GAM Holding AG Acquires 4,352 Shares of The Home Depot, Inc. (NYSE:HD)

GAM Holding AG raised its holdings in The Home Depot, Inc. (NYSE:HD) by 46.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,644 shares of the home improvement retailer’s stock after purchasing an additional 4,352 shares during the quarter. GAM Holding AG’s holdings in Home Depot were worth $5,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Venturi Wealth Management LLC grew its position in shares of Home Depot by 8.0% during the 4th quarter. Venturi Wealth Management LLC now owns 43,857 shares of the home improvement retailer’s stock valued at $17,060,000 after acquiring an additional 3,233 shares during the period. D.A. Davidson & CO. lifted its stake in Home Depot by 1.3% in the fourth quarter. D.A. Davidson & CO. now owns 75,037 shares of the home improvement retailer’s stock valued at $29,189,000 after purchasing an additional 968 shares during the last quarter. Citizens & Northern Corp grew its holdings in Home Depot by 2.4% during the fourth quarter. Citizens & Northern Corp now owns 6,765 shares of the home improvement retailer’s stock valued at $2,632,000 after purchasing an additional 161 shares during the period. Blue Chip Partners LLC increased its position in Home Depot by 0.4% in the fourth quarter. Blue Chip Partners LLC now owns 75,291 shares of the home improvement retailer’s stock worth $29,287,000 after buying an additional 318 shares during the last quarter. Finally, Highview Capital Management LLC DE raised its stake in shares of Home Depot by 7.1% in the fourth quarter. Highview Capital Management LLC DE now owns 2,535 shares of the home improvement retailer’s stock valued at $986,000 after buying an additional 169 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Stock Down 0.7 %

Shares of NYSE:HD opened at $409.47 on Tuesday. The firm has a market capitalization of $406.75 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 4.22 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 Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37. The firm has a fifty day moving average of $404.49 and a 200 day moving average of $396.34.

Insiders Place Their Bets

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HD. DA Davidson increased their price target on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Bank of America increased their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Truist Financial boosted their price target on shares of Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Barclays lifted their price objective on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, TD Cowen increased their target price on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.