Partners Wealth Management LLC Purchases Shares of 841 The Home Depot, Inc. (NYSE:HD)

Partners Wealth Management LLC purchased a new position in shares of The Home Depot, Inc. (NYSE:HD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 841 shares of the home improvement retailer’s stock, valued at approximately $327,000.

A number of other large investors also recently modified their holdings of the company. World Equity Group Inc. grew its holdings in shares of Home Depot by 0.8% during the 4th quarter. World Equity Group Inc. now owns 4,194 shares of the home improvement retailer’s stock worth $1,631,000 after purchasing an additional 34 shares during the period. Delta Financial Group Inc. acquired a new position in Home Depot during the fourth quarter valued at approximately $1,158,000. Summit Asset Management LLC lifted its position in Home Depot by 1.7% during the fourth quarter. Summit Asset Management LLC now owns 5,871 shares of the home improvement retailer’s stock valued at $2,284,000 after buying an additional 100 shares in the last quarter. Delap Wealth Advisory LLC grew its stake in Home Depot by 32.1% during the fourth quarter. Delap Wealth Advisory LLC now owns 802 shares of the home improvement retailer’s stock worth $312,000 after buying an additional 195 shares during the period. Finally, Cabot Wealth Management Inc. increased its position in shares of Home Depot by 1.8% in the fourth quarter. Cabot Wealth Management Inc. now owns 34,509 shares of the home improvement retailer’s stock worth $13,424,000 after acquiring an additional 626 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Price Performance

Shares of NYSE:HD opened at $384.82 on Monday. The company has a market cap of $382.26 billion, a PE ratio of 26.14, a P/E/G ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The firm has a 50-day simple moving average of $402.13 and a 200 day simple moving average of $397.93. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barclays upped their price target on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. upped their target price on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Stifel Nicolaus raised their target price on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Telsey Advisory Group restated an “outperform” rating and issued a $455.00 price target on shares of Home Depot in a report on Thursday. Finally, Bank of America lifted their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.