Confluence Wealth Services Inc. bought a new stake in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,135 shares of the home improvement retailer’s stock, valued at approximately $4,621,000. Home Depot makes up about 1.5% of Confluence Wealth Services Inc.’s holdings, making the stock its 7th biggest holding.
Other institutional investors and hedge funds have also modified their holdings of the company. Camden National Bank grew its position in shares of Home Depot by 9.7% during the fourth quarter. Camden National Bank now owns 2,563 shares of the home improvement retailer’s stock worth $681,000 after purchasing an additional 226 shares in the last quarter. Morgan Stanley lifted its stake in shares of Home Depot by 1.4% during the 2nd quarter. Morgan Stanley now owns 11,505,713 shares of the home improvement retailer’s stock worth $3,669,058,000 after acquiring an additional 162,299 shares during the last quarter. Keudell Morrison Wealth Management raised its position in Home Depot by 0.5% during the 3rd quarter. Keudell Morrison Wealth Management now owns 9,467 shares of the home improvement retailer’s stock valued at $3,108,000 after purchasing an additional 46 shares in the last quarter. Center for Financial Planning Inc. raised its position in shares of Home Depot by 25.1% in the 3rd quarter. Center for Financial Planning Inc. now owns 3,198 shares of the home improvement retailer’s stock worth $1,050,000 after acquiring an additional 642 shares in the last quarter. Finally, EagleClaw Capital Managment LLC raised its position in shares of Home Depot by 5.3% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 40,517 shares of the home improvement retailer’s stock worth $13,301,000 after acquiring an additional 2,023 shares in the last quarter. Hedge funds and other institutional investors own 70.61% of the company’s stock.
In related news, EVP Hector A. Padilla sold 504 shares of Home Depot stock in a transaction that occurred on Friday, March 25th. The shares were sold at an average price of $309.80, for a total value of $156,139.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.17% of the stock is owned by corporate insiders.
NYSE:HD traded up $6.73 on Thursday, reaching $289.69. The stock had a trading volume of 4,410,031 shares, compared to its average volume of 4,893,482. The company has a market capitalization of $299.36 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 1.89 and a beta of 0.97. The Home Depot, Inc. has a 1-year low of $280.63 and a 1-year high of $420.61. The company has a quick ratio of 0.24, a current ratio of 1.01 and a debt-to-equity ratio of 35.47. The stock has a fifty day moving average price of $310.41 and a 200-day moving average price of $353.90.
Home Depot (NYSE:HD – Get Rating) last issued its earnings results on Tuesday, February 22nd. The home improvement retailer reported $3.21 EPS for the quarter, beating the consensus estimate of $3.20 by $0.01. The firm had revenue of $35.72 billion during the quarter, compared to the consensus estimate of $34.85 billion. Home Depot had a net margin of 10.87% and a return on equity of 2,082.76%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.74 earnings per share. Sell-side analysts predict that The Home Depot, Inc. will post 15.97 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Stockholders of record on Thursday, March 10th were given a $1.90 dividend. The ex-dividend date was Wednesday, March 9th. This is a positive change from Home Depot’s previous quarterly dividend of $1.65. This represents a $7.60 annualized dividend and a dividend yield of 2.62%. Home Depot’s dividend payout ratio is presently 48.97%.
Home Depot Profile (Get Rating)
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 décor 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.
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