Tredje AP fonden increased its holdings in shares of Home Depot Inc (NYSE:HD) by 13.6% during the second quarter, HoldingsChannel reports. The firm owned 138,983 shares of the home improvement retailer’s stock after buying an additional 16,622 shares during the period. Home Depot comprises 0.9% of Tredje AP fonden’s portfolio, making the stock its 15th biggest holding. Tredje AP fonden’s holdings in Home Depot were worth $27,116,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Fiera Capital Corp lifted its holdings in Home Depot by 83.7% in the second quarter. Fiera Capital Corp now owns 6,860 shares of the home improvement retailer’s stock valued at $1,338,000 after acquiring an additional 3,125 shares during the period. Amalgamated Bank lifted its holdings in Home Depot by 4.2% in the second quarter. Amalgamated Bank now owns 180,040 shares of the home improvement retailer’s stock valued at $35,126,000 after acquiring an additional 7,323 shares during the period. Dupont Capital Management Corp lifted its holdings in Home Depot by 3.3% in the second quarter. Dupont Capital Management Corp now owns 190,998 shares of the home improvement retailer’s stock valued at $37,264,000 after acquiring an additional 6,025 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Home Depot by 3.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 6,415,134 shares of the home improvement retailer’s stock valued at $1,143,434,000 after acquiring an additional 230,769 shares during the period. Finally, Heritage Investors Management Corp lifted its holdings in Home Depot by 0.3% in the second quarter. Heritage Investors Management Corp now owns 144,425 shares of the home improvement retailer’s stock valued at $28,177,000 after acquiring an additional 395 shares during the period. 69.24% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:HD opened at $172.23 on Monday. The company has a debt-to-equity ratio of 11.60, a current ratio of 1.13 and a quick ratio of 0.37. Home Depot Inc has a 12-month low of $160.53 and a 12-month high of $215.43. The stock has a market cap of $197.05 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 1.35 and a beta of 1.11.
In related news, EVP William G. Lennie sold 10,854 shares of the stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $201.64, for a total transaction of $2,188,600.56. Following the completion of the sale, the executive vice president now owns 40,057 shares in the company, valued at $8,077,093.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Matt Carey sold 4,125 shares of the stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $195.43, for a total value of $806,148.75. Following the sale, the executive vice president now owns 60,179 shares of the company’s stock, valued at approximately $11,760,781.97. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.
HD has been the topic of a number of recent research reports. Zacks Investment Research downgraded Home Depot from a “buy” rating to a “sell” rating in a report on Tuesday, October 16th. Citigroup increased their target price on Home Depot from $205.00 to $220.00 and gave the company a “positive” rating in a report on Friday, August 10th. Wells Fargo & Co reissued a “buy” rating and issued a $230.00 target price on shares of Home Depot in a report on Sunday, September 16th. ValuEngine cut Home Depot from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $204.00 price target (down previously from $222.00) on shares of Home Depot in a research report on Wednesday, October 17th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Home Depot has an average rating of “Buy” and an average target price of $205.28.
About Home Depot
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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