The Home Depot, Inc. (NYSE:HD) is Provident Trust Co.'s 7th Largest Position

Provident Trust Co. grew its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 45.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 913,663 shares of the home improvement retailer's stock after purchasing an additional 284,000 shares during the period. Home Depot comprises about 6.2% of Provident Trust Co.'s holdings, making the stock its 7th largest holding. Provident Trust Co. owned approximately 0.09% of Home Depot worth $355,406,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HD. Synergy Asset Management LLC purchased a new position in shares of Home Depot in the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Home Depot in the fourth quarter worth about $28,000. Legacy Investment Solutions LLC purchased a new position in shares of Home Depot in the third quarter worth about $41,000. Sugar Maple Asset Management LLC purchased a new position in shares of Home Depot in the fourth quarter worth about $41,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Home Depot in the third quarter worth about $46,000. Institutional investors own 70.86% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HD shares. DA Davidson boosted their price target on Home Depot from $430.00 to $466.00 and gave the company a "buy" rating in a report on Friday, October 25th. Truist Financial boosted their price target on Home Depot from $465.00 to $467.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Mizuho boosted their price target on Home Depot from $435.00 to $440.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Evercore ISI boosted their price target on Home Depot from $420.00 to $430.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Finally, Wells Fargo & Company upped their target price on Home Depot from $440.00 to $450.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $433.44.

Home Depot Stock Down 2.5 %

HD stock traded down $9.82 during midday trading on Friday, hitting $384.82. The company's stock had a trading volume of 5,284,208 shares, compared to its average volume of 3,076,670. The firm's 50-day moving average is $402.13 and its 200-day moving average is $397.24. The company has a market cap of $382.26 billion, a PE ratio of 26.14, a P/E/G ratio of 4.04 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 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.