Ramsay Stattman Vela & Price Inc. Purchases 153 Shares of The Home Depot, Inc. (NYSE:HD)

Ramsay Stattman Vela & Price Inc. grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.4% in the 4th quarter, HoldingsChannel reports. The fund owned 34,529 shares of the home improvement retailer’s stock after buying an additional 153 shares during the period. Home Depot makes up about 2.5% of Ramsay Stattman Vela & Price Inc.’s holdings, making the stock its 12th biggest holding. Ramsay Stattman Vela & Price Inc.’s holdings in Home Depot were worth $13,431,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. AMF Tjanstepension AB boosted its position 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 valued at $69,340,000 after buying an additional 16,650 shares during the last quarter. SYM FINANCIAL Corp boosted its position in shares of Home Depot by 17.8% during the third quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock valued at $777,000 after buying an additional 289 shares during the last quarter. Wealth Group Ltd. purchased a new position in shares of Home Depot during the third quarter valued at approximately $217,000. Swedbank AB boosted its position in shares of Home Depot by 17.1% during the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after buying an additional 132,967 shares during the last quarter. Finally, Trilogy Capital Inc. boosted its position in shares of Home Depot by 1.5% during the third quarter. Trilogy Capital Inc. now owns 2,910 shares of the home improvement retailer’s stock valued at $1,179,000 after buying an additional 43 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the topic of several research analyst reports. Sanford C. Bernstein initiated coverage on Home Depot in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price objective on the stock. Bank of America boosted their price objective on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Barclays boosted their price objective on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Wells Fargo & Company boosted their price objective on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Finally, Telsey Advisory Group raised Home Depot from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $360.00 to $455.00 in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $433.44.

Home Depot Price Performance

Shares of NYSE HD opened at $402.76 on Wednesday. The firm has a market capitalization of $400.08 billion, a P/E ratio of 27.36, a P/E/G ratio of 4.22 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The stock’s 50-day simple moving average is $403.70 and its two-hundred day simple moving average is $397.03. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37.

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.