First Bancorp Inc ME Purchases 32 Shares of The Home Depot, Inc. (NYSE:HD)

First Bancorp Inc ME lifted its stake in The Home Depot, Inc. (NYSE:HD) by 2.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,146 shares of the home improvement retailer’s stock after buying an additional 32 shares during the period. First Bancorp Inc ME’s holdings in Home Depot were worth $464,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Clarity Wealth Advisors LLC boosted its stake in shares of Home Depot by 5.0% during the third quarter. Clarity Wealth Advisors LLC now owns 1,384 shares of the home improvement retailer’s stock valued at $561,000 after purchasing an additional 66 shares in the last quarter. Legacy Financial Strategies LLC lifted its holdings in Home Depot by 13.3% during the 3rd quarter. Legacy Financial Strategies LLC now owns 735 shares of the home improvement retailer’s stock worth $298,000 after buying an additional 86 shares during the period. NovaPoint Capital LLC grew its position in shares of Home Depot by 19.2% in the 3rd quarter. NovaPoint Capital LLC now owns 29,490 shares of the home improvement retailer’s stock valued at $11,949,000 after buying an additional 4,741 shares during the last quarter. Chronos Wealth Management LLC lifted its stake in shares of Home Depot by 0.3% in the third quarter. Chronos Wealth Management LLC now owns 20,170 shares of the home improvement retailer’s stock worth $8,173,000 after acquiring an additional 58 shares during the period. Finally, IFG Advisors LLC boosted its stake in shares of Home Depot by 4.8% in the 3rd quarter. IFG Advisors LLC now owns 2,456 shares of the home improvement retailer’s stock valued at $995,000 after purchasing an additional 113 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on HD. Daiwa America raised Home Depot to a “hold” rating in a research report on Thursday, August 15th. Guggenheim increased their price objective on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Stifel Nicolaus decreased their target price on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. Piper Sandler upped their price target on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Finally, Jefferies Financial Group initiated coverage on Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $404.69.

Home Depot Price Performance

Shares of NYSE HD opened at $415.00 on Friday. The company has a market capitalization of $411.52 billion, a PE ratio of 27.83, a PEG ratio of 2.88 and a beta of 1.00. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The stock’s 50 day moving average price is $385.10 and its 200-day moving average price is $358.50. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $421.56.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The firm had revenue of $43.18 billion during 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 company earned $4.65 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is 60.36%.

Home Depot 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.