Northcape Wealth Management LLC Trims Holdings in The Home Depot, Inc. (NYSE:HD)

Northcape Wealth Management LLC trimmed its holdings in The Home Depot, Inc. (NYSE:HD) by 0.5% in the 4th quarter, Holdings Channel reports. The fund owned 7,446 shares of the home improvement retailer’s stock after selling 40 shares during the quarter. Northcape Wealth Management LLC’s holdings in Home Depot were worth $2,896,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of HD. Atlas Legacy Advisors LLC bought a new position in shares of Home Depot during the fourth quarter valued at approximately $1,256,000. Bank of Jackson Hole Trust purchased a new stake in shares of Home Depot in the 4th quarter worth approximately $1,214,000. Callahan Advisors LLC increased its position in Home Depot by 109.8% during the 4th quarter. Callahan Advisors LLC now owns 8,286 shares of the home improvement retailer’s stock valued at $3,223,000 after buying an additional 4,337 shares in the last quarter. Davidson Investment Advisors raised its stake in Home Depot by 2.4% during the fourth quarter. Davidson Investment Advisors now owns 64,369 shares of the home improvement retailer’s stock valued at $25,039,000 after buying an additional 1,538 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in Home Depot by 69.9% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 49,869 shares of the home improvement retailer’s stock worth $19,399,000 after acquiring an additional 20,510 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Performance

NYSE:HD opened at $402.76 on Wednesday. The stock has a 50-day moving average price of $403.70 and a 200 day moving average price of $397.03. The stock has a market capitalization of $400.08 billion, a P/E ratio of 27.36, a P/E/G ratio of 4.22 and a beta of 1.05. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HD. Truist Financial raised their price target on Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. DA Davidson raised their price objective on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company upped their target price on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Royal Bank of Canada raised their price target on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. Finally, Sanford C. Bernstein initiated coverage on Home Depot in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price objective on the stock. One 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.