Meyer Handelman Co. Sells 5,425 Shares of The Home Depot, Inc. $HD

Meyer Handelman Co. trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 4.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,286 shares of the home improvement retailer’s stock after selling 5,425 shares during the quarter. Home Depot accounts for approximately 1.5% of Meyer Handelman Co.’s investment portfolio, making the stock its 16th largest holding. Meyer Handelman Co.’s holdings in Home Depot were worth $47,928,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in HD. Legend Financial Advisors Inc. purchased a new position in Home Depot in the 2nd quarter worth about $28,000. Sagard Holdings Management Inc. purchased a new stake in Home Depot in the 2nd quarter valued at about $29,000. LFA Lugano Financial Advisors SA bought a new position in Home Depot in the 2nd quarter worth about $32,000. Legacy Investment Solutions LLC purchased a new position in shares of Home Depot during the second quarter worth approximately $35,000. Finally, Dougherty Wealth Advisers LLC purchased a new position in shares of Home Depot during the third quarter worth approximately $38,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Up 0.7%

HD opened at $349.70 on Monday. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82. The firm has a market cap of $348.13 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 13.03 and a beta of 1.06. The Home Depot, Inc. has a 12 month low of $326.31 and a 12 month high of $426.75. The stock has a fifty day moving average price of $361.42 and a 200-day moving average price of $378.13.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.83 by ($0.09). The company had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. Home Depot’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, equities research 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 disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Thursday, December 4th. Home Depot’s payout ratio is 62.71%.

Insider Buying and Selling

In other news, EVP Ann Marie Campbell sold 145 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total transaction of $51,947.70. Following the transaction, the executive vice president directly owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. This represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Angie Brown sold 1,946 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $357.63, for a total value of $695,947.98. Following the completion of the sale, the executive vice president directly owned 3,941 shares of the company’s stock, valued at $1,409,419.83. The trade was a 33.06% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the topic of several research analyst reports. DA Davidson dropped their price objective on Home Depot from $430.00 to $407.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $362.00 target price on shares of Home Depot in a research report on Monday, November 24th. Gordon Haskett lowered their target price on Home Depot from $345.00 to $330.00 and set a “hold” rating for the company in a report on Wednesday, November 19th. Stifel Nicolaus dropped their price target on Home Depot from $370.00 to $350.00 and set a “hold” rating on the stock in a research report on Monday, December 1st. Finally, Argus decreased their price objective on Home Depot from $450.00 to $425.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $402.10.

Home Depot Profile

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.