The Home Depot, Inc. (NYSE:HD) Position Lessened by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board decreased its stake in The Home Depot, Inc. (NYSE:HD) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,292 shares of the home improvement retailer’s stock after selling 1,200 shares during the period. Home Depot accounts for 0.6% of New Mexico Educational Retirement Board’s portfolio, making the stock its 20th largest position. New Mexico Educational Retirement Board’s holdings in Home Depot were worth $18,396,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Quadrant Private Wealth Management LLC raised its stake in Home Depot by 0.9% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 4,603 shares of the home improvement retailer’s stock valued at $1,791,000 after acquiring an additional 43 shares in the last quarter. Bank Pictet & Cie Europe AG raised its stake in Home Depot by 4.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer’s stock valued at $4,747,000 after acquiring an additional 565 shares in the last quarter. Campbell Wealth Management raised its stake in Home Depot by 112.5% during the 4th quarter. Campbell Wealth Management now owns 2,051 shares of the home improvement retailer’s stock valued at $798,000 after acquiring an additional 1,086 shares in the last quarter. Asset Planning Inc bought a new stake in Home Depot during the 4th quarter valued at $686,000. Finally, Pictet North America Advisors SA raised its stake in Home Depot by 1.8% during the 4th quarter. Pictet North America Advisors SA now owns 13,666 shares of the home improvement retailer’s stock valued at $5,316,000 after acquiring an additional 244 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Insider Activity

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the business’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 transaction, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HD. Telsey Advisory Group raised Home Depot from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $360.00 to $455.00 in a research note on Friday, November 8th. Sanford C. Bernstein began coverage on Home Depot in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 target price on the stock. Bank of America lifted their target price on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Wells Fargo & Company boosted their price objective on Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Morgan Stanley boosted their price objective on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $433.44.

Home Depot Stock Performance

Shares of HD stock opened at $409.47 on Friday. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37. 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 company has a market capitalization of $406.75 billion, a price-to-earnings ratio of 27.82, a P/E/G ratio of 4.22 and a beta of 1.05. The stock’s fifty day simple moving average is $404.49 and its 200-day simple moving average is $395.91.

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.