The Home Depot, Inc. (NYSE:HD) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. boosted its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,295,599 shares of the home improvement retailer's stock after purchasing an additional 45,459 shares during the period. Franklin Resources Inc. owned about 0.33% of Home Depot worth $1,281,954,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Synergy Asset Management LLC bought a new stake in Home Depot during the 4th quarter valued at $26,000. Wingate Wealth Advisors Inc. acquired a new position in Home Depot in the 4th quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Home Depot during the fourth quarter worth about $32,000. Sellwood Investment Partners LLC purchased a new stake in shares of Home Depot in the 4th quarter valued at $39,000. Finally, NewSquare Capital LLC boosted its stake in shares of Home Depot by 200.0% in the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer's stock valued at $40,000 after buying an additional 68 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Up 1.6 %

HD traded up $5.73 during trading on Wednesday, hitting $371.25. 3,168,296 shares of the company's stock traded hands, compared to its average volume of 3,446,508. The company's 50 day simple moving average is $388.06 and its two-hundred day simple moving average is $398.84. 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 $369.03 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 4.03 and a beta of 1.08. The Home Depot, Inc. has a 12-month low of $323.77 and a 12-month high of $439.37.

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

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This is a positive change 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 2.48%. Home Depot's dividend payout ratio is currently 61.66%.

Analysts Set New Price Targets

HD has been the subject of several analyst reports. Guggenheim reaffirmed a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Truist Financial reduced their price objective on Home Depot from $467.00 to $437.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Robert W. Baird decreased their price target on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Telsey Advisory Group reiterated an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. Finally, Piper Sandler lowered their price objective on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.