The Home Depot, Inc. (NYSE:HD) Shares Sold by Sterling Investment Advisors Ltd.

Sterling Investment Advisors Ltd. lessened its position in The Home Depot, Inc. (NYSE:HD) by 0.2% in the 4th quarter, Holdings Channel reports. The fund owned 19,511 shares of the home improvement retailer’s stock after selling 39 shares during the period. Home Depot accounts for approximately 1.9% of Sterling Investment Advisors Ltd.’s holdings, making the stock its 14th biggest position. Sterling Investment Advisors Ltd.’s holdings in Home Depot were worth $7,590,000 at the end of the most recent quarter.

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

Home Depot Trading Down 1.1 %

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

Home Depot Increases Dividend

The firm also recently declared 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 represents a $9.20 dividend on an annualized basis and a yield of 2.41%. This is a boost from Home Depot’s previous quarterly dividend of $2.25. Home Depot’s payout ratio is 61.14%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on HD shares. Mizuho raised their target price on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. TD Cowen raised their target price on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Stifel Nicolaus raised their target price on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Evercore ISI raised their target price on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $455.00 price target on shares of Home Depot in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $433.44.

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.