The Home Depot, Inc. (NYSE:HD) Shares Purchased by Beta Wealth Group Inc.

Beta Wealth Group Inc. increased its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 32.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,268 shares of the home improvement retailer’s stock after purchasing an additional 2,269 shares during the quarter. Home Depot accounts for approximately 1.6% of Beta Wealth Group Inc.’s portfolio, making the stock its 21st biggest position. Beta Wealth Group Inc.’s holdings in Home Depot were worth $3,605,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HD. Pegasus Asset Management Inc. grew its position in shares of Home Depot by 1.8% during the third quarter. Pegasus Asset Management Inc. now owns 4,994 shares of the home improvement retailer’s stock worth $2,024,000 after buying an additional 86 shares in the last quarter. Pensionfund Sabic lifted its stake in Home Depot by 51.4% during the fourth quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer’s stock worth $4,357,000 after purchasing an additional 3,800 shares during the last quarter. Swedbank AB lifted its stake in Home Depot by 17.1% during the third 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 during the last quarter. Wedmont Private Capital lifted its stake in Home Depot by 12.5% in the fourth quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer’s stock valued at $5,291,000 after buying an additional 1,506 shares during the last quarter. Finally, Johnson & White Wealth Management LLC purchased a new stake in Home Depot in the fourth quarter valued at approximately $1,793,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

HD stock opened at $402.76 on Wednesday. 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 Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The firm has a market cap of $400.08 billion, a P/E ratio of 27.36, a price-to-earnings-growth ratio of 4.22 and a beta of 1.05. The stock has a 50-day simple moving average of $403.70 and a 200-day simple moving average of $397.03.

Analysts Set New Price Targets

Several research firms have recently commented on HD. Royal Bank of Canada upped their price target on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. Bank of America upped their price objective on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Evercore ISI upped their target price on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Wells Fargo & Company upped their target price on Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Finally, Mizuho upped their price objective on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, the company 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.