Rockefeller Capital Management L.P. Buys 14,252 Shares of The Home Depot, Inc. (NYSE:HD)

Rockefeller Capital Management L.P. grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 620,673 shares of the home improvement retailer’s stock after acquiring an additional 14,252 shares during the quarter. Home Depot accounts for 0.7% of Rockefeller Capital Management L.P.’s holdings, making the stock its 20th biggest position. Rockefeller Capital Management L.P. owned approximately 0.06% of Home Depot worth $251,444,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HD. Fairway Wealth LLC acquired a new position in shares of Home Depot during the 2nd quarter worth about $25,000. Kings Path Partners LLC bought a new stake in Home Depot in the second quarter valued at approximately $33,000. Denver PWM LLC bought a new position in shares of Home Depot during the 2nd quarter worth approximately $40,000. Livelsberger Financial Advisory acquired a new stake in Home Depot during the 3rd quarter valued at $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in Home Depot during the second quarter worth $47,000. 70.86% of the stock is owned by institutional investors.

Insider Activity at Home Depot

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the transaction, the executive vice president now owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at $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 sold 38,188 shares of company stock valued at $15,624,585 in the last three months. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

HD has been the topic of several research reports. Bank of America upped their target price on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. TD Cowen increased their price objective on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Oppenheimer upped their price target on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. Wells Fargo & Company boosted their price objective on shares of Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. upped their price objective on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Stock Down 0.0 %

Shares of Home Depot stock opened at $427.19 on Friday. The firm has a market cap of $424.35 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 2.97 and a beta of 1.01. The stock’s 50-day moving average is $406.69 and its 200 day moving average is $371.20. 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 Home Depot, Inc. has a one year low of $308.59 and a one year high of $439.37.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS 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 during the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter last year, the firm posted $3.81 EPS. The company’s quarterly revenue was up 6.6% on a year-over-year basis. Equities research analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a $2.25 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.11%. 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.