Handelsbanken Fonder AB Raises Holdings in The Home Depot, Inc. (NYSE:HD)

Handelsbanken Fonder AB raised its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 368,236 shares of the home improvement retailer's stock after acquiring an additional 22,720 shares during the period. Home Depot makes up about 0.5% of Handelsbanken Fonder AB's portfolio, making the stock its 29th biggest position. Handelsbanken Fonder AB's holdings in Home Depot were worth $143,240,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in Home Depot by 2.0% in the third quarter. Geode Capital Management LLC now owns 21,700,427 shares of the home improvement retailer's stock valued at $8,767,449,000 after purchasing an additional 433,126 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Home Depot by 2.2% in the third quarter. Fisher Asset Management LLC now owns 9,426,649 shares of the home improvement retailer's stock worth $3,819,679,000 after buying an additional 205,954 shares during the last quarter. International Assets Investment Management LLC boosted its position in Home Depot by 51,250.1% in the 3rd 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 purchasing an additional 8,762,735 shares in the last quarter. FMR LLC grew its stake in shares of Home Depot by 10.1% during the 3rd quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer's stock worth $3,516,827,000 after purchasing an additional 795,438 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Home Depot by 5.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,030,483 shares of the home improvement retailer's stock valued at $3,253,952,000 after purchasing an additional 409,890 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HD shares. Evercore ISI increased their price target 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. Stifel Nicolaus increased their target price on shares of Home Depot from $375.00 to $400.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. Bank of America upped their price target on Home Depot from $425.00 to $450.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a report on Thursday. Finally, Wells Fargo & Company boosted their price objective on Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. One 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. According to MarketBeat.com, 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 traded down $10.41 during trading on Friday, hitting $384.23. 3,088,267 shares of the company were exchanged, compared to its average volume of 3,006,875. 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's fifty day moving average price is $402.77 and its 200 day moving average price is $397.00. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a market cap of $381.67 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 4.04 and a beta of 1.05.

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.