Rockefeller Financial Services Inc. raised its stake in The Home Depot (NYSE:HD) by 99.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 158,450 shares of the home improvement retailer’s stock after acquiring an additional 79,038 shares during the quarter. Rockefeller Financial Services Inc.’s holdings in The Home Depot were worth $30,031,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Jacobi Capital Management LLC increased its holdings in shares of The Home Depot by 16.4% during the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock worth $108,000 after purchasing an additional 101 shares during the period. Denali Advisors LLC bought a new position in shares of The Home Depot during the fourth quarter worth approximately $133,000. Burt Wealth Advisors increased its holdings in shares of The Home Depot by 83.5% during the third quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock worth $142,000 after purchasing an additional 396 shares during the period. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of The Home Depot by 63.4% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock worth $145,000 after purchasing an additional 340 shares during the period. Finally, Empire Life Investments Inc. increased its holdings in shares of The Home Depot by 233.4% during the third quarter. Empire Life Investments Inc. now owns 957 shares of the home improvement retailer’s stock worth $157,000 after purchasing an additional 670 shares during the period. 70.69% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently commented on HD. Gabelli began coverage on shares of The Home Depot in a report on Wednesday. They set a “buy” rating and a $206.00 target price on the stock. Loop Capital began coverage on shares of The Home Depot in a report on Thursday, March 1st. They set a “hold” rating and a $187.00 target price on the stock. BMO Capital Markets raised their target price on shares of The Home Depot from $191.00 to $213.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Argus reaffirmed a “buy” rating and set a $215.00 target price (up from $190.00) on shares of The Home Depot in a report on Wednesday, February 21st. Finally, Zacks Investment Research cut shares of The Home Depot from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $194.45.
The Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.07. The Home Depot had a net margin of 8.55% and a return on equity of 306.73%. The firm had revenue of $23.88 billion for the quarter, compared to analyst estimates of $23.65 billion. During the same quarter last year, the business posted $1.44 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. equities analysts anticipate that The Home Depot will post 9.43 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th were given a $1.03 dividend. The ex-dividend date of this dividend was Wednesday, March 7th. This represents a $4.12 dividend on an annualized basis and a yield of 2.38%. This is a positive change from The Home Depot’s previous quarterly dividend of $0.89. The Home Depot’s dividend payout ratio (DPR) is currently 55.23%.
In other The Home Depot news, CEO Craig A. Menear sold 113,687 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $183.79, for a total value of $20,894,533.73. Following the sale, the chief executive officer now owns 237,957 shares in the company, valued at $43,734,117.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Edward P. Decker sold 17,660 shares of The Home Depot stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $187.32, for a total transaction of $3,308,071.20. Following the transaction, the executive vice president now owns 73,815 shares in the company, valued at approximately $13,827,025.80. The disclosure for this sale can be found here. Insiders sold 169,027 shares of company stock worth $31,220,882 in the last 90 days. Company insiders own 0.25% of the company’s stock.
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About The Home Depot
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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