L.M. Kohn & Company Sells 125 Shares of The Home Depot, Inc. (NYSE:HD)

L.M. Kohn & Company decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.0% in the 4th quarter, HoldingsChannel reports. The fund owned 12,401 shares of the home improvement retailer’s stock after selling 125 shares during the period. Home Depot makes up about 1.2% of L.M. Kohn & Company’s holdings, making the stock its 16th biggest holding. L.M. Kohn & Company’s holdings in Home Depot were worth $4,824,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AMF Tjanstepension AB lifted its holdings in Home Depot by 10.8% during the 3rd quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock worth $69,340,000 after purchasing an additional 16,650 shares in the last quarter. SYM FINANCIAL Corp lifted its holdings in Home Depot by 17.8% during the 3rd quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock worth $777,000 after purchasing an additional 289 shares in the last quarter. Wealth Group Ltd. purchased a new stake in Home Depot during the 3rd quarter worth about $217,000. Swedbank AB lifted its holdings in Home Depot by 17.1% during the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after purchasing an additional 132,967 shares in the last quarter. Finally, Net Worth Advisory Group purchased a new stake in Home Depot during the 3rd quarter worth about $647,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HD. TD Cowen increased their price objective on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Stifel Nicolaus upped their target price on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Bank of America upped their target price on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Evercore ISI upped their target price on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. upped their target price on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. 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, the company has a consensus rating of “Moderate Buy” and an average price target of $433.44.

Home Depot Trading Down 0.7 %

NYSE HD opened at $409.47 on Monday. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. 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 stock has a 50 day simple moving average of $404.49 and a two-hundred day simple moving average of $396.14. The stock has a market cap of $406.75 billion, a P/E ratio of 27.82, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05.

Insiders Place Their Bets

In other news, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the transaction, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

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.