The Home Depot, Inc. (NYSE:HD) Stake Cut by Hartford Investment Management Co.

Hartford Investment Management Co. cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,372 shares of the home improvement retailer’s stock after selling 992 shares during the quarter. Home Depot accounts for about 0.8% of Hartford Investment Management Co.’s investment portfolio, making the stock its 20th largest holding. Hartford Investment Management Co.’s holdings in Home Depot were worth $23,873,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Certuity LLC lifted its position in Home Depot by 20.7% in the 4th quarter. Certuity LLC now owns 3,361 shares of the home improvement retailer’s stock worth $1,307,000 after buying an additional 576 shares in the last quarter. Community Financial Services Group LLC increased its stake in shares of Home Depot by 2.4% in the fourth quarter. Community Financial Services Group LLC now owns 8,339 shares of the home improvement retailer’s stock worth $3,244,000 after acquiring an additional 197 shares during the last quarter. Wealth Advisors Northwest LLC purchased a new stake in shares of Home Depot during the fourth quarter worth $224,000. Signet Investment Advisory Group Inc. boosted its position in Home Depot by 1.1% during the fourth quarter. Signet Investment Advisory Group Inc. now owns 8,369 shares of the home improvement retailer’s stock valued at $3,255,000 after purchasing an additional 92 shares during the last quarter. Finally, David Wealth Management LLC purchased a new position in Home Depot in the fourth quarter valued at about $261,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. DA Davidson raised their price target on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Barclays raised their price objective on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Wells Fargo & Company boosted their target price on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada raised their price target on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a report on Monday, November 11th. Finally, Bank of America lifted their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $428.85.

Home Depot Stock Performance

NYSE HD opened at $407.20 on Thursday. The company’s fifty day moving average is $405.62 and its two-hundred day moving average is $395.38. The firm has a market capitalization of $404.50 billion, a price-to-earnings ratio of 27.66, a P/E/G ratio of 4.22 and a beta of 1.05. 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 Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.14. The firm had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. During the same period in the previous year, the company posted $3.81 earnings per share. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. Equities research analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current year.

Insider Transactions at Home Depot

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. This represents a 17.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the sale, the executive vice president now owns 12,465 shares in the company, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

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.