Vickerman Investment Advisors Inc. Sells 805 Shares of The Home Depot, Inc. (NYSE:HD)

Vickerman Investment Advisors Inc. trimmed its position in The Home Depot, Inc. (NYSE:HD) by 11.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,219 shares of the home improvement retailer’s stock after selling 805 shares during the quarter. Vickerman Investment Advisors Inc.’s holdings in Home Depot were worth $2,419,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Synergy Asset Management LLC acquired a new stake in Home Depot in the 4th quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Home Depot during the fourth quarter worth approximately $28,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Home Depot in the fourth quarter valued at approximately $32,000. Legacy Investment Solutions LLC acquired a new stake in shares of Home Depot in the third quarter worth $41,000. Finally, Marshall Investment Management LLC bought a new position in Home Depot during the fourth quarter worth $41,000. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Up 0.5 %

HD stock opened at $355.31 on Friday. The business has a fifty day moving average price of $394.73 and a 200 day moving average price of $398.78. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The stock has a market capitalization of $352.95 billion, a price-to-earnings ratio of 24.14, a P/E/G ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating analysts’ consensus estimates of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period last year, the company posted $2.82 earnings per share. Analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $2.30 dividend. The ex-dividend date is Thursday, March 13th. This is an increase from Home Depot’s previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.59%. Home Depot’s payout ratio is currently 61.66%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on HD shares. Truist Financial reduced their price target on shares of Home Depot from $467.00 to $437.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Guggenheim reaffirmed a “buy” rating and set a $450.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Robert W. Baird decreased their target price on Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Telsey Advisory Group restated an “outperform” rating and set a $455.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Finally, KGI Securities upgraded Home Depot to a “strong-buy” rating in a research report on Monday, March 3rd. Nine research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $436.50.

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.