Home Depot Inc (HD) Stake Increased by Bath Savings Trust Co

Bath Savings Trust Co raised its position in Home Depot Inc (NYSE:HD) by 3.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 19,692 shares of the home improvement retailer’s stock after acquiring an additional 675 shares during the period. Bath Savings Trust Co’s holdings in Home Depot were worth $4,079,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Amussen Hunsaker Associates LLC acquired a new stake in shares of Home Depot in the 2nd quarter worth $107,000. CSat Investment Advisory L.P. acquired a new stake in shares of Home Depot in the 2nd quarter worth $112,000. Mainstay Capital Management LLC ADV lifted its stake in shares of Home Depot by 203.0% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 597 shares of the home improvement retailer’s stock worth $116,000 after acquiring an additional 400 shares during the period. RPg Family Wealth Advisory LLC lifted its stake in shares of Home Depot by 84.6% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 600 shares of the home improvement retailer’s stock worth $117,000 after acquiring an additional 275 shares during the period. Finally, Fort L.P. acquired a new stake in shares of Home Depot in the 2nd quarter worth $120,000. Institutional investors own 69.52% of the company’s stock.

Shares of HD opened at $180.32 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 17.68. The stock has a market cap of $198.41 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 1.38 and a beta of 1.26. Home Depot Inc has a 12-month low of $167.00 and a 12-month high of $215.43.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.24. The company had revenue of $26.30 billion during the quarter, compared to analysts’ expectations of $26.23 billion. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.84 earnings per share. As a group, research analysts anticipate that Home Depot Inc will post 9.79 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 29th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Wednesday, November 28th. Home Depot’s payout ratio is currently 55.23%.

Several analysts have recently commented on the stock. Morgan Stanley reduced their target price on shares of Home Depot from $225.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, October 23rd. Wells Fargo & Co reduced their price objective on shares of Home Depot from $230.00 to $220.00 and set an “outperform” rating for the company in a research note on Monday, October 22nd. Citigroup reiterated a “buy” rating and issued a $227.00 price objective on shares of Home Depot in a research note on Wednesday, August 15th. Bank of America cut shares of Home Depot from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $219.00 to $195.00 in a research note on Friday, November 16th. Finally, Jefferies Financial Group began coverage on shares of Home Depot in a research note on Tuesday, August 21st. They issued a “buy” rating and a $228.00 price objective for the company. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $205.43.

In other Home Depot news, EVP Ann Marie Campbell sold 13,457 shares of Home Depot stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $172.64, for a total transaction of $2,323,216.48. Following the completion of the transaction, the executive vice president now owns 56,198 shares in the company, valued at $9,702,022.72. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Wayne M. Hewett bought 250 shares of the business’s stock in a transaction on Wednesday, November 21st. The shares were acquired at an average price of $169.62 per share, with a total value of $42,405.00. Following the transaction, the director now owns 3,000 shares of the company’s stock, valued at approximately $508,860. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 13,750 shares of company stock valued at $2,401,470. 0.25% of the stock is currently owned by company insiders.

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Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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