Penobscot Investment Management Company Inc. boosted its stake in Home Depot Inc (NYSE:HD) by 3.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,352 shares of the home improvement retailer’s stock after acquiring an additional 435 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in Home Depot were worth $2,184,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mascoma Wealth Management LLC raised its position in shares of Home Depot by 0.6% in the 2nd quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock valued at $175,000 after purchasing an additional 7 shares in the last quarter. Paragon Wealth Strategies LLC raised its position in shares of Home Depot by 0.4% in the 2nd quarter. Paragon Wealth Strategies LLC now owns 1,825 shares of the home improvement retailer’s stock valued at $280,000 after purchasing an additional 7 shares in the last quarter. Jackson Grant Investment Advisers Inc. raised its position in shares of Home Depot by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 1,651 shares of the home improvement retailer’s stock valued at $253,000 after purchasing an additional 7 shares in the last quarter. Silicon Valley Capital Partners raised its position in shares of Home Depot by 0.6% in the 2nd quarter. Silicon Valley Capital Partners now owns 1,485 shares of the home improvement retailer’s stock valued at $228,000 after purchasing an additional 9 shares in the last quarter. Finally, Mcdaniel Terry & Co. raised its position in shares of Home Depot by 0.5% in the 2nd quarter. Mcdaniel Terry & Co. now owns 1,678 shares of the home improvement retailer’s stock valued at $257,000 after purchasing an additional 9 shares in the last quarter. Hedge funds and other institutional investors own 70.18% of the company’s stock.

In other Home Depot news, EVP Matt Carey sold 41,396 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $183.03, for a total value of $7,576,709.88. Following the sale, the executive vice president now directly owns 29,559 shares of the company’s stock, valued at $5,410,183.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is owned by company insiders.

Several equities research analysts recently issued reports on the company. Telsey Advisory Group upped their price target on Home Depot from $180.00 to $190.00 and gave the company an “outperform” rating in a research report on Monday, December 4th. Robert W. Baird reissued an “outperform” rating and set a $195.00 price target on shares of Home Depot in a research report on Thursday, November 30th. SunTrust Banks upped their price target on Home Depot from $167.00 to $175.00 and gave the company a “hold” rating in a research report on Thursday, December 7th. Bank of America upped their price target on Home Depot from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Finally, Zacks Investment Research lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $183.28.

Shares of Home Depot Inc (NYSE HD) opened at $196.42 on Tuesday. Home Depot Inc has a 52-week low of $134.60 and a 52-week high of $199.42. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54. The firm has a market capitalization of $229,369.27, a price-to-earnings ratio of 27.28, a price-to-earnings-growth ratio of 1.82 and a beta of 1.11.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The firm had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. During the same period last year, the company earned $1.60 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. equities analysts anticipate that Home Depot Inc will post 7.38 EPS for the current fiscal year.

Home Depot declared that its board has initiated a stock buyback program on Wednesday, December 6th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the home improvement retailer to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

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About Home Depot

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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

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