Fjarde AP Fonden Fourth Swedish National Pension Fund Has $92.23 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in The Home Depot, Inc. (NYSE:HD) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,109 shares of the home improvement retailer’s stock after selling 5,200 shares during the quarter. Home Depot makes up approximately 0.9% of Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings, making the stock its 18th largest holding. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Home Depot were worth $92,233,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Synergy Asset Management LLC acquired a new position in Home Depot during the 4th quarter worth $26,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Home Depot in the 4th quarter valued at $28,000. Legacy Investment Solutions LLC acquired a new position in shares of Home Depot in the 3rd quarter valued at $41,000. Sugar Maple Asset Management LLC acquired a new position in shares of Home Depot in the 4th quarter valued at $41,000. Finally, Marshall Investment Management LLC acquired a new position in shares of Home Depot in the 4th quarter valued at $41,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Down 2.5 %

Shares of HD stock opened at $384.82 on Friday. The firm has a 50 day moving average price of $402.13 and a two-hundred day moving average price of $397.54. 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 company has a market capitalization of $382.26 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Mizuho upped their price objective on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a research report on Thursday. Bank of America upped their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Royal Bank of Canada upped their price objective on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. Finally, TD Cowen upped their price objective on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. One 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’s stock. Based on data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average target price 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.