Meiji Yasuda Asset Management Co Ltd. Decreases Holdings in The Home Depot, Inc. $HD

Meiji Yasuda Asset Management Co Ltd. lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 41,257 shares of the home improvement retailer’s stock after selling 1,860 shares during the period. Home Depot makes up approximately 0.7% of Meiji Yasuda Asset Management Co Ltd.’s holdings, making the stock its 28th largest holding. Meiji Yasuda Asset Management Co Ltd.’s holdings in Home Depot were worth $14,197,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Signature Estate & Investment Advisors LLC raised its position in Home Depot by 1.8% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 3,243 shares of the home improvement retailer’s stock worth $1,116,000 after purchasing an additional 57 shares during the period. Commonwealth Financial Services LLC lifted its stake in Home Depot by 4.6% in the fourth quarter. Commonwealth Financial Services LLC now owns 2,122 shares of the home improvement retailer’s stock worth $730,000 after purchasing an additional 94 shares during the last quarter. Heritage Investors Management Corp lifted its stake in Home Depot by 1.8% in the fourth quarter. Heritage Investors Management Corp now owns 139,930 shares of the home improvement retailer’s stock worth $48,150,000 after purchasing an additional 2,472 shares during the last quarter. Goldenstone Wealth Management LLC bought a new stake in Home Depot in the fourth quarter worth about $879,000. Finally, Blackston Financial Advisory Group LLC lifted its stake in Home Depot by 4.2% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 2,005 shares of the home improvement retailer’s stock worth $690,000 after purchasing an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Home Depot stock opened at $313.73 on Friday. The company has a 50 day moving average price of $327.69 and a 200-day moving average price of $352.09. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.26 and a current ratio of 1.04. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The company has a market capitalization of $312.48 billion, a PE ratio of 22.28, a P/E/G ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The firm had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. During the same quarter in the previous year, the firm posted $3.56 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts forecast that The Home Depot, Inc. will post 14.99 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Thursday, June 4th. Home Depot’s payout ratio is presently 65.50%.

More Home Depot News

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

• Positive Sentiment: The Home Depot declared a quarterly cash dividend of $2.33 per share, reinforcing its shareholder-return profile. The Home Depot Declares Quarterly Dividend of $2.33
• Positive Sentiment: Argus cut its price target on Home Depot but kept a Buy rating, implying meaningful upside remains if housing and remodeling demand improve. Argus adjusts price target on Home Depot
• Positive Sentiment: Home Depot’s Q1 results topped estimates and management reaffirmed fiscal 2026 guidance, showing the business is still growing despite a tougher environment. Home Depot Reports Strong Q1 Results
• Neutral Sentiment: Home Depot Foundation’s $5.5 million disaster-preparedness grant program is positive for the brand but is unlikely to have a major near-term earnings impact. The Home Depot Foundation Invests $5.5M
• Negative Sentiment: Multiple analysts reduced price targets after Q1, signaling a more cautious view on valuation and near-term growth prospects. These Analysts Cut Their Forecasts On Home Depot After Q1 Results
• Negative Sentiment: Commentary around Q1 results highlights modest same-store sales, deferred big-ticket remodels, and cost growth outpacing revenue, all of which weigh on the stock. Home Depot Q1 profit falls as cost growth outpaces revenue

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Evercore decreased their price objective on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday. Stifel Nicolaus decreased their price objective on shares of Home Depot from $375.00 to $320.00 and set a “hold” rating for the company in a research note on Monday. HSBC decreased their target price on Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a research report on Wednesday. Wall Street Zen upgraded Home Depot from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, Bank of America began coverage on Home Depot in a research report on Tuesday, May 5th. They set a “buy” rating and a $374.00 target price for the company. Twenty equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $371.39.

Insider Buying and Selling at Home Depot

In related news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total value of $940,669.50. Following the completion of the sale, the chief financial officer directly owned 44,566 shares in the company, valued at $16,439,951.74. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.08% of the stock is owned by insiders.

About Home Depot

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.