Rockefeller Capital Management L.P. Raises Position in The Home Depot, Inc. $HD

Rockefeller Capital Management L.P. grew its stake in The Home Depot, Inc. (NYSE:HD) by 19.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 934,312 shares of the home improvement retailer’s stock after purchasing an additional 148,875 shares during the period. Home Depot makes up about 0.6% of Rockefeller Capital Management L.P.’s portfolio, making the stock its 23rd biggest position. Rockefeller Capital Management L.P. owned about 0.09% of Home Depot worth $321,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of HD. Parvin Asset Management LLC raised its holdings in Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 33 shares during the period. Advocate Investing Services LLC purchased a new position in Home Depot during the fourth quarter worth $25,000. Key Capital Management INC bought a new position in Home Depot during the fourth quarter valued at $28,000. Imprint Wealth LLC bought a new position in Home Depot during the third quarter valued at $34,000. Finally, Abound Financial LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HD shares. JPMorgan Chase & Co. lowered their target price on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. BNP Paribas Exane reduced their price objective on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. Sanford C. Bernstein restated a “market perform” rating and set a $346.00 target price on shares of Home Depot in a research report on Wednesday, May 20th. Truist Financial cut their target price on Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Finally, TD Cowen reduced their price target on Home Depot from $450.00 to $375.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Nineteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Trading Up 0.1%

HD stock opened at $334.72 on Monday. The company has a market capitalization of $333.75 billion, a PE ratio of 23.77, a P/E/G ratio of 3.86 and a beta of 0.97. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The firm’s 50-day moving average is $323.24 and its 200 day moving average is $346.31. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.02. The company had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued a $2.33 dividend. The ex-dividend date was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. Home Depot’s payout ratio is presently 66.19%.

Home Depot Company 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.