Meiji Yasuda Life Insurance Co reduced its stake in shares of Home Depot Inc (NYSE:HD) by 3.1% in the third quarter, HoldingsChannel.com reports. The firm owned 34,530 shares of the home improvement retailer’s stock after selling 1,118 shares during the period. Home Depot accounts for approximately 0.9% of Meiji Yasuda Life Insurance Co’s holdings, making the stock its 13th largest position. Meiji Yasuda Life Insurance Co’s holdings in Home Depot were worth $7,153,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of HD. Amussen Hunsaker Associates LLC purchased a new stake in shares of Home Depot during the second quarter valued at $107,000. CSat Investment Advisory L.P. purchased a new stake in Home Depot in the second quarter worth about $112,000. Mainstay Capital Management LLC ADV lifted its stake in Home Depot by 203.0% in the second quarter. Mainstay Capital Management LLC ADV now owns 597 shares of the home improvement retailer’s stock worth $116,000 after acquiring an additional 400 shares during the period. RPg Family Wealth Advisory LLC lifted its stake in Home Depot by 84.6% in the second quarter. RPg Family Wealth Advisory LLC now owns 600 shares of the home improvement retailer’s stock worth $117,000 after acquiring an additional 275 shares during the period. Finally, Fort L.P. purchased a new stake in Home Depot in the second quarter worth about $120,000. 71.53% of the stock is owned by hedge funds and other institutional investors.

In other Home Depot news, CEO Craig A. Menear sold 117,327 shares of the business’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $180.42, for a total value of $21,168,137.34. Following the completion of the transaction, the chief executive officer now directly owns 264,970 shares in the company, valued at $47,805,887.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wayne M. Hewett acquired 250 shares of the business’s stock in a transaction dated Wednesday, November 21st. The shares were bought at an average price of $169.62 per share, for a total transaction of $42,405.00. Following the acquisition, the director now owns 3,000 shares of the company’s stock, valued at $508,860. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 13,750 shares of company stock valued at $2,401,470 and sold 137,987 shares valued at $24,769,526. Insiders own 0.25% of the company’s stock.

Shares of Home Depot stock opened at $182.92 on Tuesday. The stock has a market capitalization of $207.16 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 1.40 and a beta of 1.10. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 17.68. Home Depot Inc has a one year low of $158.09 and a one year high of $215.43.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 EPS for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.24. The business had revenue of $26.30 billion during the quarter, compared to the consensus estimate of $26.23 billion. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.84 earnings per share. On average, sell-side analysts anticipate that Home Depot Inc will post 9.8 EPS for the current year.

A number of analysts recently weighed in on HD shares. Zacks Investment Research lowered shares of Home Depot from a “buy” rating to a “sell” rating in a research note on Tuesday, October 16th. Credit Suisse Group lowered their price objective on shares of Home Depot from $204.00 to $194.00 and set a “neutral” rating for the company in a research note on Thursday, November 15th. Deutsche Bank lowered their price objective on shares of Home Depot from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, November 14th. Citigroup lowered their price objective on shares of Home Depot from $227.00 to $226.00 and set a “buy” rating for the company in a research note on Wednesday, November 14th. Finally, Royal Bank of Canada lowered their price objective on shares of Home Depot from $218.00 to $208.00 and set an “outperform” rating for the company in a research note on Monday, November 12th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Home Depot presently has an average rating of “Buy” and an average target price of $204.60.

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About Home Depot

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

Further Reading: What is the quiet period?

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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