The Home Depot, Inc. (NYSE:HD) Shares Bought by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD) by 6.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,079 shares of the home improvement retailer’s stock after acquiring an additional 605 shares during the quarter. Home Depot comprises 0.6% of Fifth Third Wealth Advisors LLC’s portfolio, making the stock its 23rd biggest position. Fifth Third Wealth Advisors LLC’s holdings in Home Depot were worth $3,866,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bey Douglas LLC purchased a new stake in shares of Home Depot in the fourth quarter worth about $913,000. Hartline Investment Corp boosted its position in shares of Home Depot by 3.0% in the fourth quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer’s stock worth $5,397,000 after buying an additional 460 shares during the period. Wolf Group Capital Advisors boosted its position in shares of Home Depot by 6.1% in the fourth quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock worth $2,604,000 after buying an additional 430 shares during the period. Alliance Wealth Management Group purchased a new stake in shares of Home Depot in the fourth quarter worth about $253,000. Finally, Zullo Investment Group Inc. boosted its position in shares of Home Depot by 6.6% in the fourth quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock worth $2,826,000 after buying an additional 504 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Performance

Shares of Home Depot stock traded up $2.75 on Friday, reaching $344.24. 4,333,300 shares of the company were exchanged, compared to its average volume of 3,450,608. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The company’s 50-day moving average is $338.15 and its two-hundred day moving average is $352.59. The firm has a market cap of $341.35 billion, a price-to-earnings ratio of 23.11, a P/E/G ratio of 2.36 and a beta of 1.00. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. The business had revenue of $36.42 billion for the quarter, compared to analysts’ expectations of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $3.82 EPS. As a group, research analysts expect that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.61%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio is currently 60.36%.

Wall Street Analysts Forecast Growth

HD has been the subject of several analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research report on Tuesday, May 14th. Truist Financial reduced their price target on Home Depot from $417.00 to $406.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Guggenheim reissued a “buy” rating and issued a $390.00 price target on shares of Home Depot in a report on Friday, April 5th. Mizuho initiated coverage on Home Depot in a report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price target for the company. Finally, Wedbush reissued an “outperform” rating and issued a $410.00 price target on shares of Home Depot in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $378.42.

Insider Activity at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the sale, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by insiders.

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.