Fifth Third Wealth Advisors LLC Acquires 3,293 Shares of The Home Depot, Inc. (NYSE:HD)

Fifth Third Wealth Advisors LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 9.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,688 shares of the home improvement retailer's stock after purchasing an additional 3,293 shares during the quarter. Home Depot accounts for about 0.8% of Fifth Third Wealth Advisors LLC's investment portfolio, making the stock its 20th largest holding. Fifth Third Wealth Advisors LLC's holdings in Home Depot were worth $14,545,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Group Ltd. increased its holdings in shares of Home Depot by 5.0% in the 4th quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock valued at $219,000 after purchasing an additional 27 shares during the period. Tallon Kerry Patrick bought a new stake in shares of Home Depot in the fourth quarter valued at approximately $281,000. Capital & Planning LLC grew its stake in shares of Home Depot by 110.2% in the fourth quarter. Capital & Planning LLC now owns 1,074 shares of the home improvement retailer's stock worth $418,000 after acquiring an additional 563 shares during the last quarter. Ironwood Wealth Management LLC. raised its holdings in Home Depot by 0.7% in the 4th quarter. Ironwood Wealth Management LLC. now owns 4,537 shares of the home improvement retailer's stock valued at $1,765,000 after acquiring an additional 32 shares in the last quarter. Finally, Brighton Jones LLC lifted its holdings in shares of Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock valued at $10,471,000 after acquiring an additional 7,203 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Activity

In related news, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total transaction of $954,564.00. Following the sale, the executive vice president now directly owns 7,951 shares in the company, valued at $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the company's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the sale, the executive vice president now directly owns 17,367 shares in the company, valued at approximately $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HD shares. JPMorgan Chase & Co. increased their target price on shares of Home Depot from $410.00 to $418.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Guggenheim reiterated a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research report on Wednesday, May 21st. Wedbush reiterated an "outperform" rating and issued a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Jefferies Financial Group reduced their price target on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Finally, HSBC raised Home Depot from a "reduce" rating to a "hold" rating and lifted their price objective for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $426.77.

Home Depot Stock Performance

NYSE:HD traded up $5.41 on Tuesday, reaching $373.37. 3,355,699 shares of the company's stock were exchanged, compared to its average volume of 3,421,042. The firm has a market cap of $371.48 billion, a price-to-earnings ratio of 25.37, a P/E/G ratio of 4.03 and a beta of 1.05. The stock has a fifty day simple moving average of $361.04 and a 200-day simple moving average of $385.45. The Home Depot, Inc. has a 52 week low of $323.93 and a 52 week high of $439.37. 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 issued its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. During the same period in the previous year, the firm posted $3.63 EPS. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be paid a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Thursday, June 5th. Home Depot's dividend payout ratio is presently 62.42%.

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.