Camden Capital LLC Boosts Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Camden Capital LLC raised its holdings in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 4.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,283 shares of the home improvement retailer’s stock after buying an additional 106 shares during the period. Camden Capital LLC’s holdings in Home Depot were worth $684,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HD. Norges Bank purchased a new stake in Home Depot during the fourth quarter valued at about $4,325,629,000. Jennison Associates LLC boosted its holdings in shares of Home Depot by 21.1% during the fourth quarter. Jennison Associates LLC now owns 4,823,391 shares of the home improvement retailer’s stock worth $2,001,755,000 after purchasing an additional 840,033 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Home Depot by 4.3% during the fourth quarter. Geode Capital Management LLC now owns 16,921,581 shares of the home improvement retailer’s stock worth $7,002,662,000 after purchasing an additional 701,811 shares during the period. Deutsche Bank AG boosted its holdings in shares of Home Depot by 12.2% during the fourth quarter. Deutsche Bank AG now owns 5,221,435 shares of the home improvement retailer’s stock worth $2,166,946,000 after purchasing an additional 566,462 shares during the period. Finally, 1832 Asset Management L.P. boosted its holdings in shares of Home Depot by 41.0% during the fourth quarter. 1832 Asset Management L.P. now owns 1,503,876 shares of the home improvement retailer’s stock worth $622,418,000 after purchasing an additional 436,942 shares during the period. 70.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Hector A. Padilla sold 136 shares of the stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $289.23, for a total transaction of $39,335.28. Following the sale, the executive vice president now owns 11,230 shares in the company, valued at $3,248,052.90. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Hector A. Padilla sold 136 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $289.23, for a total value of $39,335.28. Following the sale, the executive vice president now owns 11,230 shares in the company, valued at $3,248,052.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ann Marie Campbell sold 11,293 shares of the firm’s stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $288.03, for a total transaction of $3,252,722.79. Following the completion of the sale, the executive vice president now owns 51,175 shares in the company, valued at approximately $14,739,935.25. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.

Home Depot Stock Performance

Shares of NYSE HD opened at $309.69 on Friday. The Home Depot, Inc. has a fifty-two week low of $264.51 and a fifty-two week high of $420.61. The company has a 50 day simple moving average of $290.90 and a two-hundred day simple moving average of $310.73. The company has a market capitalization of $318.29 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 2.00 and a beta of 0.99.

Home Depot (NYSE:HDGet Rating) last announced its earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share for the quarter, beating analysts’ consensus estimates of $3.67 by $0.42. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.60%. The business had revenue of $38.91 billion during the quarter, compared to the consensus estimate of $36.78 billion. During the same quarter last year, the firm earned $3.86 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, analysts forecast that The Home Depot, Inc. will post 16.43 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Thursday, June 2nd were issued a dividend of $1.90 per share. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Wednesday, June 1st. Home Depot’s payout ratio is 48.25%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. MKM Partners assumed coverage on shares of Home Depot in a report on Thursday, June 23rd. They set a “neutral” rating and a $285.00 target price for the company. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Friday, May 27th. Gordon Haskett lowered shares of Home Depot from a “buy” rating to an “accumulate” rating in a report on Friday, May 6th. Evercore ISI dropped their target price on shares of Home Depot to $360.00 in a report on Thursday, June 9th. Finally, Morgan Stanley dropped their target price on shares of Home Depot from $365.00 to $350.00 and set an “overweight” rating for the company in a report on Wednesday, July 20th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $368.45.

Home Depot Company Profile

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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 d├ęcor products, as well as facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

See Also

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

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