Mattern Capital Management LLC Sells 372 Shares of The Home Depot, Inc. (NYSE:HD)

Mattern Capital Management LLC trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 1.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,405 shares of the home improvement retailer’s stock after selling 372 shares during the quarter. Home Depot accounts for 1.3% of Mattern Capital Management LLC’s holdings, making the stock its 16th biggest position. Mattern Capital Management LLC’s holdings in Home Depot were worth $10,271,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. POM Investment Strategies LLC boosted its position in Home Depot by 1.1% in the fourth quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer’s stock worth $824,000 after purchasing an additional 24 shares during the last quarter. Center for Financial Planning Inc. boosted its position in Home Depot by 0.5% in the fourth quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer’s stock worth $1,810,000 after purchasing an additional 24 shares during the last quarter. Insight Inv LLC boosted its position in Home Depot by 2.0% in the third quarter. Insight Inv LLC now owns 1,246 shares of the home improvement retailer’s stock worth $505,000 after purchasing an additional 25 shares during the last quarter. Marino Stram & Associates LLC boosted its position in Home Depot by 2.3% in the fourth quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer’s stock worth $431,000 after purchasing an additional 25 shares during the last quarter. Finally, Live Oak Private Wealth LLC boosted its position in Home Depot by 0.5% in the fourth quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer’s stock worth $1,912,000 after purchasing an additional 25 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on HD shares. JPMorgan Chase & Co. boosted their price objective on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Bank of America upped their price target on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Royal Bank of Canada upped 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. Truist Financial upped 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. Finally, Evercore ISI upped their price target on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $433.44.

Home Depot Price Performance

Shares of NYSE HD opened at $394.63 on Friday. The firm has a market capitalization 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 company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The stock’s 50-day simple moving average is $402.77 and its two-hundred day simple moving average is $397.00. The Home Depot, Inc. has a twelve month low of $323.77 and a twelve month high of $439.37.

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.