Commonwealth Retirement Investments LLC Decreases Holdings in The Home Depot, Inc. (NYSE:HD)

Commonwealth Retirement Investments LLC trimmed its position in The Home Depot, Inc. (NYSE:HD) by 0.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 18,181 shares of the home improvement retailer’s stock after selling 88 shares during the quarter. Home Depot makes up about 2.9% of Commonwealth Retirement Investments LLC’s investment portfolio, making the stock its 7th biggest holding. Commonwealth Retirement Investments LLC’s holdings in Home Depot were worth $7,072,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Synergy Asset Management LLC bought a new position in Home Depot in the 4th quarter valued at $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot in the 4th quarter valued at $28,000. Legacy Investment Solutions LLC bought a new position in Home Depot in the 3rd quarter valued at $41,000. Marshall Investment Management LLC bought a new position in Home Depot in the 4th quarter valued at $41,000. Finally, Sugar Maple Asset Management LLC bought a new position in Home Depot in the 4th quarter valued at $41,000. 70.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on HD shares. Bank of America increased their price objective on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Truist Financial increased their price target on Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Barclays increased their price target on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. TD Cowen increased their price target on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Mizuho increased their price target on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. One equities research 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 MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $433.44.

Home Depot Price Performance

HD stock opened at $381.12 on Tuesday. The stock has a 50-day moving average price of $401.53 and a two-hundred day moving average price of $398.16. The stock 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 company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a $2.30 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.41%. Home Depot’s dividend payout ratio (DPR) is presently 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.