Sentry Investment Management LLC Sells 751 Shares of The Home Depot, Inc. (NYSE:HD)

Sentry Investment Management LLC cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 22.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,665 shares of the home improvement retailer’s stock after selling 751 shares during the period. Sentry Investment Management LLC’s holdings in Home Depot were worth $1,037,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Pensionfund Sabic raised its position in Home Depot by 51.4% in the fourth quarter. Pensionfund Sabic now owns 11,200 shares of the home improvement retailer’s stock valued at $4,357,000 after purchasing an additional 3,800 shares during the last quarter. Swedbank AB raised its holdings in Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after buying an additional 132,967 shares during the last quarter. Wedmont Private Capital boosted its position in Home Depot by 12.5% during the 4th 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 period. Johnson & White Wealth Management LLC bought a new stake in Home Depot during the 4th quarter worth approximately $1,793,000. Finally, Cerity Partners LLC increased its position in Home Depot by 14.3% in the 3rd quarter. Cerity Partners LLC now owns 673,876 shares of the home improvement retailer’s stock valued at $273,055,000 after acquiring an additional 84,062 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HD. Bank of America lifted their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Barclays upped 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. Evercore ISI increased their price target on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Mizuho lifted their price objective on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, TD Cowen increased their target price on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $433.44.

Home Depot Price Performance

Shares of NYSE:HD opened at $381.12 on Tuesday. The stock’s 50 day moving average is $401.53 and its 200-day moving average is $398.16. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37. 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 firm has a market capitalization of $378.59 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 4.03 and a beta of 1.05.

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.