State of New Jersey Common Pension Fund D Has $142.26 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

State of New Jersey Common Pension Fund D cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 365,714 shares of the home improvement retailer’s stock after selling 247 shares during the period. Home Depot accounts for about 0.6% of State of New Jersey Common Pension Fund D’s investment portfolio, making the stock its 25th biggest holding. State of New Jersey Common Pension Fund D’s holdings in Home Depot were worth $142,259,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Total Investment Management Inc. grew its position in shares of Home Depot by 8.5% in the 4th quarter. Total Investment Management Inc. now owns 641 shares of the home improvement retailer’s stock valued at $249,000 after acquiring an additional 50 shares during the period. Americana Partners LLC lifted its stake in Home Depot by 36.6% in the 4th quarter. Americana Partners LLC now owns 38,830 shares of the home improvement retailer’s stock valued at $15,104,000 after purchasing an additional 10,409 shares during the last quarter. Capital Performance Advisors LLP grew its holdings in Home Depot by 24.7% during the fourth quarter. Capital Performance Advisors LLP now owns 923 shares of the home improvement retailer’s stock worth $359,000 after purchasing an additional 183 shares during the period. Baillie Gifford & Co. increased its position in Home Depot by 19.6% during the fourth quarter. Baillie Gifford & Co. now owns 138,216 shares of the home improvement retailer’s stock worth $53,765,000 after buying an additional 22,686 shares during the last quarter. Finally, Strategic Advisors LLC raised its stake in Home Depot by 16.0% in the fourth quarter. Strategic Advisors LLC now owns 43,382 shares of the home improvement retailer’s stock valued at $16,875,000 after buying an additional 5,993 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Insider Transactions at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction that occurred on 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 directly 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 document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by insiders.

Home Depot Stock Down 0.7 %

NYSE HD opened at $409.47 on Tuesday. The business has a fifty day moving average price of $404.49 and a two-hundred day moving average price of $396.34. The stock has a market capitalization of $406.75 billion, a PE ratio of 27.82, a PEG ratio of 4.22 and a beta of 1.05. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Wall Street Analyst Weigh In

HD has been the subject of several research analyst reports. Bank of America lifted their target price on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. upped their price objective on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, February 10th. TD Cowen raised their target price on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Morgan Stanley upped their price target on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, DA Davidson raised their price objective on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target 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.