The Home Depot, Inc. (NYSE:HD) Shares Sold by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. trimmed its position in The Home Depot, Inc. (NYSE:HD) by 10.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,655 shares of the home improvement retailer’s stock after selling 1,285 shares during the period. Valley Wealth Managers Inc.’s holdings in Home Depot were worth $4,145,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Kestra Investment Management LLC grew its stake in Home Depot by 3.0% in the fourth quarter. Kestra Investment Management LLC now owns 3,379 shares of the home improvement retailer’s stock worth $1,314,000 after purchasing an additional 97 shares in the last quarter. Beta Wealth Group Inc. grew its stake in Home Depot by 32.4% in the fourth quarter. Beta Wealth Group Inc. now owns 9,268 shares of the home improvement retailer’s stock worth $3,605,000 after purchasing an additional 2,269 shares in the last quarter. Braun Stacey Associates Inc. grew its stake in Home Depot by 2.4% in the fourth quarter. Braun Stacey Associates Inc. now owns 53,490 shares of the home improvement retailer’s stock worth $20,807,000 after purchasing an additional 1,264 shares in the last quarter. Atria Wealth Solutions Inc. lifted its holdings in Home Depot by 5.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 68,407 shares of the home improvement retailer’s stock worth $26,610,000 after acquiring an additional 3,786 shares during the last quarter. Finally, Provident Trust Co. lifted its holdings in Home Depot by 45.1% in the fourth quarter. Provident Trust Co. now owns 913,663 shares of the home improvement retailer’s stock worth $355,406,000 after acquiring an additional 284,000 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Price Performance

NYSE HD opened at $402.76 on Wednesday. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. 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 $400.08 billion, a PE ratio of 27.36, a P/E/G ratio of 4.22 and a beta of 1.05. The company’s 50 day simple moving average is $403.70 and its 200 day simple moving average is $397.03.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HD. Bank of America raised their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Barclays raised their target price on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Royal Bank of Canada raised their target price on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. DA Davidson raised their target price on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Evercore ISI raised their target price on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average target price 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.