSE:HD – Free Report) by 8.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,380 shares of the home improvement retailer’s stock after selling 128 shares during the period. Windsor Group LTD’s holdings in Home Depot were worth $402,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fairfield Bush & CO. purchased a new position in shares of Home Depot during the 1st quarter valued at about $27,000. Glassy Mountain Advisors Inc. bought a new position in shares of Home Depot during the 4th quarter valued at $30,000. Studio Investment Management LLC purchased a new position in Home Depot in the 4th quarter worth $32,000. Align Wealth Management LLC bought a new stake in Home Depot in the fourth quarter worth $30,000. Finally, EWG Elevate Inc. purchased a new stake in Home Depot during the fourth quarter valued at about $36,000. 69.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on HD. Loop Capital raised their price target on Home Depot from $280.00 to $300.00 in a research report on Wednesday, June 14th. StockNews.com assumed coverage on shares of Home Depot in a research report on Thursday, May 18th. They set a “hold” rating for the company. Jefferies Financial Group boosted their price objective on shares of Home Depot from $337.00 to $349.00 in a research report on Wednesday, June 14th. Truist Financial dropped their target price on shares of Home Depot from $352.00 to $318.00 in a report on Wednesday, May 17th. Finally, Credit Suisse Group dropped their target price on shares of Home Depot from $320.00 to $310.00 in a report on Wednesday, May 17th. Twelve analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $323.43.

Insider Activity

In other news, EVP Hector A. Padilla sold 1,502 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $293.09, for a total transaction of $440,221.18. Following the sale, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.19% of the company’s stock.

Home Depot Trading Up 0.9 %

Shares of Home Depot stock opened at $310.64 on Monday. The company’s fifty day simple moving average is $295.79 and its 200-day simple moving average is $302.81. The stock has a market capitalization of $312.31 billion, a PE ratio of 18.93, a P/E/G ratio of 2.02 and a beta of 0.93. The Home Depot, Inc. has a 1-year low of $265.61 and a 1-year high of $347.25. The company has a debt-to-equity ratio of 113.02, a current ratio of 1.27 and a quick ratio of 0.28.

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

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were given 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 2.69%. Home Depot’s payout ratio is 50.94%.

Home Depot Profile

(Free Report)

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.