The Home Depot, Inc. $HD Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. cut its position in The Home Depot, Inc. (NYSE:HD) by 16.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,765,731 shares of the home improvement retailer’s stock after selling 560,245 shares during the quarter. Franklin Resources Inc.’s holdings in Home Depot were worth $1,014,028,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. purchased a new position in shares of Home Depot during the second quarter worth approximately $28,000. LFA Lugano Financial Advisors SA acquired a new stake in Home Depot during the 2nd quarter worth $32,000. Legacy Investment Solutions LLC purchased a new position in Home Depot during the 2nd quarter worth $35,000. Global X Japan Co. Ltd. acquired a new position in Home Depot in the second quarter valued at $40,000. Finally, GFG Capital LLC purchased a new stake in shares of Home Depot in the second quarter valued at about $40,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In related news, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $423.12, for a total transaction of $974,445.36. Following the completion of the transaction, the executive vice president directly owned 24,235 shares in the company, valued at $10,254,313.20. The trade was a 8.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

HD has been the topic of a number of research reports. Sanford C. Bernstein lowered their price target on Home Depot from $406.00 to $362.00 and set a “market perform” rating on the stock in a report on Wednesday. Royal Bank Of Canada decreased their price objective on Home Depot from $401.00 to $376.00 and set a “sector perform” rating for the company in a research report on Wednesday. The Goldman Sachs Group dropped their target price on Home Depot from $444.00 to $406.00 and set a “buy” rating on the stock in a report on Wednesday. DZ Bank restated a “sell” rating on shares of Home Depot in a research note on Tuesday. Finally, Gordon Haskett decreased their price target on Home Depot from $400.00 to $345.00 in a report on Monday, November 10th. Twenty-one research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $410.36.

Home Depot Stock Performance

HD opened at $332.50 on Friday. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $439.37. The stock has a market cap of $330.97 billion, a P/E ratio of 22.59, a P/E/G ratio of 3.59 and a beta of 1.00. The stock’s 50 day simple moving average is $386.94 and its 200 day simple moving average is $381.13. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. During the same quarter in the previous year, the firm posted $3.78 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be given a $2.30 dividend. The ex-dividend date is Thursday, December 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.8%. Home Depot’s dividend payout ratio is currently 62.71%.

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.