The Home Depot, Inc. (NYSE:HD) Stock Position Lowered by Klingman & Associates LLC

Klingman & Associates LLC lessened its position in The Home Depot, Inc. (NYSE:HD) by 6.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,749 shares of the home improvement retailer’s stock after selling 503 shares during the quarter. Klingman & Associates LLC’s holdings in Home Depot were worth $3,014,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in HD. AMF Tjanstepension AB lifted its position in shares of Home Depot by 10.8% in the 3rd quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock valued at $69,340,000 after acquiring an additional 16,650 shares in the last quarter. SYM FINANCIAL Corp increased its stake in Home Depot by 17.8% in the 3rd quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock valued at $777,000 after buying an additional 289 shares during the period. Wealth Group Ltd. acquired a new position in Home Depot in the 3rd quarter valued at approximately $217,000. Swedbank AB increased its stake in Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after buying an additional 132,967 shares during the period. Finally, Trilogy Capital Inc. increased its stake in Home Depot by 1.5% in the 3rd quarter. Trilogy Capital Inc. now owns 2,910 shares of the home improvement retailer’s stock valued at $1,179,000 after buying an additional 43 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of Home Depot stock opened at $402.76 on Wednesday. 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 firm has a fifty day moving average price of $403.70 and a two-hundred day moving average price of $397.03. The company has a market cap of $400.08 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05.

Analyst Ratings Changes

Several research firms have weighed in on HD. Sanford C. Bernstein began coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price objective on the stock. TD Cowen upped their price objective on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Evercore ISI upped their price objective on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $360.00 to $455.00 in a research note on Friday, November 8th. Finally, Royal Bank of Canada increased their price target on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $433.44.

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.