Franklin Resources Inc. Has $1.41 Billion Stock Holdings in The Home Depot, Inc. $HD

Franklin Resources Inc. lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 7.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,093,346 shares of the home improvement retailer’s stock after purchasing an additional 287,038 shares during the period. Franklin Resources Inc.’s holdings in Home Depot were worth $1,408,520,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Parvin Asset Management LLC grew its stake in Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 33 shares during the last quarter. Financially Speaking Inc bought a new stake in shares of Home Depot during the 3rd quarter worth approximately $31,000. Key Capital Management INC bought a new stake in shares of Home Depot during the 4th quarter worth approximately $28,000. Imprint Wealth LLC bought a new stake in shares of Home Depot during the 3rd quarter worth approximately $34,000. Finally, Navalign LLC acquired a new position in Home Depot during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

Home Depot stock opened at $310.73 on Monday. The firm’s 50 day simple moving average is $322.95 and its 200 day simple moving average is $347.66. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The firm has a market capitalization of $309.83 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 3.59 and a beta of 0.97. The Home Depot, Inc. has a 1-year low of $289.10 and a 1-year high of $426.75.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. During the same quarter in the prior year, the firm posted $3.56 EPS. Home Depot’s revenue was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a dividend of $2.33 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 3.0%. Home Depot’s dividend payout ratio is presently 66.19%.

Analyst Upgrades and Downgrades

HD has been the subject of several recent research reports. Royal Bank Of Canada decreased their price target on shares of Home Depot from $377.00 to $340.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 20th. BNP Paribas Exane cut their target price on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. Guggenheim restated a “buy” rating and issued a $425.00 price target on shares of Home Depot in a report on Wednesday, May 20th. Mizuho dropped their price objective on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Finally, DA Davidson dropped their price objective on shares of Home Depot from $445.00 to $377.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $371.36.

Home Depot Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.