The Home Depot, Inc. (NYSE:HD) Stake Cut by Burke & Herbert Bank & Trust Co.

Burke & Herbert Bank & Trust Co. decreased its stake in The Home Depot, Inc. (NYSE:HD) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,214 shares of the home improvement retailer’s stock after selling 93 shares during the quarter. Home Depot makes up about 1.2% of Burke & Herbert Bank & Trust Co.’s holdings, making the stock its 18th biggest position. Burke & Herbert Bank & Trust Co.’s holdings in Home Depot were worth $5,140,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. International Assets Investment Management LLC lifted its position in shares of Home Depot by 51,250.1% in the third 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 buying an additional 8,762,735 shares during the last quarter. 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 raised its position in shares of 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 purchasing an additional 795,438 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Home Depot by 295.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 693,318 shares of the home improvement retailer’s stock worth $280,932,000 after buying an additional 518,054 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its holdings in shares of Home Depot by 37,025.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 480,780 shares of the home improvement retailer’s stock worth $187,019,000 after buying an additional 479,485 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Activity

In related news, EVP Ann Marie Campbell sold 100 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

Shares of HD opened at $409.47 on Tuesday. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The business has a fifty day moving average of $404.49 and a 200 day moving average of $396.34. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The firm has a market capitalization of $406.75 billion, a P/E ratio of 27.82, a PEG ratio of 4.22 and a beta of 1.05.

Wall Street Analysts Forecast Growth

HD has been the topic of several recent analyst reports. TD Cowen lifted their price target on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Stifel Nicolaus raised their price target on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Mizuho increased their target price on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Evercore ISI lifted their target price on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, Morgan Stanley upped their price target on Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $433.44.

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.