Confluence Investment Management LLC lifted its position in Home Depot, Inc. (The) (NYSE:HD) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,684 shares of the home improvement retailer’s stock after buying an additional 1,830 shares during the quarter. Confluence Investment Management LLC’s holdings in Home Depot, Inc. (The) were worth $18,206,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Appleton Partners Inc. MA lifted its stake in shares of Home Depot, Inc. (The) by 3.7% in the second quarter. Appleton Partners Inc. MA now owns 88,227 shares of the home improvement retailer’s stock worth $13,534,000 after buying an additional 3,160 shares during the last quarter. Lincoln Capital LLC acquired a new stake in shares of Home Depot, Inc. (The) in the second quarter worth $217,000. Central Bank & Trust Co. lifted its stake in shares of Home Depot, Inc. (The) by 2.6% in the second quarter. Central Bank & Trust Co. now owns 9,749 shares of the home improvement retailer’s stock worth $1,495,000 after buying an additional 243 shares during the last quarter. Fulton Bank N.A. lifted its stake in shares of Home Depot, Inc. (The) by 4.5% in the second quarter. Fulton Bank N.A. now owns 24,166 shares of the home improvement retailer’s stock worth $3,707,000 after buying an additional 1,040 shares during the last quarter. Finally, Capital Investment Advisors LLC lifted its stake in shares of Home Depot, Inc. (The) by 7.5% in the second quarter. Capital Investment Advisors LLC now owns 189,050 shares of the home improvement retailer’s stock worth $29,000,000 after buying an additional 13,198 shares during the last quarter. Institutional investors and hedge funds own 71.39% of the company’s stock.

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Home Depot, Inc. (The) (NYSE:HD) last posted its earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The company had revenue of $28.11 billion during the quarter, compared to the consensus estimate of $27.84 billion. During the same quarter last year, the firm earned $1.97 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 31st were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Tuesday, August 29th. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is presently 51.15%.

A number of analysts have recently weighed in on the stock. Sanford C. Bernstein restated a “market perform” rating and issued a $152.00 price objective on shares of Home Depot, Inc. (The) in a research note on Wednesday, July 12th. Jefferies Group LLC restated a “buy” rating on shares of Home Depot, Inc. (The) in a research note on Monday, July 24th. Oppenheimer Holdings, Inc. set a $178.00 price objective on shares of Home Depot, Inc. (The) and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Wedbush restated a “market perform” rating on shares of Home Depot, Inc. (The) in a research note on Wednesday, August 16th. Finally, Zacks Investment Research cut shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $169.90.

In related news, EVP Ann Marie Campbell sold 10,717 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $152.40, for a total value of $1,633,270.80. Following the completion of the transaction, the executive vice president now owns 64,810 shares of the company’s stock, valued at $9,877,044. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Matt Carey sold 32,000 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $157.10, for a total value of $5,027,200.00. Following the completion of the transaction, the executive vice president now directly owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,717 shares of company stock valued at $8,916,321. 0.26% of the stock is owned by insiders.

Home Depot, Inc. (The) Profile

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.

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Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

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