The Home Depot, Inc. (NYSE:HD) Shares Sold by Meeder Asset Management Inc.

Meeder Asset Management Inc. lowered its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 93.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 552 shares of the home improvement retailer's stock after selling 8,355 shares during the period. Meeder Asset Management Inc.'s holdings in Home Depot were worth $224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in Home Depot during the second quarter valued at $25,000. Kings Path Partners LLC bought a new position in Home Depot during the second quarter valued at $33,000. Livelsberger Financial Advisory bought a new position in Home Depot during the third quarter valued at $46,000. Denver PWM LLC bought a new position in Home Depot during the second quarter valued at $40,000. Finally, Abich Financial Wealth Management LLC increased its position in Home Depot by 68.0% during the first quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer's stock valued at $48,000 after acquiring an additional 51 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

Insiders Place Their Bets

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. This trade represents a 17.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the transaction, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HD shares. Bank of America boosted their target price on shares of Home Depot from $425.00 to $450.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Stifel Nicolaus boosted their target price on shares of Home Depot from $375.00 to $400.00 and gave the company a "hold" rating in a research note on Monday, November 11th. Wells Fargo & Company boosted their target price on shares of Home Depot from $400.00 to $430.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Royal Bank of Canada boosted their target price on shares of Home Depot from $363.00 to $413.00 and gave the company a "sector perform" rating in a research note on Monday, November 11th. Finally, DA Davidson boosted their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a "buy" rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus price target of $426.00.

Home Depot Stock Performance

NYSE:HD traded down $6.82 during midday trading on Wednesday, hitting $399.98. The company's stock had a trading volume of 4,730,652 shares, compared to its average volume of 3,386,978. The Home Depot, Inc. has a fifty-two week low of $302.34 and a fifty-two week high of $421.56. The firm's 50 day moving average is $401.13 and its 200-day moving average is $367.78. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The firm has a market cap of $397.30 billion, a P/E ratio of 27.35, a P/E/G ratio of 2.84 and a beta of 1.01.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter in the prior year, the company earned $3.81 EPS. Home Depot's quarterly revenue was up 6.6% on a year-over-year basis. Equities analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.25%. Home Depot's dividend payout ratio is presently 61.14%.

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.