Meeder Advisory Services Inc. Makes New Investment in The Home Depot, Inc. $HD

Meeder Advisory Services Inc. acquired a new position in The Home Depot, Inc. (NYSE:HD - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,423 shares of the home improvement retailer's stock, valued at approximately $8,614,000.

Several other institutional investors and hedge funds have also recently modified their holdings of HD. Meeder Asset Management Inc. bought a new stake in shares of Home Depot during the 2nd quarter valued at $76,000. Tiemann Investment Advisors LLC bought a new position in Home Depot in the 2nd quarter worth $962,000. Citizens Financial Group Inc. RI purchased a new stake in Home Depot in the 2nd quarter worth $36,904,000. Texas Capital Bank Wealth Management Services Inc purchased a new stake in Home Depot in the 2nd quarter worth $10,556,000. Finally, Cornerstone Advisors LLC bought a new stake in Home Depot during the second quarter valued at about $20,367,000. 70.86% of the stock is currently owned by institutional investors.

Insider Activity at Home Depot

In related news, CFO Richard V. Mcphail sold 5,989 shares of the firm's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total value of $2,086,567.60. Following the completion of the transaction, the chief financial officer directly owned 48,104 shares of the company's stock, valued at approximately $16,759,433.60. This trade represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on HD shares. Argus restated a "buy" rating and issued a $400.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. UBS Group decreased their target price on Home Depot from $430.00 to $420.00 and set a "buy" rating on the stock in a research note on Wednesday, August 19th. Bank of America started coverage on Home Depot in a report on Tuesday, May 5th. They issued a "buy" rating and a $374.00 price target on the stock. TD Cowen restated a "buy" rating on shares of Home Depot in a research note on Monday, August 10th. Finally, Citigroup cut their price objective on shares of Home Depot from $450.00 to $400.00 and set a "buy" rating for the company in a report on Tuesday, May 12th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $375.54.

Home Depot Trading Up 0.6%

Shares of Home Depot stock opened at $337.54 on Tuesday. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The business has a 50-day moving average price of $341.02 and a 200-day moving average price of $339.89. The firm has a market cap of $336.56 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 3.70 and a beta of 0.95.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping analysts' consensus estimates of $4.73 by $0.19. The company had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The firm's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 14.99 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be given a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, September 3rd. Home Depot's dividend payout ratio is currently 65.22%.

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.

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