The Home Depot, Inc. (NYSE:HD) Shares Sold by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 125,371 shares of the home improvement retailer’s stock after selling 662 shares during the period. Home Depot makes up 1.2% of Vaughan David Investments LLC IL’s investment portfolio, making the stock its 29th largest position. Vaughan David Investments LLC IL’s holdings in Home Depot were worth $48,768,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Synergy Asset Management LLC acquired a new position in Home Depot during the 4th quarter worth about $26,000. Wingate Wealth Advisors Inc. acquired a new position in Home Depot during the 4th quarter worth about $28,000. Legacy Investment Solutions LLC acquired a new position in Home Depot during the 3rd quarter worth about $41,000. Sugar Maple Asset Management LLC acquired a new position in Home Depot during the 4th quarter worth about $41,000. Finally, Marshall Investment Management LLC acquired a new position in Home Depot during the 4th quarter worth about $41,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Royal Bank of Canada increased their target price on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. upped their price target on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Evercore ISI upped their price target on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Barclays upped their price target on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Wells Fargo & Company upped their price target on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average price target of $433.44.

Home Depot Trading Down 1.1 %

HD opened at $381.12 on Tuesday. The firm 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 Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The business’s 50 day moving average is $401.53 and its two-hundred day moving average is $398.16. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot Increases Dividend

The company 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 is a positive change 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 payout ratio is 61.14%.

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.