Rockefeller Capital Management L.P. Purchases 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% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 620,673 shares of the home improvement retailer’s stock after buying an additional 14,252 shares during the quarter. Home Depot accounts for approximately 0.7% of Rockefeller Capital Management L.P.’s investment portfolio, making the stock its 20th biggest holding. Rockefeller Capital Management L.P.’s holdings in Home Depot were worth $251,444,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fairway Wealth LLC purchased a new position in Home Depot in the second quarter valued at about $25,000. Kings Path Partners LLC purchased a new position in Home Depot in the second quarter valued at approximately $33,000. Denver PWM LLC bought a new position in Home Depot during the second quarter valued at $40,000. Livelsberger Financial Advisory purchased a new stake in Home Depot in the third quarter worth $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Home Depot in the second quarter valued at $47,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insiders Place Their Bets

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the transaction, the executive vice president now owns 12,465 shares in the company, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the transaction, the executive vice president now owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,188 shares of company stock worth $15,624,585. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Barclays increased their price target on Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Royal Bank of Canada upped their price target on shares of Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Mizuho raised their price objective on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. DA Davidson increased their target price on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company lifted their price target on Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. One investment 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $426.00.

Home Depot Price Performance

Shares of NYSE:HD opened at $427.19 on Friday. The stock has a market cap of $424.35 billion, a PE ratio of 29.02, a PEG ratio of 2.97 and a beta of 1.01. The Home Depot, Inc. has a 52 week low of $308.59 and a 52 week high of $439.37. The company’s fifty day moving average is $406.69 and its 200 day moving average is $371.20. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (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 firm had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. During the same quarter last year, the business earned $3.81 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. Research analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot’s payout ratio is 61.14%.

Home Depot 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.