Sterling Financial Planning Inc. Has $353,000 Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Sterling Financial Planning Inc. trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD) by 29.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 907 shares of the home improvement retailer’s stock after selling 383 shares during the quarter. Sterling Financial Planning Inc.’s holdings in Home Depot were worth $353,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC lifted its holdings in shares of Home Depot by 51,250.1% during the 3rd quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock worth $35,575,880,000 after acquiring an additional 8,762,735 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Home Depot during the third quarter valued at approximately $336,231,000. FMR LLC lifted its stake in Home Depot by 10.1% during the third quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer’s stock worth $3,516,827,000 after purchasing an additional 795,438 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Home Depot by 295.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 693,318 shares of the home improvement retailer’s stock valued at $280,932,000 after purchasing an additional 518,054 shares in the last quarter. Finally, Strategic Financial Concepts LLC increased its stake in shares of Home Depot by 37,025.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 480,780 shares of the home improvement retailer’s stock valued at $187,019,000 after purchasing an additional 479,485 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on HD. Barclays upped their price objective on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Telsey Advisory Group raised shares of Home Depot from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $360.00 to $455.00 in a report on Friday, November 8th. TD Cowen lifted their price target on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Wells Fargo & Company increased their price objective on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Finally, Stifel Nicolaus boosted their target price on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. One 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 MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $433.44.

Home Depot Stock Down 2.1 %

Shares of Home Depot stock opened at $394.77 on Thursday. The stock’s 50-day moving average is $403.17 and its 200 day moving average is $397.01. 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 current ratio of 1.13 and a quick ratio of 0.31.

Home Depot 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.