The Home Depot, Inc. (NYSE:HD) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp cut its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 1.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 938,640 shares of the home improvement retailer's stock after selling 11,207 shares during the period. Home Depot comprises about 1.4% of Fifth Third Bancorp's holdings, making the stock its 12th largest position. Fifth Third Bancorp owned about 0.09% of Home Depot worth $360,062,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in HD. Bare Financial Services Inc purchased a new stake in Home Depot during the 4th quarter worth about $26,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Home Depot during the fourth quarter worth about $27,000. Keener Financial Planning LLC acquired a new position in shares of Home Depot in the fourth quarter valued at approximately $31,000. PFG Private Wealth Management LLC lifted its stake in shares of Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer's stock valued at $32,000 after buying an additional 32 shares during the period. Finally, Gilfoyle & Co LLC acquired a new stake in Home Depot during the fourth quarter worth approximately $35,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares of the company's stock, valued at approximately $39,712,878.53. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the firm's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the transaction, the executive vice president now owns 75,799 shares of the company's stock, valued at $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the transaction, the chief executive officer now owns 107,731 shares of the company's stock, valued at $39,712,878.53. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HD shares. TD Cowen increased their price target on Home Depot from $415.00 to $440.00 and gave the stock an "outperform" rating in a research note on Monday, March 4th. Royal Bank of Canada raised their price target on Home Depot from $299.00 to $377.00 and gave the stock a "sector perform" rating in a research note on Monday, February 26th. Piper Sandler raised shares of Home Depot from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $311.00 to $400.00 in a research note on Tuesday, January 16th. Robert W. Baird reissued an "outperform" rating and issued a $370.00 target price on shares of Home Depot in a research report on Wednesday, February 14th. Finally, Wells Fargo & Company upped their price target on shares of Home Depot from $385.00 to $400.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $375.96.

Home Depot Stock Up 1.1 %

HD traded up $3.56 on Thursday, reaching $335.53. The company's stock had a trading volume of 3,125,655 shares, compared to its average volume of 3,339,916. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The business's 50 day moving average is $362.33 and its 200 day moving average is $341.76. The stock has a market cap of $332.52 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 2.23 and a beta of 1.01.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating the consensus estimate of $2.77 by $0.05. The company had revenue of $34.79 billion during the quarter, compared to analysts' expectations of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business's revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $3.30 EPS. As a group, research analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date was Wednesday, March 6th. This is a positive change from Home Depot's previous quarterly dividend of $2.09. Home Depot's dividend payout ratio is 59.60%.

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.

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