Paradigm Asset Management Co. LLC Cuts Holdings in The Home Depot, Inc. (NYSE:HD)

Paradigm Asset Management Co. LLC reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 19.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,290 shares of the home improvement retailer’s stock after selling 1,300 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Home Depot were worth $2,058,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. International Assets Investment Management LLC lifted its holdings in Home Depot by 51,250.1% in the third quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock valued at $35,575,880,000 after acquiring an additional 8,762,735 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Home Depot in the 3rd quarter valued at about $336,231,000. FMR LLC increased its holdings in shares of Home Depot by 10.1% in the 3rd quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer’s stock valued at $3,516,827,000 after purchasing an additional 795,438 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Home Depot by 295.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 693,318 shares of the home improvement retailer’s stock valued at $280,932,000 after purchasing an additional 518,054 shares during the period. Finally, Strategic Financial Concepts LLC boosted its holdings in Home Depot by 37,025.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 480,780 shares of the home improvement retailer’s stock worth $187,019,000 after buying an additional 479,485 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Price Performance

Shares of NYSE:HD opened at $384.82 on Friday. The company has a market cap of $382.26 billion, a P/E ratio of 26.14, a P/E/G ratio of 4.04 and a beta of 1.05. The business has a fifty day simple moving average of $402.13 and a 200-day simple moving average of $397.24. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HD shares. Barclays increased their target price on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Bank of America raised their price objective on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Wells Fargo & Company boosted their target price on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Truist Financial raised their price target on Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, DA Davidson lifted their price target on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.