The Home Depot, Inc. (NYSE:HD) Stake Lifted by Fayez Sarofim & Co

Fayez Sarofim & Co raised its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 631,481 shares of the home improvement retailer's stock after purchasing an additional 47,669 shares during the period. Fayez Sarofim & Co owned 0.06% of Home Depot worth $245,640,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Optivise Advisory Services LLC raised its position in shares of Home Depot by 7.9% in the 4th quarter. Optivise Advisory Services LLC now owns 1,343 shares of the home improvement retailer's stock worth $523,000 after buying an additional 98 shares during the period. Select Asset Management & Trust purchased a new position in shares of Home Depot in the 4th quarter worth about $377,000. Wealth Dimensions Group Ltd. lifted its stake in shares of Home Depot by 22.7% in the 4th quarter. Wealth Dimensions Group Ltd. now owns 2,863 shares of the home improvement retailer's stock valued at $1,114,000 after purchasing an additional 529 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Home Depot by 27.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 66,893 shares of the home improvement retailer's stock worth $26,021,000 after purchasing an additional 14,268 shares during the period. Finally, Tradition Wealth Management LLC increased its position in Home Depot by 0.7% during the 4th quarter. Tradition Wealth Management LLC now owns 4,307 shares of the home improvement retailer's stock worth $1,675,000 after purchasing an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Stock Performance

NYSE:HD traded up $2.60 during mid-day trading on Wednesday, hitting $357.03. The stock had a trading volume of 3,282,704 shares, compared to its average volume of 3,469,995. The Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The stock has a market capitalization of $354.90 billion, a price-to-earnings ratio of 24.25, a P/E/G ratio of 4.03 and a beta of 1.09. The company has a 50 day simple moving average of $365.88 and a 200-day simple moving average of $393.13.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating analysts' consensus estimates of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $39.70 billion for the quarter, compared to analysts' expectations of $39.15 billion. During the same quarter in the previous year, the company posted $2.82 earnings per share. The business's revenue for the quarter was up 14.1% compared to the same quarter last year. On average, research analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.58%. This is a positive change from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot's dividend payout ratio (DPR) is 61.66%.

Analysts Set New Price Targets

HD has been the topic of a number of recent research reports. Piper Sandler reduced their price target on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. Gordon Haskett cut shares of Home Depot from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Guggenheim reaffirmed a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. raised their target price on Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $434.08.

Home Depot Profile

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.