Farmers & Merchants Investments Inc. Reduces Position in The Home Depot, Inc. (NYSE:HD)

Farmers & Merchants Investments Inc. cut its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 5.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,284 shares of the home improvement retailer's stock after selling 2,093 shares during the period. Farmers & Merchants Investments Inc.'s holdings in Home Depot were worth $13,336,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HD. Geode Capital Management LLC lifted its holdings in shares of 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 in the last quarter. Fisher Asset Management LLC grew its holdings in Home Depot by 2.2% during the 3rd quarter. Fisher Asset Management LLC now owns 9,426,649 shares of the home improvement retailer's stock valued at $3,819,679,000 after buying an additional 205,954 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Home Depot by 51,250.1% during 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 acquiring an additional 8,762,735 shares during the period. FMR LLC increased its stake in Home Depot by 10.1% in the 3rd quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer's stock worth $3,516,827,000 after acquiring an additional 795,438 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Home Depot by 5.4% in 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 worth $3,253,952,000 after buying an additional 409,890 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

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Wall Street Analysts Forecast Growth

HD has been the topic of several analyst reports. Sanford C. Bernstein began coverage on Home Depot in a report on Tuesday, October 22nd. They issued a "market perform" rating and a $451.00 target price on the stock. Telsey Advisory Group raised shares of Home Depot from a "market perform" rating to an "outperform" rating and raised their target price for the company from $360.00 to $455.00 in a research note on Friday, November 8th. Truist Financial increased their price target on shares of Home Depot from $465.00 to $467.00 and gave the company a "buy" rating in a report on Tuesday. TD Cowen raised their price target on Home Depot from $440.00 to $460.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. boosted their target price on Home Depot from $450.00 to $475.00 and gave the stock an "overweight" rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $429.59.

Insider Buying and Selling

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the sale, the executive vice president now owns 12,465 shares of the company's stock, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now directly owns 77,475 shares in the company, valued at $31,727,562. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Home Depot Price Performance

NYSE:HD traded up $5.50 during trading hours on Thursday, reaching $412.64. 3,064,866 shares of the company were exchanged, compared to its average volume of 2,959,984. The business has a 50 day moving average of $405.21 and a 200 day moving average of $395.46. The company has a market capitalization of $409.90 billion, a P/E ratio of 28.03, a P/E/G ratio of 4.22 and a beta of 1.05. 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 Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating analysts' consensus estimates of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter in the prior year, the firm posted $3.81 EPS. The company's revenue for the quarter was up 6.6% compared to the same quarter last year. Research analysts forecast that The Home Depot, Inc. will post 15.12 EPS for the current year.

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.