Meeder Asset Management Inc. Has $815,000 Stock Holdings in The Home Depot, Inc. $HD

Meeder Asset Management Inc. lifted its holdings in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 364.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,011 shares of the home improvement retailer’s stock after purchasing an additional 1,578 shares during the period. Meeder Asset Management Inc.’s holdings in Home Depot were worth $815,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after acquiring an additional 7,203 shares during the period. Jones Financial Companies Lllp grew its holdings in Home Depot by 32.4% in the first quarter. Jones Financial Companies Lllp now owns 117,570 shares of the home improvement retailer’s stock worth $42,176,000 after purchasing an additional 28,755 shares during the period. Parallel Advisors LLC increased its stake in Home Depot by 4.2% in the second quarter. Parallel Advisors LLC now owns 30,501 shares of the home improvement retailer’s stock valued at $11,183,000 after purchasing an additional 1,216 shares in the last quarter. Gallacher Capital Management LLC raised its holdings in shares of Home Depot by 76.8% during the second quarter. Gallacher Capital Management LLC now owns 2,853 shares of the home improvement retailer’s stock valued at $1,046,000 after purchasing an additional 1,239 shares during the period. Finally, Mirabaud & Cie SA boosted its position in shares of Home Depot by 7.0% during the 2nd quarter. Mirabaud & Cie SA now owns 3,060 shares of the home improvement retailer’s stock worth $1,122,000 after purchasing an additional 201 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insiders Place Their Bets

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,872 shares of the stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $348.52, for a total value of $1,000,949.44. Following the completion of the sale, the executive vice president owned 13,196 shares in the company, valued at approximately $4,599,069.92. This trade represents a 17.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Angie Brown sold 1,946 shares of Home Depot stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the transaction, the executive vice president directly owned 3,941 shares in the company, valued at approximately $1,409,419.83. This represents a 33.06% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 4,963 shares of company stock valued at $1,748,845. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the subject of a number of research analyst reports. Zacks Research lowered Home Depot from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 27th. Telsey Advisory Group reduced their price objective on Home Depot from $430.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, December 10th. HSBC lowered their target price on Home Depot from $445.00 to $400.00 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Home Depot in a research report on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Home Depot from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $402.10.

View Our Latest Stock Report on Home Depot

Home Depot News Summary

Here are the key news stories impacting Home Depot this week:

Home Depot Trading Up 0.1%

Shares of Home Depot stock opened at $375.10 on Tuesday. The company has a market capitalization of $373.42 billion, a P/E ratio of 25.57, a price-to-earnings-growth ratio of 13.96 and a beta of 1.08. The stock has a fifty day simple moving average of $354.48 and a 200 day simple moving average of $377.94. The Home Depot, Inc. has a 12-month low of $326.31 and a 12-month high of $426.75. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82.

Home Depot (NYSE:HDGet Free Report) last issued its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The company had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter last year, the business posted $3.78 earnings per share. Home Depot’s revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were issued a dividend of $2.30 per share. The ex-dividend date was Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.5%. Home Depot’s payout ratio is 62.71%.

Home Depot Profile

(Free Report)

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.

Featured Stories

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HDFree Report).

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

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.