Aspiriant LLC Buys 63 Shares of The Home Depot, Inc. (NYSE:HD)

Posted by Defense World Staff on Jul 17th, 2023

Aspiriant LLC grew its holdings in The Home Depot, Inc. (NYSE:HD – Free Report) by 1.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,686 shares of the home improvement retailer’s stock after purchasing an additional 63 shares during the quarter. Aspiriant LLC’s holdings in Home Depot were worth $1,678,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HD. Willis Investment Counsel grew its position in shares of Home Depot by 0.4% during the 1st quarter. Willis Investment Counsel now owns 98,795 shares of the home improvement retailer’s stock worth $29,156,000 after buying an additional 433 shares during the period. Cottage Street Advisors LLC raised its stake in shares of Home Depot by 26,657.7% during the 4th quarter. Cottage Street Advisors LLC now owns 3,580,444 shares of the home improvement retailer’s stock worth $659,000 after purchasing an additional 3,567,063 shares during the period. Sigma Planning Corp raised its stake in shares of Home Depot by 1.6% during the 4th quarter. Sigma Planning Corp now owns 43,430 shares of the home improvement retailer’s stock worth $13,718,000 after purchasing an additional 672 shares during the period. Howard Financial Services LTD. grew its holdings in Home Depot by 7.2% during the 1st quarter. Howard Financial Services LTD. now owns 727 shares of the home improvement retailer’s stock valued at $215,000 after buying an additional 49 shares in the last quarter. Finally, Legacy Bridge LLC grew its holdings in Home Depot by 1.8% during the 4th quarter. Legacy Bridge LLC now owns 5,213 shares of the home improvement retailer’s stock valued at $1,647,000 after buying an additional 90 shares in the last quarter. Institutional investors own 69.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HD. StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Guggenheim lowered their price objective on Home Depot from $335.00 to $320.00 in a research report on Wednesday, May 17th. Jefferies Financial Group boosted their price objective on Home Depot from $337.00 to $349.00 in a research report 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. Finally, Loop Capital boosted their target price on Home Depot from $280.00 to $300.00 in a research note on Wednesday, June 14th. Twelve research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $324.50.

Insiders Place Their Bets

In related news, EVP Hector A. Padilla sold 1,502 shares of Home Depot stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $293.09, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.19% of the stock is owned by corporate insiders.

Home Depot Price Performance

NYSE:HD opened at $316.50 on Monday. 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 50 day moving average of $299.13 and a two-hundred day moving average of $302.22. The firm has a market cap of $318.20 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 2.06 and a beta of 0.94.

Home Depot (NYSE:HD – Get Free Report) last announced its 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 company had revenue of $37.26 billion during the quarter, compared to analyst estimates of $38.35 billion. Home Depot had a net margin of 10.75% and a return on equity of 1,936.63%. Home Depot’s revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $4.09 earnings per share. On average, analysts expect that The Home Depot, Inc. will post 14.97 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were issued a dividend of $2.09 per share. The ex-dividend date was Wednesday, May 31st. This represents a $8.36 dividend on an annualized basis and a yield of 2.64%. Home Depot’s payout ratio is currently 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.