The Home Depot, Inc. (NYSE:HD) Shares Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 548,566 shares of the home improvement retailer's stock after purchasing an additional 12,488 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of Home Depot worth $213,387,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HD. SYM FINANCIAL Corp raised its holdings in shares of Home Depot by 17.8% in the third quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer's stock worth $777,000 after buying an additional 289 shares during the last quarter. Principal Financial Group Inc. raised its stake in Home Depot by 10.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,471,223 shares of the home improvement retailer's stock worth $596,140,000 after acquiring an additional 141,915 shares during the last quarter. United Bank lifted its position in Home Depot by 4.2% during the 3rd quarter. United Bank now owns 4,458 shares of the home improvement retailer's stock worth $1,806,000 after acquiring an additional 181 shares during the period. Algert Global LLC purchased a new stake in Home Depot during the 3rd quarter valued at about $649,000. Finally, Centaurus Financial Inc. grew its stake in Home Depot by 0.8% during the 3rd quarter. Centaurus Financial Inc. now owns 4,453 shares of the home improvement retailer's stock valued at $1,805,000 after purchasing an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

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Home Depot Trading Down 1.3 %

HD stock traded down $4.87 during trading on Friday, reaching $357.86. 2,979,134 shares of the stock were exchanged, compared to its average volume of 3,449,521. The business has a 50 day moving average price of $389.98 and a 200-day moving average price of $398.60. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year 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 firm has a market capitalization of $355.72 billion, a price-to-earnings ratio of 24.31, a P/E/G ratio of 4.03 and a beta of 1.09.

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

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.57%. This is an increase 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 presently 61.66%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HD shares. JPMorgan Chase & Co. raised their price objective on Home Depot from $450.00 to $475.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Piper Sandler reduced their price target on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research report on Monday. Hsbc Global Res raised shares of Home Depot from a "moderate sell" rating to a "hold" rating in a report on Wednesday, February 26th. KGI Securities raised shares of Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Finally, Robert W. Baird lowered their price target on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $435.85.

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.