Home Depot Inc (HD) Holdings Lifted by Boston Private Wealth LLC
Boston Private Wealth LLC boosted its holdings in shares of Home Depot Inc (NYSE:HD) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 257,508 shares of the home improvement retailer’s stock after buying an additional 3,913 shares during the period. Home Depot makes up about 1.9% of Boston Private Wealth LLC’s portfolio, making the stock its 7th largest position. Boston Private Wealth LLC’s holdings in Home Depot were worth $53,343,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Senator Investment Group LP bought a new stake in shares of Home Depot in the 2nd quarter worth $234,120,000. Morgan Stanley grew its stake in shares of Home Depot by 11.4% in the 2nd quarter. Morgan Stanley now owns 9,687,271 shares of the home improvement retailer’s stock worth $1,889,985,000 after acquiring an additional 991,466 shares in the last quarter. FMR LLC grew its stake in shares of Home Depot by 2.8% in the 3rd quarter. FMR LLC now owns 29,811,794 shares of the home improvement retailer’s stock worth $6,175,512,000 after acquiring an additional 813,882 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Home Depot by 29.3% in the 3rd quarter. Bank of Montreal Can now owns 2,857,124 shares of the home improvement retailer’s stock worth $591,853,000 after acquiring an additional 648,046 shares in the last quarter. Finally, Royal London Asset Management Ltd. bought a new stake in shares of Home Depot in the 2nd quarter worth $97,617,000. Hedge funds and other institutional investors own 69.75% of the company’s stock.
HD opened at $184.54 on Monday. The stock has a market cap of $208.44 billion, a P/E ratio of 24.74, a P/E/G ratio of 1.40 and a beta of 1.10. The company has a debt-to-equity ratio of 17.68, a current ratio of 1.09 and a quick ratio of 0.28. Home Depot Inc has a fifty-two week low of $158.09 and a fifty-two week high of $215.43.
Several research firms have recently issued reports on HD. Zacks Investment Research upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $180.00 target price for the company in a research note on Monday, December 31st. Morgan Stanley reduced their target price on shares of Home Depot from $225.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, October 23rd. Wells Fargo & Co reduced their target price on shares of Home Depot from $230.00 to $220.00 and set an “outperform” rating for the company in a research note on Monday, October 22nd. Bank of America lowered shares of Home Depot from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $219.00 to $195.00 in a research note on Friday, November 16th. Finally, Loop Capital reduced their target price on shares of Home Depot from $200.00 to $180.00 and set a “hold” rating for the company in a research note on Tuesday, November 13th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $204.60.
In other Home Depot news, EVP Teresa Wynn Roseborough sold 7,203 shares of the stock in a transaction dated Friday, December 7th. The shares were sold at an average price of $177.45, for a total transaction of $1,278,172.35. Following the completion of the transaction, the executive vice president now owns 23,109 shares in the company, valued at $4,100,692.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Craig A. Menear sold 117,327 shares of the stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $180.42, for a total transaction of $21,168,137.34. Following the transaction, the chief executive officer now owns 264,970 shares of the company’s stock, valued at approximately $47,805,887.40. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 13,750 shares of company stock valued at $2,401,470 and have sold 137,987 shares valued at $24,769,526. 0.25% of the stock is currently owned by corporate insiders.
Home Depot Company Profile
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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