Meiji Yasuda Life Insurance Co Sells 1,033 Shares of The Home Depot, Inc. $HD

by · The Cerbat Gem

Meiji Yasuda Life Insurance Co lessened its position in The Home Depot, Inc. (NYSE:HDFree Report) by 2.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,869 shares of the home improvement retailer’s stock after selling 1,033 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Home Depot were worth $12,779,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its position in Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of Home Depot by 4.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer’s stock worth $4,747,000 after purchasing an additional 565 shares during the last quarter. Algert Global LLC grew its holdings in shares of Home Depot by 19.1% during the fourth quarter. Algert Global LLC now owns 1,907 shares of the home improvement retailer’s stock worth $742,000 after purchasing an additional 306 shares during the last quarter. KKM Financial LLC grew its holdings in shares of Home Depot by 3.9% during the fourth quarter. KKM Financial LLC now owns 8,263 shares of the home improvement retailer’s stock worth $3,214,000 after purchasing an additional 309 shares during the last quarter. Finally, Jefferies Financial Group Inc. grew its holdings in shares of Home Depot by 515.1% during the fourth quarter. Jefferies Financial Group Inc. now owns 73,008 shares of the home improvement retailer’s stock worth $28,400,000 after purchasing an additional 61,139 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the sale, the executive vice president owned 3,837 shares of the company’s stock, valued at approximately $1,550,416.59. The trade was a 20.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the sale, the executive vice president directly owned 16,057 shares in the company, valued at approximately $6,635,234.11. This represents a 25.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,532 shares of company stock valued at $18,648,987 in the last quarter. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HD shares. Telsey Advisory Group restated an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. DA Davidson restated a “buy” rating and set a $450.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. TD Securities downgraded Home Depot to a “buy” rating in a research report on Monday, June 2nd. Wells Fargo & Company boosted their target price on Home Depot from $420.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. Finally, Stifel Nicolaus raised their price target on Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $432.52.

Read Our Latest Analysis on HD

Home Depot Price Performance

HD opened at $418.70 on Monday. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $439.37. The company has a fifty day simple moving average of $385.21 and a 200 day simple moving average of $371.13. The stock has a market cap of $416.77 billion, a P/E ratio of 28.44, a P/E/G ratio of 3.97 and a beta of 1.00.

Home Depot (NYSE:HDGet Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 EPS for the quarter, missing the consensus estimate of $4.69 by ($0.01). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same period in the prior year, the firm posted $4.60 earnings per share. The company’s revenue was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, research analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be given a $2.30 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.2%. Home Depot’s payout ratio is currently 62.50%.

Home Depot Profile

(Free Report)

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.

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