CFM Wealth Partners LLC grew its position in The Home Depot, Inc. (NYSE:HD – Get Rating) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,709 shares of the home improvement retailer’s stock after purchasing an additional 82 shares during the period. Home Depot comprises about 1.4% of CFM Wealth Partners LLC’s portfolio, making the stock its 14th largest position. CFM Wealth Partners LLC’s holdings in Home Depot were worth $5,226,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Teamwork Financial Advisors LLC boosted its stake in shares of Home Depot by 1.4% in the 4th quarter. Teamwork Financial Advisors LLC now owns 2,309 shares of the home improvement retailer’s stock valued at $729,000 after purchasing an additional 31 shares during the last quarter. Retirement Planning Co of New England Inc. boosted its stake in shares of Home Depot by 0.5% in the 4th quarter. Retirement Planning Co of New England Inc. now owns 5,769 shares of the home improvement retailer’s stock valued at $1,822,000 after purchasing an additional 31 shares during the last quarter. Summit Asset Management LLC lifted its position in shares of Home Depot by 0.9% during the 4th quarter. Summit Asset Management LLC now owns 3,491 shares of the home improvement retailer’s stock valued at $1,103,000 after acquiring an additional 31 shares during the period. Insight Wealth Strategies LLC lifted its position in shares of Home Depot by 0.6% during the 4th quarter. Insight Wealth Strategies LLC now owns 5,794 shares of the home improvement retailer’s stock valued at $1,830,000 after acquiring an additional 32 shares during the period. Finally, Monterey Private Wealth Inc. lifted its position in shares of Home Depot by 2.2% during the 4th quarter. Monterey Private Wealth Inc. now owns 1,495 shares of the home improvement retailer’s stock valued at $472,000 after acquiring an additional 32 shares during the period. 69.91% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, EVP Hector A. Padilla sold 1,502 shares of Home Depot stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $293.09, for a total value of $440,221.18. Following the completion of the transaction, the executive vice president now directly owns 13,958 shares in the company, valued at approximately $4,090,950.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.19% of the company’s stock.
Analysts Set New Price Targets
Home Depot Price Performance
Home Depot stock opened at $300.77 on Friday. The business’s 50 day simple moving average is $294.65 and its 200 day simple moving average is $303.67. The Home Depot, Inc. has a 12 month low of $265.61 and a 12 month high of $347.25. The company has a market cap of $302.39 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 1.93 and a beta of 0.93. The company has a current ratio of 1.27, a quick ratio of 0.28 and a debt-to-equity ratio of 113.02.
Home Depot (NYSE:HD – Get Rating) last issued its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $3.82 EPS for the quarter, beating analysts’ consensus estimates of $3.80 by $0.02. Home Depot had a return on equity of 1,936.63% and a net margin of 10.75%. The firm had revenue of $37.26 billion for the quarter, compared to analysts’ expectations of $38.35 billion. During the same quarter in the prior year, the firm earned $4.09 EPS. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. Sell-side analysts forecast that The Home Depot, Inc. will post 14.97 EPS for the current year.
Home Depot Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were given a $2.09 dividend. This represents a $8.36 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend was Wednesday, May 31st. Home Depot’s dividend payout ratio (DPR) is currently 50.94%.
Home Depot Company Profile
The Home Depot, Inc operates as a home improvement retailer. 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.
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