Fifth Third Wealth Advisors LLC Has $13.32 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Fifth Third Wealth Advisors LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 54.3% in the third quarter, Holdings Channel.com reports. The firm owned 32,880 shares of the home improvement retailer’s stock after buying an additional 11,572 shares during the quarter. Home Depot comprises approximately 0.8% of Fifth Third Wealth Advisors LLC’s investment portfolio, making the stock its 17th biggest position. Fifth Third Wealth Advisors LLC’s holdings in Home Depot were worth $13,323,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Fairway Wealth LLC purchased a new stake in Home Depot during the second quarter worth about $25,000. Kings Path Partners LLC purchased a new position in shares of Home Depot in the second quarter worth $33,000. Denver PWM LLC purchased a new position in Home Depot during the 2nd quarter valued at $40,000. Livelsberger Financial Advisory purchased a new stake in shares of Home Depot in the 3rd quarter worth about $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in Home Depot in the 2nd quarter worth about $47,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on HD shares. Oppenheimer upped 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. Wells Fargo & Company increased their target price on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Guggenheim increased their target price on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, October 4th. UBS Group increased their price objective 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. Finally, Bank of America increased their price objective 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. One investment 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 MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Stock Performance

Shares of NYSE:HD opened at $410.44 on Tuesday. The firm has a market capitalization of $407.69 billion, a PE ratio of 27.88, a P/E/G ratio of 2.84 and a beta of 1.01. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The business has a 50-day moving average of $400.41 and a two-hundred day moving average of $367.33. The Home Depot, Inc. has a 12 month low of $302.34 and a 12 month high of $421.56.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter in the prior year, the business posted $3.81 earnings per share. Home Depot’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, research analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.19%. The ex-dividend date is Wednesday, November 27th. Home Depot’s dividend payout ratio is currently 61.14%.

Insider Activity at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction on 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 directly owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is owned by insiders.

Home Depot 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.