Adell Harriman & Carpenter Inc. Sells 144 Shares of The Home Depot, Inc. (NYSE:HD)

Adell Harriman & Carpenter Inc. lessened its holdings in The Home Depot, Inc. (NYSE:HD) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,965 shares of the home improvement retailer’s stock after selling 144 shares during the quarter. Home Depot accounts for approximately 1.7% of Adell Harriman & Carpenter Inc.’s investment portfolio, making the stock its 18th biggest holding. Adell Harriman & Carpenter Inc.’s holdings in Home Depot were worth $24,104,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Synergy Asset Management LLC acquired a new position in Home Depot during the fourth quarter worth $26,000. Wingate Wealth Advisors Inc. acquired a new position in Home Depot during the fourth quarter worth $28,000. Legacy Investment Solutions LLC acquired a new position in Home Depot during the third quarter worth $41,000. Sugar Maple Asset Management LLC acquired a new position in Home Depot during the fourth quarter worth $41,000. Finally, Livelsberger Financial Advisory acquired a new position in Home Depot during the third quarter worth $46,000. Institutional investors own 70.86% of the company’s stock.

Insider Buying and Selling

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the transaction, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Home Depot Trading Down 0.7 %

HD opened at $409.47 on Friday. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The company has a 50-day simple moving average of $404.49 and a 200 day simple moving average of $395.91. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The stock has a market capitalization of $406.75 billion, a price-to-earnings ratio of 27.82, a P/E/G ratio of 4.22 and a beta of 1.05.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HD. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $360.00 to $455.00 in a report on Friday, November 8th. DA Davidson upped their price objective on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Mizuho upped their price objective on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Bank of America upped their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. 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 company’s stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $433.44.

About Home Depot

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.