Asio Capital LLC Has $710,000 Holdings in The Home Depot, Inc. (NYSE:HD)

Asio Capital LLC lessened its stake in The Home Depot, Inc. (NYSE:HD) by 3.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,852 shares of the home improvement retailer’s stock after selling 65 shares during the quarter. Asio Capital LLC’s holdings in Home Depot were worth $710,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bare Financial Services Inc acquired a new position in shares of Home Depot in the fourth quarter valued at approximately $26,000. Frank Rimerman Advisors LLC acquired a new position in shares of Home Depot in the fourth quarter valued at approximately $27,000. Keener Financial Planning LLC acquired a new position in shares of Home Depot in the fourth quarter valued at approximately $31,000. PFG Private Wealth Management LLC increased its stake in shares of Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 32 shares during the period. Finally, Gilfoyle & Co LLC acquired a new position in shares of Home Depot in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the sale, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HD shares. Bank of America upped their price objective on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a report on Tuesday, May 14th. Wedbush reiterated an “outperform” rating and issued a $410.00 target price on shares of Home Depot in a report on Friday, May 10th. Truist Financial reduced their target price on Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Finally, Zelman & Associates upgraded Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $378.42.

Home Depot Price Performance

Shares of HD opened at $344.24 on Friday. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The business’s fifty day moving average is $338.51 and its 200 day moving average is $352.74. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The stock has a market cap of $341.35 billion, a P/E ratio of 23.09, a P/E/G ratio of 2.36 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The company had revenue of $36.42 billion for the quarter, compared to analysts’ expectations of $36.65 billion. During the same period last year, the business earned $3.82 EPS. Home Depot’s quarterly revenue was down 2.3% compared to the same quarter last year. Sell-side analysts anticipate that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Thursday, May 30th. Home Depot’s payout ratio is currently 60.36%.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. 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.