Hudson Value Partners LLC Sells 311 Shares of The Home Depot, Inc. (NYSE:HD)

Hudson Value Partners LLC cut its holdings in The Home Depot, Inc. (NYSE:HD) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,326 shares of the home improvement retailer’s stock after selling 311 shares during the period. Home Depot makes up 1.4% of Hudson Value Partners LLC’s investment portfolio, making the stock its 28th biggest holding. Hudson Value Partners LLC’s holdings in Home Depot were worth $3,628,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Lyell Wealth Management LP boosted its holdings in Home Depot by 0.9% in the fourth quarter. Lyell Wealth Management LP now owns 43,747 shares of the home improvement retailer’s stock worth $17,017,000 after purchasing an additional 369 shares in the last quarter. Cannon Financial Strategists Inc. boosted its holdings in Home Depot by 0.8% in the fourth quarter. Cannon Financial Strategists Inc. now owns 3,957 shares of the home improvement retailer’s stock worth $1,539,000 after purchasing an additional 31 shares in the last quarter. Joel Adams & Associates Inc. bought a new stake in Home Depot during the fourth quarter valued at about $286,000. Global Retirement Partners LLC boosted its holdings in Home Depot by 3.1% during the fourth quarter. Global Retirement Partners LLC now owns 35,353 shares of the home improvement retailer’s stock valued at $13,752,000 after acquiring an additional 1,067 shares during the period. Finally, Convergence Investment Partners LLC grew its position in shares of Home Depot by 14.0% in the fourth quarter. Convergence Investment Partners LLC now owns 14,210 shares of the home improvement retailer’s stock valued at $5,527,000 after purchasing an additional 1,746 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

NYSE:HD opened at $394.77 on Thursday. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The firm has a 50 day moving average of $403.17 and a 200-day moving average of $397.01. 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 stock has a market capitalization of $392.15 billion, a P/E ratio of 26.82, a price-to-earnings-growth ratio of 4.18 and a beta of 1.05.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Mizuho raised their price target on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. DA Davidson raised their price target on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Truist Financial raised their price target on Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Barclays raised their price target on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, Royal Bank of Canada raised their price target on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target 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.