Beaton Management Co. Inc. Sells 149 Shares of The Home Depot, Inc. (NYSE:HD)

Beaton Management Co. Inc. lessened its position in The Home Depot, Inc. (NYSE:HD) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,526 shares of the home improvement retailer’s stock after selling 149 shares during the period. Home Depot accounts for about 1.9% of Beaton Management Co. Inc.’s portfolio, making the stock its 15th biggest holding. Beaton Management Co. Inc.’s holdings in Home Depot were worth $3,705,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Synergy Asset Management LLC acquired a new position in Home Depot in the fourth quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. bought a new stake in Home Depot in the 4th quarter valued at about $28,000. Legacy Investment Solutions LLC acquired a new position in Home Depot during the 3rd quarter worth approximately $41,000. Sugar Maple Asset Management LLC bought a new position in Home Depot in the fourth quarter worth approximately $41,000. Finally, Livelsberger Financial Advisory acquired a new stake in Home Depot in the third quarter valued at approximately $46,000. Institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HD. Wells Fargo & Company upped their target price on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Sanford C. Bernstein initiated coverage on shares of 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. Evercore ISI boosted their target price on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Stifel Nicolaus raised their price target on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada boosted their price objective on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $433.44.

Home Depot Stock Performance

NYSE:HD opened at $402.76 on Wednesday. The company has a market capitalization of $400.08 billion, a P/E ratio of 27.36, a P/E/G ratio of 4.22 and a beta of 1.05. The business has a fifty day simple moving average of $403.70 and a two-hundred day simple moving average of $397.03. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year 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.