Meiji Yasuda Life Insurance Co Has $13.98 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Meiji Yasuda Life Insurance Co trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD) by 6.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,601 shares of the home improvement retailer’s stock after selling 2,728 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Home Depot were worth $13,976,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Capital Research Global Investors raised its stake in shares of Home Depot by 7.2% in the fourth quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock valued at $5,117,016,000 after acquiring an additional 992,444 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Home Depot by 2.1% in the fourth quarter. Fisher Asset Management LLC now owns 8,790,895 shares of the home improvement retailer’s stock valued at $3,046,485,000 after acquiring an additional 184,480 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Home Depot by 15.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock valued at $2,853,143,000 after acquiring an additional 971,833 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Home Depot by 13.1% in the first quarter. Jennison Associates LLC now owns 4,917,286 shares of the home improvement retailer’s stock valued at $1,886,271,000 after acquiring an additional 569,690 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Home Depot by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,643,176 shares of the home improvement retailer’s stock valued at $1,598,316,000 after acquiring an additional 333,312 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Price Performance

HD opened at $383.46 on Wednesday. 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 Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The company has a fifty day simple moving average of $362.82 and a 200 day simple moving average of $353.92. 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.

Home Depot (NYSE:HD) last released its quarterly earnings data 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 net margin of 9.71% and a return on equity of 681.27%. The business had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. During the same quarter in the prior year, the company earned $4.65 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. On average, research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on HD shares. JPMorgan Chase & Co. lifted their target price on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Evercore ISI cut their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Truist Financial reduced their price objective on Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Royal Bank of Canada reduced their price objective 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, Jefferies Financial Group began coverage on Home Depot in a report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $389.04.

Home Depot Company 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.