Handelsbanken Fonder AB Raises Holdings in The Home Depot, Inc. (NYSE:HD)

Handelsbanken Fonder AB increased its position in The Home Depot, Inc. (NYSE:HD) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 368,236 shares of the home improvement retailer’s stock after buying an additional 22,720 shares during the period. Home Depot accounts for about 0.5% of Handelsbanken Fonder AB’s investment portfolio, making the stock its 29th biggest position. Handelsbanken Fonder AB’s holdings in Home Depot were worth $143,240,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Synergy Asset Management LLC bought a new position in Home Depot during the fourth quarter valued at $26,000. Wingate Wealth Advisors Inc. bought a new position in shares of Home Depot in the 4th quarter valued at about $28,000. Legacy Investment Solutions LLC purchased a new position in Home Depot in the third quarter worth about $41,000. Sugar Maple Asset Management LLC purchased a new stake in Home Depot during the fourth quarter valued at approximately $41,000. Finally, Finley Financial LLC purchased a new stake in Home Depot during the fourth quarter valued at approximately $59,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on HD. TD Cowen boosted their target price on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Stifel Nicolaus boosted their price objective 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. Bank of America lifted their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Truist Financial raised their price objective on shares of Home Depot from $465.00 to $467.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, Telsey Advisory Group raised 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $433.44.

Home Depot Stock Performance

HD stock opened at $394.77 on Thursday. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The firm has a market cap of $392.15 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 4.18 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The firm has a 50-day simple moving average of $403.17 and a two-hundred day simple moving average of $397.01.

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.