RW Investment Management LLC Grows Stock Holdings in The Home Depot, Inc. (NYSE:HD)

RW Investment Management LLC lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,111 shares of the home improvement retailer’s stock after acquiring an additional 39 shares during the quarter. RW Investment Management LLC’s holdings in Home Depot were worth $432,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in shares of Home Depot by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 21,700,427 shares of the home improvement retailer’s stock valued at $8,767,449,000 after purchasing an additional 433,126 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Home Depot by 2.2% during the third quarter. Fisher Asset Management LLC now owns 9,426,649 shares of the home improvement retailer’s stock worth $3,819,679,000 after buying an additional 205,954 shares in the last quarter. International Assets Investment Management LLC grew its position in Home Depot by 51,250.1% during the third quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock valued at $35,575,880,000 after buying an additional 8,762,735 shares during the period. FMR LLC increased its holdings in Home Depot by 10.1% in the third quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer’s stock valued at $3,516,827,000 after buying an additional 795,438 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Home Depot by 5.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,030,483 shares of the home improvement retailer’s stock worth $3,253,952,000 after acquiring an additional 409,890 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of Home Depot stock opened at $394.63 on Friday. 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 business’s 50 day moving average price is $402.77 and its 200 day moving average price is $397.00. The company has a market cap of $392.01 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 4.12 and a beta of 1.05. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on HD shares. Bank of America raised their target price on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Stifel Nicolaus increased their price target on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Truist Financial boosted their price objective on Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. 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 note on Thursday, February 13th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a research note on Thursday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.