Private Wealth Partners LLC Acquires 304 Shares of The Home Depot, Inc. (NYSE:HD)

Private Wealth Partners LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,245 shares of the home improvement retailer’s stock after purchasing an additional 304 shares during the quarter. Home Depot comprises about 1.3% of Private Wealth Partners LLC’s investment portfolio, making the stock its 24th largest position. Private Wealth Partners LLC’s holdings in Home Depot were worth $17,211,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Synergy Asset Management LLC acquired a new position in Home Depot during the 4th quarter worth $26,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Home Depot during the fourth quarter worth $28,000. Legacy Investment Solutions LLC acquired a new position in shares of Home Depot during the third quarter valued at $41,000. Sugar Maple Asset Management LLC bought a new position in Home Depot in the fourth quarter valued at about $41,000. Finally, Finley Financial LLC acquired a new stake in Home Depot in the fourth quarter worth about $59,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Down 2.1 %

Shares of HD stock opened at $394.77 on Thursday. The firm’s fifty day moving average price is $403.17 and its two-hundred day moving average price is $397.01. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The firm has a market capitalization of $392.15 billion, a P/E ratio of 26.82, a PEG ratio of 4.18 and a beta of 1.05.

Analyst Ratings Changes

HD has been the topic of several recent research reports. Mizuho raised their target price on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Barclays boosted their target price on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Wells Fargo & Company increased their price target on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Telsey Advisory Group raised shares of Home Depot from a “market perform” rating to an “outperform” rating and upped their target price for the company from $360.00 to $455.00 in a research note on Friday, November 8th. Finally, Bank of America boosted their price target on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.