ING Groep NV Decreases Stake in The Home Depot, Inc. (NYSE:HD)

ING Groep NV cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 41.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 189,688 shares of the home improvement retailer’s stock after selling 134,069 shares during the period. ING Groep NV’s holdings in Home Depot were worth $73,787,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HD. AMF Tjanstepension AB lifted its position in 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 in the last quarter. SYM FINANCIAL Corp lifted its position in 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 in the last quarter. Wealth Group Ltd. acquired a new position in Home Depot during the 3rd quarter worth approximately $217,000. Swedbank AB raised its position in shares of Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after purchasing an additional 132,967 shares in the last quarter. Finally, Waldron Private Wealth LLC raised its position in shares of Home Depot by 6.1% in the 3rd quarter. Waldron Private Wealth LLC now owns 11,120 shares of the home improvement retailer’s stock valued at $4,506,000 after purchasing an additional 644 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HD. Mizuho upped their target price on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Wells Fargo & Company upped their price target on Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Evercore ISI upped their price target on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Bank of America upped their price target on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Truist Financial upped their price objective on Home Depot from $465.00 to $467.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. One equities research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $433.44.

Home Depot Trading Down 0.2 %

Shares of NYSE HD opened at $394.63 on Friday. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The company has a market cap of $392.01 billion, a price-to-earnings ratio of 26.81, a P/E/G ratio of 4.12 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The business has a fifty day simple moving average of $402.77 and a 200-day simple moving average of $397.00.

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.