Bank of New York Mellon Corp Sells 227,459 Shares of The Home Depot, Inc. (NYSE:HD)

Bank of New York Mellon Corp lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,302,820 shares of the home improvement retailer’s stock after selling 227,459 shares during the quarter. Home Depot makes up about 0.6% of Bank of New York Mellon Corp’s investment portfolio, making the stock its 23rd largest position. Bank of New York Mellon Corp owned approximately 0.84% of Home Depot worth $3,229,714,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in HD. Geode Capital Management LLC raised its holdings in Home Depot by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 21,700,427 shares of the home improvement retailer’s stock worth $8,767,449,000 after purchasing an additional 433,126 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of 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 worth $3,819,679,000 after buying an additional 205,954 shares during the period. FMR LLC raised its stake in shares of Home Depot by 10.1% during the third quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer’s stock worth $3,516,827,000 after buying an additional 795,438 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Home Depot by 5.4% in the third 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 valued at $3,253,952,000 after buying an additional 409,890 shares during the period. Finally, Swiss National Bank lifted its holdings in Home Depot by 0.3% in the third quarter. Swiss National Bank now owns 2,943,400 shares of the home improvement retailer’s stock valued at $1,192,666,000 after buying an additional 9,200 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Mizuho upped their target price on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Bank of America upped their price objective on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. TD Cowen raised their target price on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Telsey Advisory Group restated an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $433.44.

Home Depot Stock Performance

Shares of NYSE HD opened at $381.12 on Tuesday. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The stock has a 50 day moving average price of $401.53 and a 200 day moving average price of $398.16. The stock has a market capitalization of $378.59 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37.

Home Depot 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.