Confluence Wealth Services Inc. Buys 127 Shares of The Home Depot, Inc. $HD

Confluence Wealth Services Inc. grew its stake in The Home Depot, Inc. (NYSE:HD) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,843 shares of the home improvement retailer’s stock after acquiring an additional 127 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Home Depot were worth $5,442,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC grew its position in shares of Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after buying an additional 7,203 shares during the last quarter. Sivia Capital Partners LLC lifted its position in Home Depot by 6.8% during the first quarter. Sivia Capital Partners LLC now owns 2,425 shares of the home improvement retailer’s stock valued at $889,000 after acquiring an additional 154 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Home Depot by 6.1% in the first quarter. Revolve Wealth Partners LLC now owns 2,489 shares of the home improvement retailer’s stock valued at $912,000 after acquiring an additional 143 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in Home Depot by 3.3% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 3,197 shares of the home improvement retailer’s stock worth $1,172,000 after purchasing an additional 102 shares during the last quarter. Finally, RDA Financial Network increased its position in shares of Home Depot by 8.0% during the first quarter. RDA Financial Network now owns 5,183 shares of the home improvement retailer’s stock worth $1,900,000 after purchasing an additional 384 shares in the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Trading Down 0.0%

Shares of NYSE:HD opened at $394.88 on Monday. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The stock has a market cap of $393.06 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 3.75 and a beta of 1.00. The business has a 50-day moving average price of $402.63 and a 200-day moving average price of $376.51.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same quarter last year, the company posted $4.60 EPS. Home Depot’s quarterly revenue was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.3%. Home Depot’s payout ratio is currently 62.50%.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their price objective on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research report on Monday, August 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Depot in a research note on Saturday, September 27th. JPMorgan Chase & Co. lowered their price target on Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Wells Fargo & Company boosted their price target on Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a research report on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $436.40.

Insider Buying and Selling

In other news, CFO Richard V. Mcphail sold 3,369 shares of the company’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the sale, the chief financial officer owned 45,455 shares in the company, valued at $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the transaction, the executive vice president owned 24,235 shares of the company’s stock, valued at approximately $10,254,313.20. This represents a 8.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,835 shares of company stock valued at $19,623,432 in the last 90 days. 0.10% of the stock is currently owned by insiders.

About Home Depot

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.