Blue Chip Partners LLC Increases Stake in The Home Depot, Inc. (NYSE:HD)

Blue Chip Partners LLC raised its holdings in The Home Depot, Inc. (NYSE:HD) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 75,291 shares of the home improvement retailer’s stock after buying an additional 318 shares during the quarter. Home Depot comprises 2.5% of Blue Chip Partners LLC’s investment portfolio, making the stock its 11th largest position. Blue Chip Partners LLC’s holdings in Home Depot were worth $29,287,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Synergy Asset Management LLC purchased a new stake in Home Depot during the fourth quarter valued at $26,000. Wingate Wealth Advisors Inc. purchased a new position in Home Depot during the fourth quarter valued at approximately $28,000. Legacy Investment Solutions LLC bought a new position in shares of Home Depot in the third quarter worth approximately $41,000. Sugar Maple Asset Management LLC bought a new stake in shares of Home Depot during the 4th quarter valued at $41,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Home Depot during the 3rd quarter valued at $46,000. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Bank of America upped their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Mizuho boosted their target price on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Sanford C. Bernstein started coverage on Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price objective on the stock. Finally, TD Cowen raised their target price on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $433.44.

Insider Buying and Selling

In other news, EVP Ann Marie Campbell sold 100 shares of the business’s 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 transaction, the executive vice president now owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Shares of HD opened at $409.47 on Tuesday. The company has a market capitalization of $406.75 billion, a P/E ratio of 27.82, a P/E/G ratio of 4.22 and a beta of 1.05. The business’s 50-day moving average is $404.49 and its two-hundred day moving average is $396.34. 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 Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37.

About Home Depot

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.