Klingman & Associates LLC Sells 503 Shares of The Home Depot, Inc. (NYSE:HD)

Klingman & Associates LLC trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 6.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 7,749 shares of the home improvement retailer’s stock after selling 503 shares during the quarter. Klingman & Associates LLC’s holdings in Home Depot were worth $3,014,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HD. AMF Tjanstepension AB lifted its holdings in shares of Home Depot by 10.8% during the 3rd quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock worth $69,340,000 after acquiring an additional 16,650 shares during the period. SYM FINANCIAL Corp lifted its holdings in shares of Home Depot by 17.8% during the 3rd quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock worth $777,000 after acquiring an additional 289 shares during the period. Wealth Group Ltd. bought a new position in shares of Home Depot during the 3rd quarter worth about $217,000. Swedbank AB lifted its holdings in shares of Home Depot by 17.1% during the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after acquiring an additional 132,967 shares during the period. Finally, Trilogy Capital Inc. lifted its holdings in shares of Home Depot by 1.5% during the 3rd quarter. Trilogy Capital Inc. now owns 2,910 shares of the home improvement retailer’s stock worth $1,179,000 after acquiring an additional 43 shares during the period. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Down 1.6 %

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

Analysts Set New Price Targets

HD has been the subject of a number of analyst reports. Barclays raised their price objective on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Bank of America lifted their price target 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. Truist Financial lifted their price target on shares of Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Evercore ISI lifted their price target on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Sanford C. Bernstein assumed coverage on shares of Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently 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.