Fifth Third Bancorp Sells 142,057 Shares of The Home Depot, Inc. $HD

Key Points

• Fifth Third Bancorp reduced its Home Depot stake by 10.2% in the third quarter, selling 142,057 shares. It retained 1,249,075 shares valued at about $355.3 million.
• Analyst sentiment remains broadly positive: Home Depot has a consensus “Moderate Buy” rating and an average price target of $375.90, though some analysts maintain Hold or sector-weight ratings.
• Home Depot beat quarterly estimates, reporting EPS of $4.92 and revenue of $47.86 billion; revenue rose 5.7% year over year. The company’s annualized dividend is $9.32 per share, yielding about 2.7%.

Fifth Third Bancorp cut its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 10.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,249,075 shares of the home improvement retailer's stock after selling 142,057 shares during the period. Fifth Third Bancorp owned approximately 0.13% of Home Depot worth $355,349,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Zeit Capital LLC bought a new position in Home Depot during the second quarter worth about $26,000. Principia Wealth Advisory LLC grew its position in shares of Home Depot by 60.4% during the 2nd quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer's stock worth $30,000 after buying an additional 32 shares during the period. Navigoe LLC bought a new stake in shares of Home Depot in the 2nd quarter valued at about $32,000. Gould Capital LLC increased its stake in shares of Home Depot by 58.7% in the 1st quarter. Gould Capital LLC now owns 100 shares of the home improvement retailer's stock valued at $33,000 after acquiring an additional 37 shares during the last quarter. Finally, Next Level Wealth Planning LLC bought a new stake in shares of Home Depot in the 3rd quarter valued at about $28,000. Institutional investors own 70.86% of the company's stock.

Analyst Ratings Changes

HD has been the topic of several recent analyst reports. Sanford C. Bernstein lifted their price objective on shares of Home Depot from $344.00 to $357.00 and gave the stock a "market perform" rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of Home Depot from $396.00 to $400.00 and gave the company an "overweight" rating in a report on Monday. Truist Financial upped their target price on shares of Home Depot from $369.00 to $373.00 and gave the company a "buy" rating in a research note on Wednesday, August 19th. KeyCorp reiterated a "sector weight" rating on shares of Home Depot in a report on Wednesday, August 19th. Finally, TD Cowen reissued a "buy" rating on shares of Home Depot in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Home Depot has an average rating of "Moderate Buy" and a consensus target price of $375.90.

Home Depot Stock Up 0.1%

Shares of Home Depot stock opened at $351.36 on Thursday. The Home Depot, Inc. has a 1 year low of $277.15 and a 1 year high of $397.63. The business has a 50-day moving average of $310.98 and a two-hundred day moving average of $333.61. The company has a market capitalization of $350.55 billion, a P/E ratio of 24.59, a price-to-earnings-growth ratio of 2.50 and a beta of 0.93. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, beating the consensus estimate of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The business had revenue of $47.86 billion for the quarter, compared to analysts' expectations of $47.24 billion. During the same quarter in the previous year, the business posted $4.68 EPS. Home Depot's revenue for the quarter was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were paid a $2.33 dividend. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a yield of 2.7%. Home Depot's payout ratio is presently 65.22%.

Insider Activity at Home Depot

In other news, EVP Teresa Roseborough sold 2,455 shares of the company's stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $328.77, for a total value of $807,130.35. Following the completion of the transaction, the executive vice president owned 14,061 shares in the company, valued at $4,622,834.97. This represents a 14.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard McPhail sold 5,989 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the sale, the chief financial officer directly owned 48,104 shares of the company's stock, valued at $16,759,433.60. This represents a 11.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 9,829 shares of company stock worth $3,339,314. Corporate insiders own 0.08% of the company's stock.

Home Depot News Summary

These are some of the HD news items that stood out recently:

• Positive Sentiment: Bank of America Securities maintained its Buy rating on HD, signaling continued confidence in the shares. Bank of America Securities Sticks to Their Buy Rating for Home Depot
• Positive Sentiment: Recent comparable-sales growth of 1.7%, strong professional-customer demand and digital gains point to resilience despite uneven demand. Wall Street is also expecting earnings growth, with one preview citing factors that could support an earnings beat. Can Home Depot Sustain Comparable Sales Growth Amid Uneven Demand? Home Depot Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Elevated mortgage rates, sluggish housing activity and weak customer transactions cloud the sales outlook; an earnings analysis argues transactions need to turn positive to sustain the investment case. Comparable-sales outlook Home Depot: Hold Into Q3 Earnings, Transactions Must Turn Positive

About Home Depot

The Home Depot, Inc. is a home improvement retailer serving do-it-yourself customers, professional contractors and other businesses. The company sells building materials, tools, hardware, appliances, paint, flooring, and products for home maintenance, repair and renovation, as well as lawn and garden supplies. In addition to its retail stores and online channels, Home Depot offers services such as product delivery, equipment rental and home improvement installation. The company was founded in 1978 and is headquartered in Atlanta, Georgia.

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