Bath Savings Trust Co Sells 1,261 Shares of The Home Depot, Inc. (NYSE:HD)

Bath Savings Trust Co lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,273 shares of the home improvement retailer’s stock after selling 1,261 shares during the quarter. Home Depot comprises 1.3% of Bath Savings Trust Co’s investment portfolio, making the stock its 27th largest position. Bath Savings Trust Co’s holdings in Home Depot were worth $12,672,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. XML Financial LLC increased its stake in Home Depot by 1.1% in the fourth quarter. XML Financial LLC now owns 8,634 shares of the home improvement retailer’s stock valued at $2,992,000 after acquiring an additional 95 shares during the last quarter. Unigestion Holding SA boosted its holdings in shares of Home Depot by 215.3% in the 4th quarter. Unigestion Holding SA now owns 58,172 shares of the home improvement retailer’s stock worth $20,157,000 after purchasing an additional 39,724 shares in the last quarter. Keyes Stange & Wooten Wealth Management LLC bought a new position in shares of Home Depot during the 4th quarter valued at about $1,031,000. Bennett Associates Wealth Management purchased a new position in shares of Home Depot during the 4th quarter valued at about $493,000. Finally, Vontobel Asset Management Inc. lifted its position in Home Depot by 7.4% in the 4th quarter. Vontobel Asset Management Inc. now owns 273,192 shares of the home improvement retailer’s stock worth $98,360,000 after buying an additional 18,891 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on HD. Melius Research initiated coverage on shares of Home Depot in a research report on Monday, September 23rd. They set a “buy” rating and a $420.00 price target on the stock. Stifel Nicolaus reduced their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Evercore ISI decreased their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. UBS Group upped their price target on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Royal Bank of Canada reduced their price objective on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $398.54.

Home Depot Price Performance

Shares of NYSE HD opened at $408.23 on Tuesday. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $412.97. The stock has a market capitalization of $404.81 billion, a P/E ratio of 27.38, a P/E/G ratio of 2.71 and a beta of 1.00. The company’s 50-day moving average is $373.28 and its 200 day moving average is $356.04. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The firm had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.65 EPS. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.20%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.36%.

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.