Camden National Bank Grows Stock Position in Home Depot Inc (NYSE:HD)

Camden National Bank raised its holdings in Home Depot Inc (NYSE:HD) by 33.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,728 shares of the home improvement retailer’s stock after buying an additional 436 shares during the quarter. Camden National Bank’s holdings in Home Depot were worth $401,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Nuveen Asset Management LLC raised its stake in shares of Home Depot by 3,457.2% in the second quarter. Nuveen Asset Management LLC now owns 9,641,450 shares of the home improvement retailer’s stock worth $2,005,132,000 after purchasing an additional 9,370,409 shares during the last quarter. Morgan Stanley raised its stake in shares of Home Depot by 0.5% in the second quarter. Morgan Stanley now owns 8,327,709 shares of the home improvement retailer’s stock worth $1,731,916,000 after purchasing an additional 44,258 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of Home Depot by 2.2% in the first quarter. Clearbridge Investments LLC now owns 7,199,871 shares of the home improvement retailer’s stock worth $1,381,583,000 after purchasing an additional 158,174 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Home Depot by 0.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 7,156,949 shares of the home improvement retailer’s stock worth $1,488,431,000 after purchasing an additional 25,410 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its stake in shares of Home Depot by 8.7% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 5,952,239 shares of the home improvement retailer’s stock worth $1,632,392,000 after purchasing an additional 478,602 shares during the last quarter. Institutional investors own 69.92% of the company’s stock.

HD traded up $3.05 during trading on Friday, hitting $234.66. The company’s stock had a trading volume of 3,458,630 shares, compared to its average volume of 3,719,388. Home Depot Inc has a twelve month low of $158.09 and a twelve month high of $235.49. The business’s fifty day simple moving average is $227.40 and its 200 day simple moving average is $209.35. The firm has a market capitalization of $248.24 billion, a price-to-earnings ratio of 23.73, a P/E/G ratio of 2.22 and a beta of 1.05.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 EPS for the quarter, beating the consensus estimate of $3.07 by $0.10. Home Depot had a negative return on equity of 1,179.69% and a net margin of 10.18%. The company had revenue of $30.84 billion for the quarter, compared to analyst estimates of $30.98 billion. During the same period last year, the company earned $3.05 earnings per share. Home Depot’s quarterly revenue was up 1.2% compared to the same quarter last year. Equities research analysts forecast that Home Depot Inc will post 10.12 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.32%. The ex-dividend date was Wednesday, September 4th. Home Depot’s payout ratio is currently 55.01%.

Several research analysts have recently issued reports on HD shares. Wedbush restated a “neutral” rating and issued a $230.00 price objective (up from $190.00) on shares of Home Depot in a research note on Wednesday, August 21st. Argus set a $240.00 price target on Home Depot and gave the company a “buy” rating in a research report on Wednesday, August 21st. Telsey Advisory Group lifted their price target on Home Depot from $210.00 to $220.00 and gave the company a “market perform” rating in a research report on Wednesday, September 25th. Raymond James reiterated an “outperform” rating and set a $250.00 price target on shares of Home Depot in a research report on Tuesday. Finally, Guggenheim cut Home Depot from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $226.65.

In other news, EVP William G. Lennie sold 9,200 shares of Home Depot stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $220.05, for a total value of $2,024,460.00. Following the sale, the executive vice president now directly owns 84,123 shares of the company’s stock, valued at $18,511,266.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Carol B. Tome sold 145,400 shares of Home Depot stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $219.04, for a total value of $31,848,416.00. Following the completion of the sale, the chief financial officer now directly owns 496,374 shares in the company, valued at $108,725,760.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 177,508 shares of company stock worth $39,076,428. 0.27% of the stock is owned by corporate insiders.

About Home Depot

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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