The Home Depot, Inc. (NYSE:HD) Shares Sold by Commonwealth Retirement Investments LLC

Commonwealth Retirement Investments LLC lowered its stake in The Home Depot, Inc. (NYSE:HD) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,181 shares of the home improvement retailer’s stock after selling 88 shares during the period. Home Depot makes up approximately 2.9% of Commonwealth Retirement Investments LLC’s holdings, making the stock its 7th biggest position. Commonwealth Retirement Investments LLC’s holdings in Home Depot were worth $7,072,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HD. Synergy Asset Management LLC acquired a new position in shares of Home Depot during the 4th quarter worth about $26,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Home Depot during the 4th quarter worth about $28,000. Legacy Investment Solutions LLC acquired a new position in shares of Home Depot during the 3rd quarter worth about $41,000. Marshall Investment Management LLC acquired a new position in shares of Home Depot during the 4th quarter worth about $41,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of Home Depot during the 4th quarter worth about $41,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

HD has been the subject of several research analyst reports. Barclays boosted their price objective on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Royal Bank of Canada boosted their price objective on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. Stifel Nicolaus upped their price target on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Truist Financial upped their price target on Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, TD Cowen upped their price target on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $433.44.

Home Depot Stock Down 1.1 %

NYSE HD opened at $381.12 on Tuesday. The firm has a market cap of $378.59 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The stock’s 50 day simple moving average is $401.53 and its 200 day simple moving average is $398.16. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $2.30 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a yield of 2.41%. Home Depot’s dividend payout ratio is 61.14%.

Home Depot 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.