Sawyer & Company Inc Sells 193 Shares of The Home Depot, Inc. (NYSE:HD)

Posted by Defense World Staff on Jul 3rd, 2023

Sawyer & Company Inc trimmed its stake in The Home Depot, Inc. (NYSE:HD – Free Report) by 2.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,245 shares of the home improvement retailer’s stock after selling 193 shares during the period. Sawyer & Company Inc’s holdings in Home Depot were worth $2,401,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HD. Fairfield Bush & CO. bought a new position in shares of Home Depot in the first quarter worth approximately $27,000. Align Wealth Management LLC bought a new position in shares of Home Depot in the fourth quarter worth approximately $30,000. Glassy Mountain Advisors Inc. bought a new position in shares of Home Depot in the fourth quarter worth approximately $30,000. Studio Investment Management LLC bought a new position in shares of Home Depot in the fourth quarter worth approximately $32,000. Finally, EWG Elevate Inc. purchased a new stake in Home Depot in the fourth quarter worth approximately $36,000. 69.91% of the stock is currently owned by institutional investors.

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 stock was sold at an average price of $293.09, for a total transaction of $440,221.18. Following the completion of the transaction, the executive vice president now directly owns 13,958 shares in the company, valued at $4,090,950.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

Home Depot Price Performance

HD opened at $310.64 on Monday. The stock has a fifty day simple moving average of $295.79 and a two-hundred day simple moving average of $302.81. 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 company has a market cap of $312.31 billion, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 2.00 and a beta of 0.93. The Home Depot, Inc. has a 12-month low of $265.61 and a 12-month high of $347.25.

Home Depot (NYSE:HD – Free Report) 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 analysts’ consensus estimates of $3.80 by $0.02. The business had revenue of $37.26 billion during the quarter, compared to the consensus estimate 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 in the prior year, the company earned $4.09 earnings per share. Research analysts predict that The Home Depot, Inc. will post 14.97 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were issued a $2.09 dividend. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $8.36 dividend on an annualized basis and a yield of 2.69%. Home Depot’s dividend payout ratio (DPR) is 50.94%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Telsey Advisory Group cut their target price on Home Depot from $340.00 to $315.00 and set an “outperform” rating for the company in a research note on Wednesday, May 17th. TheStreet lowered Home Depot from a “b” rating to a “c+” rating in a research note on Tuesday, May 16th. Morgan Stanley cut their target price on Home Depot from $340.00 to $320.00 in a research note on Wednesday, May 17th. Robert W. Baird increased their price objective on Home Depot from $310.00 to $330.00 in a research note on Tuesday, June 13th. Finally, StockNews.com began coverage on Home Depot in a research note on Thursday, May 18th. They set a “hold” rating for the company. Twelve 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, the company has an average rating of “Moderate Buy” and a consensus price target of $323.43.

Home Depot Company 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.