Burke & Herbert Bank & Trust Co. Reduces Stake in The Home Depot, Inc. (NYSE:HD)

Burke & Herbert Bank & Trust Co. cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.7% during the fourth quarter, HoldingsChannel reports. The firm owned 13,214 shares of the home improvement retailer’s stock after selling 93 shares during the quarter. Home Depot comprises 1.2% of Burke & Herbert Bank & Trust Co.’s holdings, making the stock its 18th largest position. Burke & Herbert Bank & Trust Co.’s holdings in Home Depot were worth $5,140,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. AMF Tjanstepension AB raised its holdings in shares of Home Depot by 10.8% in the third quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock worth $69,340,000 after buying an additional 16,650 shares during the period. SYM FINANCIAL Corp lifted its position in shares of Home Depot by 17.8% during the third quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock worth $777,000 after purchasing an additional 289 shares during the last quarter. Wealth Group Ltd. purchased a new stake in shares of Home Depot during the third quarter valued at $217,000. Swedbank AB grew its holdings in shares of Home Depot by 17.1% in the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after purchasing an additional 132,967 shares during the last quarter. Finally, Cedrus LLC increased its stake in Home Depot by 1.2% in the 3rd quarter. Cedrus LLC now owns 2,680 shares of the home improvement retailer’s stock worth $1,086,000 after buying an additional 32 shares during the period. 70.86% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Ann Marie Campbell sold 100 shares of Home Depot stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the transaction, the executive vice president now owns 12,465 shares in the company, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

Home Depot Price Performance

Home Depot stock opened at $409.47 on Tuesday. The company has a fifty day simple moving average of $404.49 and a 200-day simple moving average of $396.34. The firm has a market capitalization of $406.75 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 4.22 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 52-week low of $323.77 and a 52-week high of $439.37.

Analyst Ratings Changes

A number of equities analysts have commented on HD shares. Sanford C. Bernstein assumed coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 target price on the stock. Morgan Stanley raised their price objective on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. 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. Mizuho raised their price target on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada increased their target price on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $433.44.

About Home Depot

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.