Aull & Monroe Investment Management Corp Has $5.36 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Aull & Monroe Investment Management Corp reduced its position in shares of The Home Depot, Inc. (NYSE:HD) by 9.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,784 shares of the home improvement retailer’s stock after selling 1,450 shares during the quarter. Home Depot makes up 2.7% of Aull & Monroe Investment Management Corp’s investment portfolio, making the stock its 7th largest holding. Aull & Monroe Investment Management Corp’s holdings in Home Depot were worth $5,362,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Synergy Asset Management LLC bought a new stake in shares of Home Depot during the 4th quarter worth $26,000. Wingate Wealth Advisors Inc. bought a new stake in Home Depot in the 4th quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Home Depot in the 4th quarter valued at $32,000. NewSquare Capital LLC boosted its holdings in Home Depot by 200.0% in the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock valued at $40,000 after purchasing an additional 68 shares during the period. Finally, Legacy Investment Solutions LLC bought a new stake in Home Depot in the 3rd quarter valued at $41,000. 70.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of research reports. Piper Sandler reduced their price target on shares of Home Depot from $455.00 to $435.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Bank of America raised their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Wells Fargo & Company raised their price objective on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Finally, Mizuho increased their target price on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average price target of $436.50.

Home Depot Stock Performance

NYSE:HD opened at $386.82 on Thursday. The company has a market capitalization of $384.25 billion, a PE ratio of 26.28, a P/E/G ratio of 4.03 and a beta of 1.05. The company has a 50 day simple moving average of $400.81 and a two-hundred day simple moving average of $399.62. 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 Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37.

Home Depot (NYSE:HD) last released 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. The business had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.82 EPS. Research analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

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 issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.38%. This is a boost from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend is Thursday, March 13th. Home Depot’s dividend payout ratio is presently 61.66%.

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.