Rogco LP Has $2.89 Million Position in The Home Depot, Inc. (NYSE:HD)

Rogco LP grew its stake in The Home Depot, Inc. (NYSE:HD) by 0.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,138 shares of the home improvement retailer’s stock after purchasing an additional 43 shares during the period. Home Depot comprises approximately 1.1% of Rogco LP’s investment portfolio, making the stock its 19th largest position. Rogco LP’s holdings in Home Depot were worth $2,892,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Fairway Wealth LLC bought a new position in Home Depot in the 2nd quarter valued at approximately $25,000. Kings Path Partners LLC bought a new position in Home Depot in the 2nd quarter valued at approximately $33,000. Denver PWM LLC bought a new position in Home Depot in the 2nd quarter valued at approximately $40,000. Livelsberger Financial Advisory bought a new position in Home Depot in the 3rd quarter valued at approximately $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in Home Depot in the 2nd quarter valued at approximately $47,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HD shares. Piper Sandler raised their price objective on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a report on Monday, September 30th. DA Davidson raised their price objective on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday. UBS Group raised their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target for the company in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada lowered their price target on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $412.00.

Home Depot Price Performance

HD opened at $398.97 on Friday. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The company has a market capitalization of $396.29 billion, a price-to-earnings ratio of 26.85, a P/E/G ratio of 2.78 and a beta of 1.00. The firm’s fifty day moving average price is $389.08 and its two-hundred day moving average price is $359.73. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $421.56.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company posted $4.65 earnings per share. As a group, analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.26%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is 60.57%.

About Home Depot

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.