FUKOKU MUTUAL LIFE INSURANCE Co Boosts Holdings in The Home Depot, Inc. (NYSE:HD)

Posted by on Jul 1st, 2023

FUKOKU MUTUAL LIFE INSURANCE Co grew its position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 96.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,558 shares of the home improvement retailer’s stock after purchasing an additional 23,780 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Home Depot were worth $14,330,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Home Depot by 1.1% during the third quarter. Vanguard Group Inc. now owns 94,440,614 shares of the home improvement retailer’s stock worth $26,059,943,000 after buying an additional 1,011,858 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Home Depot by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 19,008,019 shares of the home improvement retailer’s stock worth $5,993,612,000 after buying an additional 585,226 shares in the last quarter. Morgan Stanley grew its position in shares of Home Depot by 10.0% during the fourth quarter. Morgan Stanley now owns 18,737,490 shares of the home improvement retailer’s stock worth $5,918,425,000 after buying an additional 1,698,402 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Home Depot by 5.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,435,687 shares of the home improvement retailer’s stock worth $3,899,964,000 after purchasing an additional 607,480 shares during the period. Finally, Norges Bank acquired a new position in Home Depot in the fourth quarter worth $3,740,875,000. Hedge funds and other institutional investors own 69.91% of the company’s stock.

Home Depot Price Performance

Shares of Home Depot stock opened at $310.54 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.28 and a debt-to-equity ratio of 113.02. The company’s 50-day moving average price is $295.79 and its two-hundred day moving average price is $303.23. The Home Depot, Inc. has a 52 week low of $265.61 and a 52 week high of $347.25. The stock has a market cap of $312.21 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 1.99 and a beta of 0.93.

Home Depot (NYSE:HD – Free Report) last issued its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $3.82 EPS for the quarter, topping the consensus estimate of $3.80 by $0.02. Home Depot had a net margin of 10.75% and a return on equity of 1,936.63%. The firm had revenue of $37.26 billion for the quarter, compared to analysts’ expectations of $38.35 billion. During the same period in the previous year, the business earned $4.09 earnings per share. Home Depot’s revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 14.97 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were given a $2.09 dividend. This represents a $8.36 annualized dividend and a yield of 2.69%. The ex-dividend date was Wednesday, May 31st. Home Depot’s dividend payout ratio (DPR) is presently 50.94%.

Insiders Place Their Bets

In other Home Depot news, EVP Hector A. Padilla sold 1,502 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $293.09, for a total transaction of $440,221.18. Following the sale, the executive vice president now owns 13,958 shares in the company, valued at approximately $4,090,950.22. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.19% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Truist Financial decreased their price objective on shares of Home Depot from $352.00 to $318.00 in a report on Wednesday, May 17th. Sanford C. Bernstein decreased their price objective on shares of Home Depot from $333.00 to $314.00 in a report on Wednesday, May 17th. The Goldman Sachs Group decreased their price objective on shares of Home Depot from $340.00 to $330.00 in a report on Tuesday, May 16th. Wedbush decreased their price objective on shares of Home Depot from $300.00 to $290.00 in a report on Wednesday, May 17th. Finally, StockNews.com assumed coverage on shares of Home Depot in a report on Thursday, May 18th. They set a “hold” rating for the company. Twelve analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $323.43.

Home Depot Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.