The Home Depot, Inc. (NYSE:HD) Shares Purchased by Zullo Investment Group Inc.

Zullo Investment Group Inc. lifted its position in The Home Depot, Inc. (NYSE:HD) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,553 shares of the home improvement retailer’s stock after acquiring an additional 124 shares during the period. Home Depot accounts for 1.3% of Zullo Investment Group Inc.’s holdings, making the stock its 13th largest position. Zullo Investment Group Inc.’s holdings in Home Depot were worth $3,327,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Pensionfund Sabic boosted its stake in Home Depot by 51.4% during the fourth quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer’s stock worth $4,357,000 after buying an additional 3,800 shares during the last quarter. Swedbank AB boosted its stake in Home Depot by 17.1% during the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after buying an additional 132,967 shares during the last quarter. Wedmont Private Capital boosted its stake in Home Depot by 12.5% during the fourth quarter. Wedmont Private Capital now owns 13,569 shares of the home improvement retailer’s stock worth $5,291,000 after buying an additional 1,506 shares during the last quarter. Johnson & White Wealth Management LLC acquired a new position in Home Depot during the fourth quarter worth $1,793,000. Finally, Cerity Partners LLC boosted its stake in Home Depot by 14.3% during the third quarter. Cerity Partners LLC now owns 673,876 shares of the home improvement retailer’s stock worth $273,055,000 after buying an additional 84,062 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HD has been the topic of a number of recent research reports. Telsey Advisory Group reissued an “outperform” rating and set a $455.00 price objective on shares of Home Depot in a research note on Thursday. DA Davidson lifted their target price on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Evercore ISI lifted their target price on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Royal Bank of Canada lifted their target price 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. Finally, TD Cowen lifted their target price on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $433.44.

Home Depot Trading Down 0.2 %

NYSE:HD opened at $394.63 on Friday. The stock has a 50-day simple moving average of $402.77 and a 200-day simple moving average of $397.00. The stock has a market cap of $392.01 billion, a P/E ratio of 26.81, a P/E/G ratio of 4.12 and a beta of 1.05. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

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.