The Home Depot, Inc. (NYSE:HD) Shares Sold by Osborne Partners Capital Management LLC

Posted by Defense World Staff on Jul 11th, 2023

Osborne Partners Capital Management LLC lessened its holdings in The Home Depot, Inc. (NYSE:HD – Free Report) by 0.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,066 shares of the home improvement retailer’s stock after selling 108 shares during the quarter. Osborne Partners Capital Management LLC’s holdings in Home Depot were worth $6,217,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Fairfield Bush & CO. acquired a new stake in shares of Home Depot during the first quarter worth about $27,000. Align Wealth Management LLC acquired a new position in Home Depot in the fourth quarter valued at approximately $30,000. Glassy Mountain Advisors Inc. acquired a new position in Home Depot in the fourth quarter valued at approximately $30,000. Studio Investment Management LLC acquired a new position in Home Depot in the fourth quarter valued at approximately $32,000. Finally, EWG Elevate Inc. acquired a new position in Home Depot in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 69.91% of the company’s stock.

Insider Activity

In other news, EVP Hector A. Padilla sold 1,502 shares of the company’s 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 transaction, the executive vice president now owns 13,958 shares of the company’s stock, valued at approximately $4,090,950.22. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HD. Guggenheim decreased their price target on Home Depot from $335.00 to $320.00 in a report on Wednesday, May 17th. Loop Capital boosted their price target on Home Depot from $280.00 to $300.00 in a report on Wednesday, June 14th. Wells Fargo & Company boosted their price target on Home Depot from $325.00 to $345.00 in a report on Thursday, June 8th. Wedbush cut their price objective on Home Depot from $300.00 to $290.00 in a research report on Wednesday, May 17th. Finally, Sanford C. Bernstein cut their price objective on Home Depot from $333.00 to $314.00 in a research report on Wednesday, May 17th. Eleven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $323.43.

Home Depot Stock Performance

NYSE HD opened at $310.28 on Tuesday. The stock’s fifty day moving average is $297.14 and its two-hundred day moving average is $302.30. The firm has a market capitalization of $311.95 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 1.97 and a beta of 0.94. 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 Home Depot, Inc. has a fifty-two week low of $265.61 and a fifty-two week high of $347.25.

Home Depot (NYSE:HD – Get Free Report) last released its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $3.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.80 by $0.02. The company had revenue of $37.26 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.09 earnings per share. On average, research analysts anticipate that The Home Depot, Inc. will post 14.97 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were paid a $2.09 dividend. This represents a $8.36 annualized dividend and a dividend yield of 2.69%. The ex-dividend date was Wednesday, May 31st. Home Depot’s dividend payout ratio (DPR) is presently 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.