Confluence Wealth Management LLC lowered its position in shares of The Home Depot Inc. (NYSE:HD) by 1.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 8,236 shares of the home improvement retailer’s stock after selling 106 shares during the period. Confluence Wealth Management LLC’s holdings in The Home Depot were worth $1,052,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Roffman Miller Associates Inc. PA boosted its position in The Home Depot by 1.3% in the second quarter. Roffman Miller Associates Inc. PA now owns 167,663 shares of the home improvement retailer’s stock worth $21,409,000 after buying an additional 2,097 shares during the period. AXA boosted its position in The Home Depot by 2.4% in the first quarter. AXA now owns 770,870 shares of the home improvement retailer’s stock worth $102,857,000 after buying an additional 17,802 shares during the period. Commonwealth Equity Services Inc boosted its position in The Home Depot by 2.3% in the first quarter. Commonwealth Equity Services Inc now owns 293,161 shares of the home improvement retailer’s stock worth $39,117,000 after buying an additional 6,528 shares during the period. First National Bank of Omaha boosted its position in The Home Depot by 0.9% in the second quarter. First National Bank of Omaha now owns 126,895 shares of the home improvement retailer’s stock worth $16,203,000 after buying an additional 1,142 shares during the period. Finally, Lodestar Investment Counsel LLC IL boosted its position in The Home Depot by 3.4% in the second quarter. Lodestar Investment Counsel LLC IL now owns 7,704 shares of the home improvement retailer’s stock worth $984,000 after buying an additional 252 shares during the period. 71.86% of the stock is currently owned by institutional investors and hedge funds.

The Home Depot Inc. (NYSE:HD) traded up 1.01% during mid-day trading on Wednesday, hitting $128.11. 5,350,554 shares of the stock were exchanged. The stock has a market capitalization of $158.29 billion, a PE ratio of 21.68 and a beta of 0.91. The company has a 50-day moving average of $133.44 and a 200-day moving average of $132.66. The Home Depot Inc. has a 52 week low of $109.62 and a 52 week high of $139.00.

The Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share for the quarter, meeting the consensus estimate of $1.97. The Home Depot had a net margin of 8.08% and a return on equity of 110.52%. The firm earned $26.47 billion during the quarter, compared to analysts’ expectations of $26.47 billion. During the same period in the previous year, the company earned $1.71 earnings per share. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities analysts predict that The Home Depot Inc. will post $6.33 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were issued a dividend of $0.69 per share. The ex-dividend date was Tuesday, August 30th. This represents a $2.76 dividend on an annualized basis and a yield of 2.15%. The Home Depot’s dividend payout ratio is currently 46.54%.

HD has been the topic of a number of research analyst reports. Vetr cut shares of The Home Depot from a “strong-buy” rating to a “buy” rating and set a $139.51 price objective on the stock. in a research report on Monday, July 4th. Jefferies Group restated a “buy” rating on shares of The Home Depot in a report on Sunday, July 3rd. Nomura upgraded shares of The Home Depot from a “neutral” rating to a “buy” rating and upped their target price for the stock from $140.00 to $155.00 in a report on Thursday, June 23rd. Deutsche Bank AG restated a “buy” rating and issued a $143.00 target price on shares of The Home Depot in a report on Friday, June 17th. Finally, BTIG Research assumed coverage on shares of The Home Depot in a report on Wednesday, June 1st. They issued a “buy” rating and a $155.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $147.36.

In other news, EVP Timothy M. Crow sold 49,392 shares of the stock in a transaction on Friday, August 19th. The shares were sold at an average price of $135.06, for a total value of $6,670,883.52. Following the completion of the sale, the executive vice president now directly owns 224,905 shares of the company’s stock, valued at $30,375,669.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Matt Carey sold 29,357 shares of the stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $136.26, for a total transaction of $4,000,184.82. Following the completion of the sale, the executive vice president now directly owns 88,872 shares of the company’s stock, valued at $12,109,698.72. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

About The 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 serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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