Meiji Yasuda Asset Management Co Ltd. increased its holdings in Home Depot, Inc. (The) (NYSE:HD) by 4.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,839 shares of the home improvement retailer’s stock after acquiring an additional 2,945 shares during the quarter. Home Depot, Inc. (The) makes up about 1.1% of Meiji Yasuda Asset Management Co Ltd.’s investment portfolio, making the stock its 12th largest position. Meiji Yasuda Asset Management Co Ltd.’s holdings in Home Depot, Inc. (The) were worth $11,020,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Intersect Capital LLC lifted its stake in Home Depot, Inc. (The) by 6.6% in the second quarter. Intersect Capital LLC now owns 2,242 shares of the home improvement retailer’s stock worth $344,000 after acquiring an additional 138 shares during the period. Concentric Wealth Management LLC lifted its stake in Home Depot, Inc. (The) by 5.6% in the second quarter. Concentric Wealth Management LLC now owns 5,984 shares of the home improvement retailer’s stock worth $918,000 after acquiring an additional 315 shares during the period. Blue Chip Partners Inc. lifted its stake in Home Depot, Inc. (The) by 45.1% in the second quarter. Blue Chip Partners Inc. now owns 21,335 shares of the home improvement retailer’s stock worth $3,273,000 after acquiring an additional 6,634 shares during the period. Sitrin Capital Management LLC lifted its stake in Home Depot, Inc. (The) by 1.8% in the second quarter. Sitrin Capital Management LLC now owns 40,285 shares of the home improvement retailer’s stock worth $6,180,000 after acquiring an additional 716 shares during the period. Finally, RFG Advisory Group LLC lifted its stake in Home Depot, Inc. (The) by 265.9% in the second quarter. RFG Advisory Group LLC now owns 7,083 shares of the home improvement retailer’s stock worth $1,082,000 after acquiring an additional 5,147 shares during the period. 71.14% of the stock is owned by institutional investors.

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HD has been the subject of a number of research reports. Jefferies Group LLC reaffirmed a “buy” rating on shares of Home Depot, Inc. (The) in a research note on Monday, July 24th. Vetr lowered shares of Home Depot, Inc. (The) from a “strong-buy” rating to a “buy” rating and set a $164.18 price target for the company. in a research report on Wednesday, July 26th. BidaskClub lowered shares of Home Depot, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Longbow Research reissued a “buy” rating and set a $175.00 price target on shares of Home Depot, Inc. (The) in a research report on Monday, August 14th. Finally, Telsey Advisory Group reissued an “outperform” rating on shares of Home Depot, Inc. (The) in a research report on Friday, August 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $175.66.

Home Depot, Inc. (NYSE:HD) opened at $170.45 on Tuesday. Home Depot, Inc. has a fifty-two week low of $127.41 and a fifty-two week high of $170.69. The company has a debt-to-equity ratio of 9.54, a current ratio of 1.23 and a quick ratio of 0.39. The firm has a market cap of $200,930.00, a P/E ratio of 23.30, a P/E/G ratio of 1.70 and a beta of 1.08.

Home Depot, Inc. (The) (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.03. Home Depot, Inc. (The) had a net margin of 8.66% and a return on equity of 238.88%. The company had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.53 billion. During the same quarter in the prior year, the company earned $1.60 EPS. Home Depot, Inc. (The)’s quarterly revenue was up 8.1% on a year-over-year basis. analysts expect that Home Depot, Inc. will post 7.37 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.56 annualized dividend and a yield of 2.09%. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is presently 49.38%.

In other news, EVP Matt Carey sold 32,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the sale, the executive vice president now owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is owned by company insiders.

About Home Depot, Inc. (The)

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

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