Aspen Investment Management Inc Trims Stock Position in The Home Depot, Inc. (NYSE:HD)

Aspen Investment Management Inc decreased its position in The Home Depot, Inc. (NYSE:HD) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,173 shares of the home improvement retailer’s stock after selling 76 shares during the period. Home Depot accounts for about 1.1% of Aspen Investment Management Inc’s investment portfolio, making the stock its 21st biggest position. Aspen Investment Management Inc’s holdings in Home Depot were worth $2,401,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of HD. Pensionfund Sabic lifted its holdings in shares of Home Depot by 51.4% in the 4th quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer’s stock worth $4,357,000 after buying an additional 3,800 shares during the period. Swedbank AB raised its holdings in shares of Home Depot by 17.1% in the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after acquiring an additional 132,967 shares in 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 worth $5,291,000 after acquiring an additional 1,506 shares during the period. Johnson & White Wealth Management LLC bought a new position in Home Depot during the 4th quarter worth about $1,793,000. Finally, Cerity Partners LLC increased its position in Home Depot by 14.3% during the 3rd quarter. Cerity Partners LLC now owns 673,876 shares of the home improvement retailer’s stock valued at $273,055,000 after purchasing an additional 84,062 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD opened at $394.63 on Friday. 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 stock has a 50-day moving average of $402.77 and a two-hundred day moving average of $397.00. The stock has a market cap of $392.01 billion, a P/E ratio of 26.81, a P/E/G ratio of 4.12 and a beta of 1.05. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HD. Royal Bank of Canada upped their price target on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. Telsey Advisory Group restated an “outperform” rating and set a $455.00 target price on shares of Home Depot in a report on Thursday. Stifel Nicolaus increased their target price on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Barclays boosted their price target on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. raised their price objective on Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $433.44.

Home Depot Company 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.