Sterling Investment Advisors Ltd. Trims Stock Position in The Home Depot, Inc. (NYSE:HD)

Sterling Investment Advisors Ltd. cut its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,511 shares of the home improvement retailer’s stock after selling 39 shares during the period. Home Depot makes up 1.9% of Sterling Investment Advisors Ltd.’s holdings, making the stock its 14th biggest holding. Sterling Investment Advisors Ltd.’s holdings in Home Depot were worth $7,590,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Pensionfund Sabic raised its stake in Home Depot by 51.4% during the fourth quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer’s stock worth $4,357,000 after purchasing an additional 3,800 shares during the period. Swedbank AB raised its stake in shares of Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after acquiring an additional 132,967 shares during the period. Wedmont Private Capital raised its stake in shares of Home Depot by 12.5% in the 4th quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer’s stock valued at $5,291,000 after acquiring an additional 1,506 shares during the period. Johnson & White Wealth Management LLC purchased a new stake in shares of Home Depot in the 4th quarter valued at approximately $1,793,000. Finally, Cerity Partners LLC raised its stake in shares of Home Depot by 14.3% in the 3rd quarter. Cerity Partners LLC now owns 673,876 shares of the home improvement retailer’s stock valued at $273,055,000 after acquiring an additional 84,062 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Down 1.1 %

Shares of Home Depot stock opened at $381.12 on Tuesday. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The company has a market capitalization of $378.59 billion, a P/E ratio of 25.89, a PEG ratio of 4.03 and a beta of 1.05. The company’s fifty day moving average is $401.53 and its two-hundred day moving average is $398.16.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $2.30 per share. This is an increase from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.41%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Analysts Set New Price Targets

HD has been the topic of a number of research analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a research note on Thursday, February 20th. Truist Financial upped their target price on shares of Home Depot from $465.00 to $467.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Stifel Nicolaus upped their target price on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. TD Cowen upped their target price on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, Barclays upped their target price on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $433.44.

About Home Depot

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.