Pinebridge Investments L.P. boosted its stake in shares of Home Depot Inc (NYSE:HD) by 1.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 117,760 shares of the home improvement retailer’s stock after buying an additional 2,212 shares during the quarter. Pinebridge Investments L.P.’s holdings in Home Depot were worth $19,261,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Jacobi Capital Management LLC lifted its position in shares of Home Depot by 16.4% in the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after acquiring an additional 101 shares in the last quarter. Burt Wealth Advisors lifted its position in shares of Home Depot by 83.5% in the third quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock valued at $142,000 after acquiring an additional 396 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Home Depot by 63.4% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock valued at $145,000 after acquiring an additional 340 shares in the last quarter. Glassman Wealth Services lifted its position in shares of Home Depot by 38.3% in the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after acquiring an additional 300 shares in the last quarter. Finally, AllSquare Wealth Management LLC purchased a new position in shares of Home Depot in the third quarter valued at about $178,000. Institutional investors and hedge funds own 70.34% of the company’s stock.
Shares of Home Depot Inc (HD) opened at $186.97 on Friday. The company has a debt-to-equity ratio of 9.54, a quick ratio of 0.39 and a current ratio of 1.23. Home Depot Inc has a 52 week low of $141.00 and a 52 week high of $207.60. The firm has a market capitalization of $218,334.03, a P/E ratio of 25.97, a price-to-earnings-growth ratio of 1.36 and a beta of 1.08.
In other Home Depot news, EVP Matt Carey sold 41,396 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the sale, the executive vice president now directly owns 29,559 shares of the company’s stock, valued at $5,410,183.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.26% of the company’s stock.
Several equities analysts have recently commented on HD shares. Royal Bank of Canada set a $179.00 price objective on Home Depot and gave the company a “buy” rating in a research report on Monday, October 30th. Citigroup boosted their price objective on Home Depot from $179.00 to $188.00 and gave the company a “buy” rating in a research report on Thursday, November 16th. Credit Suisse Group boosted their price objective on Home Depot from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Bank of America boosted their price objective on Home Depot from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Finally, KeyCorp began coverage on Home Depot in a research report on Tuesday, November 7th. They issued a “sector weight” rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $190.32.
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Home Depot Profile
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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