Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 5,200 Shares of The Home Depot, Inc. (NYSE:HD)

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.1% during the 4th quarter, Holdings Channel reports. The firm owned 237,109 shares of the home improvement retailer’s stock after selling 5,200 shares during the period. Home Depot makes up 0.9% of Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings, making the stock its 18th largest holding. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Home Depot were worth $92,233,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in HD. AMF Tjanstepension AB increased its holdings in shares of Home Depot by 10.8% during the third quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock worth $69,340,000 after purchasing an additional 16,650 shares during the period. SYM FINANCIAL Corp increased its stake in Home Depot by 17.8% in the third quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock valued at $777,000 after acquiring an additional 289 shares during the last quarter. Wealth Group Ltd. bought a new position in Home Depot in the third quarter valued at approximately $217,000. Swedbank AB increased its stake in Home Depot by 17.1% in the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after acquiring an additional 132,967 shares during the last quarter. Finally, Asset Planning Services Inc. LA ADV increased its stake in Home Depot by 1.4% in the third quarter. Asset Planning Services Inc. LA ADV now owns 18,912 shares of the home improvement retailer’s stock valued at $7,664,000 after acquiring an additional 269 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Down 2.5 %

Shares of HD stock opened at $384.82 on Friday. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. 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 company has a 50-day simple moving average of $402.13 and a two-hundred day simple moving average of $397.54. The company has a market capitalization of $382.26 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 4.03 and a beta of 1.05.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wells Fargo & Company lifted 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. Mizuho boosted their target price on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. 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. Truist Financial lifted their price target on shares of Home Depot from $465.00 to $467.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. One 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. According to MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average price target of $433.44.

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.