Partners Wealth Management LLC Makes New $327,000 Investment in The Home Depot, Inc. (NYSE:HD)

Partners Wealth Management LLC bought a new stake in The Home Depot, Inc. (NYSE:HD) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 841 shares of the home improvement retailer’s stock, valued at approximately $327,000.

Other hedge funds have also made changes to their positions in the company. World Equity Group Inc. raised its stake in Home Depot by 0.8% during the 4th quarter. World Equity Group Inc. now owns 4,194 shares of the home improvement retailer’s stock valued at $1,631,000 after acquiring an additional 34 shares during the last quarter. Delta Financial Group Inc. purchased a new position in shares of Home Depot in the 4th quarter valued at approximately $1,158,000. Summit Asset Management LLC increased its holdings in shares of Home Depot by 1.7% in the fourth quarter. Summit Asset Management LLC now owns 5,871 shares of the home improvement retailer’s stock valued at $2,284,000 after purchasing an additional 100 shares during the period. Delap Wealth Advisory LLC raised its stake in shares of Home Depot by 32.1% during the fourth quarter. Delap Wealth Advisory LLC now owns 802 shares of the home improvement retailer’s stock worth $312,000 after purchasing an additional 195 shares during the last quarter. Finally, Cabot Wealth Management Inc. lifted its holdings in shares of Home Depot by 1.8% during the fourth quarter. Cabot Wealth Management Inc. now owns 34,509 shares of the home improvement retailer’s stock worth $13,424,000 after purchasing an additional 626 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Evercore ISI boosted their price target on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. TD Cowen raised their price objective on shares of 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 lifted their price objective on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company increased their target price on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $433.44.

Home Depot Stock Performance

NYSE HD opened at $384.82 on Monday. The business’s 50-day moving average price is $402.13 and its 200 day moving average price is $397.93. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. The company has a market capitalization of $382.26 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05.

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.