The Home Depot, Inc. (NYSE:HD) Shares Sold by Meyer Handelman Co.

Meyer Handelman Co. trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 129,547 shares of the home improvement retailer's stock after selling 1,222 shares during the period. Home Depot makes up about 1.7% of Meyer Handelman Co.'s portfolio, making the stock its 13th biggest position. Meyer Handelman Co.'s holdings in Home Depot were worth $50,392,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Legacy Investment Solutions LLC acquired a new position in Home Depot in the third quarter valued at approximately $41,000. Livelsberger Financial Advisory acquired a new position in shares of Home Depot in the 3rd quarter valued at $46,000. Strategic Investment Solutions Inc. IL purchased a new stake in Home Depot during the second quarter worth $47,000. Quarry LP grew its position in Home Depot by 36.0% during the second quarter. Quarry LP now owns 136 shares of the home improvement retailer's stock valued at $47,000 after buying an additional 36 shares during the period. Finally, Semmax Financial Advisors Inc. increased its holdings in Home Depot by 111.3% in the second quarter. Semmax Financial Advisors Inc. now owns 150 shares of the home improvement retailer's stock valued at $53,000 after buying an additional 79 shares in the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the sale, the executive vice president now owns 77,475 shares of the company's stock, valued at $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm's stock in a transaction on Thursday, November 14th. The stock was 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 of the company's stock, valued at approximately $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock valued at $15,624,585 in the last quarter. Insiders own 0.10% of the company's stock.

Home Depot Trading Up 0.8 %

Home Depot stock traded up $3.12 during midday trading on Thursday, hitting $409.21. 2,300,973 shares of the stock were exchanged, compared to its average volume of 3,217,496. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The stock's 50-day simple moving average is $406.24 and its 200 day simple moving average is $386.78. The Home Depot, Inc. has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The stock has a market capitalization of $406.50 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 4.11 and a beta of 1.05.

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

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a $2.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.20%. Home Depot's dividend payout ratio is currently 61.14%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Bank of America increased their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Barclays raised their price objective on Home Depot from $372.00 to $420.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Telsey Advisory Group upgraded Home Depot from a "market perform" rating to an "outperform" rating and increased their target price for the company from $360.00 to $455.00 in a research report on Friday, November 8th. Morgan Stanley boosted their price target on shares of Home Depot from $380.00 to $450.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Finally, Loop Capital raised shares of Home Depot from a "hold" rating to a "buy" rating and increased their price objective for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. 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 MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and an average target price of $426.00.

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.