Fifth Third Wealth Advisors LLC grew its position in The Home Depot, Inc. (NYSE:HD - Free Report) by 10.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,395 shares of the home improvement retailer's stock after purchasing an additional 3,515 shares during the period. Home Depot makes up 0.8% of Fifth Third Wealth Advisors LLC's holdings, making the stock its 21st largest position. Fifth Third Wealth Advisors LLC's holdings in Home Depot were worth $14,157,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in Home Depot during the third quarter valued at $41,000. Livelsberger Financial Advisory purchased a new position in shares of Home Depot during the 3rd quarter valued at about $46,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Home Depot in the 2nd quarter valued at about $47,000. Quarry LP boosted its stake in shares of Home Depot by 36.0% in the second quarter. Quarry LP now owns 136 shares of the home improvement retailer's stock worth $47,000 after buying an additional 36 shares during the last quarter. Finally, Semmax Financial Advisors Inc. grew its holdings in Home Depot by 111.3% during the second quarter. Semmax Financial Advisors Inc. now owns 150 shares of the home improvement retailer's stock worth $53,000 after acquiring an additional 79 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on the company. Melius Research began coverage on Home Depot in a report on Monday, September 23rd. They issued a "buy" rating and a $420.00 price target for the company. Oppenheimer boosted their target price on shares of Home Depot from $345.00 to $400.00 and gave the company a "market perform" rating in a research note on Tuesday, September 24th. Telsey Advisory Group upgraded shares of Home Depot from a "market perform" rating to an "outperform" rating and raised their price target for the company from $360.00 to $455.00 in a research report on Friday, November 8th. Truist Financial upped their price objective on shares of Home Depot from $459.00 to $465.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada increased their target price on shares of Home Depot from $363.00 to $413.00 and gave the stock a "sector perform" rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $426.00.
Read Our Latest Stock Analysis on Home Depot
HD stock opened at $405.99 on Thursday. The company has a market cap of $403.30 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 4.11 and a beta of 1.05. The firm has a 50-day moving average of $405.88 and a two-hundred day moving average of $386.65. The Home Depot, Inc. has a 12 month low of $323.77 and a 12 month high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.
Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating the consensus estimate of $3.64 by $0.14. The firm had revenue of $40.22 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.81 earnings per share. As a group, analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.22%. Home Depot's payout ratio is 61.14%.
In other news, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the sale, the executive vice president now owns 77,475 shares of the company's stock, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the transaction, the executive vice president now owns 12,465 shares of the company's stock, valued at $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is owned by company insiders.
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.
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