Fifth Third Wealth Advisors LLC Has $7.34 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Fifth Third Wealth Advisors LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 111.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,308 shares of the home improvement retailer’s stock after buying an additional 11,229 shares during the period. Home Depot comprises 0.6% of Fifth Third Wealth Advisors LLC’s portfolio, making the stock its 25th largest holding. Fifth Third Wealth Advisors LLC’s holdings in Home Depot were worth $7,335,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HD. Ruedi Wealth Management Inc. raised its stake in shares of Home Depot by 1.2% during the second quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer’s stock valued at $817,000 after acquiring an additional 27 shares during the last quarter. Cape Investment Advisory Inc. lifted its stake in Home Depot by 1.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,963 shares of the home improvement retailer’s stock valued at $680,000 after buying an additional 28 shares during the period. Acorn Creek Capital LLC boosted its holdings in shares of Home Depot by 3.4% during the 2nd quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer’s stock worth $291,000 after buying an additional 28 shares in the last quarter. STAR Financial Bank grew its holdings in Home Depot by 0.7% in the fourth quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer’s stock worth $1,367,000 after purchasing an additional 29 shares during the period. Finally, Talisman Wealth Advisors LLC raised its holdings in shares of Home Depot by 1.2% during the first quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer’s stock valued at $915,000 after purchasing an additional 29 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on HD shares. HSBC decreased their target price on Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research report on Wednesday, May 15th. Stifel Nicolaus dropped their price target on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. DA Davidson raised Home Depot from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $352.00 to $395.00 in a research note on Wednesday, June 26th. Raymond James reissued a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $410.00 price objective on shares of Home Depot in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $386.33.

Home Depot Stock Performance

Shares of Home Depot stock traded up $3.17 during trading on Wednesday, hitting $370.44. 4,586,706 shares of the company’s stock traded hands, compared to its average volume of 3,438,939. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The business has a 50-day simple moving average of $352.51 and a 200-day simple moving average of $353.44. The stock has a market capitalization of $367.33 billion, a P/E ratio of 24.85, a PEG ratio of 2.48 and a beta of 0.98. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.08. The company had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the company posted $4.65 earnings per share. As a group, analysts forecast that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be given a $2.25 dividend. The ex-dividend date is Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.43%. Home Depot’s payout ratio is 60.36%.

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.