Norinchukin Bank The Buys 3,605 Shares of The Home Depot, Inc. (NYSE:HD)

Norinchukin Bank The increased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,514 shares of the home improvement retailer's stock after purchasing an additional 3,605 shares during the quarter. Norinchukin Bank The's holdings in Home Depot were worth $21,594,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HD. Vanguard Group Inc. increased its holdings in Home Depot by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer's stock worth $37,251,142,000 after acquiring an additional 875,836 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Home Depot by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 21,957,463 shares of the home improvement retailer's stock valued at $8,525,046,000 after purchasing an additional 257,036 shares during the period. Norges Bank bought a new position in Home Depot in the 4th quarter worth about $5,032,910,000. Capital Research Global Investors raised its holdings in shares of Home Depot by 5.5% in the 4th quarter. Capital Research Global Investors now owns 12,455,582 shares of the home improvement retailer's stock valued at $4,845,098,000 after acquiring an additional 647,552 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Home Depot by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 9,552,090 shares of the home improvement retailer's stock worth $3,715,668,000 after purchasing an additional 125,441 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HD has been the topic of several research reports. JPMorgan Chase & Co. raised their price objective on shares of Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Gordon Haskett cut shares of Home Depot from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Piper Sandler decreased their target price 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. Royal Bank of Canada cut their price target on shares of Home Depot from $431.00 to $424.00 and set a "sector perform" rating for the company in a research report on Wednesday, February 26th. Finally, Truist Financial decreased their price objective on Home Depot from $437.00 to $391.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Home Depot has an average rating of "Moderate Buy" and a consensus target price of $434.08.

Home Depot Stock Up 2.6 %

HD stock traded up $8.86 during midday trading on Friday, hitting $354.85. The company's stock had a trading volume of 3,231,380 shares, compared to its average volume of 3,470,719. The company has a market cap of $352.73 billion, a PE ratio of 24.11, a P/E/G ratio of 4.03 and a beta of 1.09. The firm's 50-day moving average is $369.30 and its 200-day moving average is $394.08. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month 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.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data 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 net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $39.15 billion. During the same quarter in the prior year, the firm earned $2.82 earnings per share. The firm's revenue for the quarter was up 14.1% compared to the same quarter last year. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $2.30 per share. The ex-dividend date of this dividend was Thursday, March 13th. This is an increase from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.59%. Home Depot's payout ratio is 61.66%.

Home Depot Company 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.