The Home Depot, Inc. (NYSE:HD) Shares Bought by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 6.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,325 shares of the home improvement retailer’s stock after purchasing an additional 4,017 shares during the quarter. Home Depot comprises 0.9% of Meiji Yasuda Asset Management Co Ltd.’s portfolio, making the stock its 16th largest position. Meiji Yasuda Asset Management Co Ltd.’s holdings in Home Depot were worth $22,143,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Fairway Wealth LLC bought a new position in Home Depot in the 2nd quarter worth about $25,000. Frank Rimerman Advisors LLC acquired a new position in shares of Home Depot during the fourth quarter worth approximately $27,000. Kings Path Partners LLC bought a new position in Home Depot in the 2nd quarter worth approximately $33,000. Burkett Financial Services LLC acquired a new stake in Home Depot in the 4th quarter valued at approximately $38,000. Finally, A.P. Gilfoyle & Co. L.P. bought a new stake in Home Depot during the 1st quarter valued at $38,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 0.4 %

Home Depot stock opened at $383.46 on Wednesday. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The stock has a market cap of $380.24 billion, a P/E ratio of 25.72, a P/E/G ratio of 2.57 and a beta of 1.00. The company’s fifty day simple moving average is $362.82 and its 200-day simple moving average is $353.92.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. During the same quarter in the previous year, the company posted $4.65 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.35%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is presently 60.36%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Jefferies Financial Group started coverage on Home Depot in a report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price target on the stock. StockNews.com downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. Loop Capital increased their price objective on shares of Home Depot from $330.00 to $360.00 and gave the company a “hold” rating in a report on Tuesday. Royal Bank of Canada dropped their target price on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. Finally, DA Davidson increased their price target on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $389.04.

Home Depot Profile

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.