The Home Depot, Inc. (NYSE:HD) Position Increased by Kennebec Savings Bank

Kennebec Savings Bank raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 2,954 shares of the home improvement retailer’s stock after purchasing an additional 78 shares during the quarter. Home Depot accounts for about 1.1% of Kennebec Savings Bank’s portfolio, making the stock its 25th largest holding. Kennebec Savings Bank’s holdings in Home Depot were worth $1,083,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Wingate Wealth Advisors Inc. purchased a new stake in shares of Home Depot in the 4th quarter valued at approximately $28,000. Navigoe LLC purchased a new stake in shares of Home Depot in the 4th quarter valued at approximately $29,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Home Depot in the 4th quarter valued at approximately $32,000. Quarry LP lifted its position in shares of Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock valued at $37,000 after acquiring an additional 66 shares in the last quarter. Finally, Sellwood Investment Partners LLC purchased a new stake in shares of Home Depot in the 4th quarter valued at approximately $39,000. 70.86% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Fahim Siddiqui sold 2,600 shares of the firm’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the transaction, the executive vice president now directly owns 7,951 shares in the company, valued at approximately $2,919,130.14. This trade represents a 24.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm’s stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the transaction, the executive vice president now owns 17,367 shares in the company, valued at $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Home Depot Stock Down 0.5%

Home Depot stock opened at $367.45 on Friday. The company has a market capitalization of $365.59 billion, a P/E ratio of 24.96, a P/E/G ratio of 4.03 and a beta of 1.02. The firm’s fifty day simple moving average is $361.63 and its 200-day simple moving average is $384.62. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). The business had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.63 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a dividend of $2.30 per share. The ex-dividend date is Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.50%. Home Depot’s dividend payout ratio is currently 62.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Home Depot from $410.00 to $418.00 and gave the company an “overweight” rating in a research report on Wednesday, May 21st. Evercore ISI set a $400.00 price target on shares of Home Depot and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Jefferies Financial Group reduced their price target on shares of Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Mizuho reduced their price target on shares of Home Depot from $450.00 to $435.00 and set an “outperform” rating for the company in a research report on Wednesday, May 21st. Finally, TD Securities downgraded shares of Home Depot to a “buy” rating in a research report on Monday, June 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $426.77.

Home Depot Company Profile

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.