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

Fifth Third Wealth Advisors LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 54.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,880 shares of the home improvement retailer's stock after acquiring an additional 11,572 shares during the period. Home Depot makes up about 0.8% of Fifth Third Wealth Advisors LLC's investment portfolio, making the stock its 17th largest holding. Fifth Third Wealth Advisors LLC's holdings in Home Depot were worth $13,323,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new stake in Home Depot in the 2nd quarter worth about $25,000. Kings Path Partners LLC bought a new position in Home Depot in the 2nd quarter valued at about $33,000. Denver PWM LLC bought a new position in Home Depot in the 2nd quarter valued at about $40,000. Livelsberger Financial Advisory bought a new stake in shares of Home Depot during the 3rd quarter valued at approximately $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Home Depot during the 2nd quarter valued at approximately $47,000. Institutional investors own 70.86% of the company's stock.

Home Depot Price Performance

Shares of NYSE HD traded down $1.86 during midday trading on Tuesday, reaching $408.58. 1,477,733 shares of the stock traded hands, compared to its average volume of 3,372,940. The stock has a market capitalization of $405.84 billion, a PE ratio of 27.72, a P/E/G ratio of 2.84 and a beta of 1.01. The company's 50 day moving average is $400.41 and its 200 day moving average is $367.33. The Home Depot, Inc. has a one year low of $302.34 and a one year high of $421.56. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping analysts' consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business's revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.81 earnings per share. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $2.25 per share. The ex-dividend date is Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. Home Depot's dividend payout ratio is currently 61.14%.

Insider Activity at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the sale, the executive vice president now owns 20,404 shares of the company's stock, valued at $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HD shares. Evercore ISI lifted their target price on shares of Home Depot from $420.00 to $430.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Truist Financial increased their target price on shares of Home Depot from $459.00 to $465.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. 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 research note on Friday, October 25th. Bank of America increased their target price on shares of Home Depot from $425.00 to $450.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Finally, UBS Group increased their target price 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and an average target price of $426.00.

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.