Fifth Third Bancorp lessened its position in The Home Depot, Inc. (NYSE:HD – Free Report) by 10.2% during the third quarter, Holdings Channel reports. The institutional investor owned 1,249,075 shares of the home improvement retailer’s stock after selling 142,057 shares during the quarter. Fifth Third Bancorp’s holdings in Home Depot were worth $355,349,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Winning Points Advisors LLC grew its stake in shares of Home Depot by 1.0% during the 2nd quarter. Winning Points Advisors LLC now owns 2,891 shares of the home improvement retailer’s stock worth $1,020,000 after acquiring an additional 30 shares in the last quarter. Beaird Harris Wealth Management LLC raised its holdings in shares of Home Depot by 1.6% in the second quarter. Beaird Harris Wealth Management LLC now owns 1,945 shares of the home improvement retailer’s stock valued at $686,000 after purchasing an additional 31 shares during the last quarter. Family Capital Management Inc. lifted its position in shares of Home Depot by 3.4% in the third quarter. Family Capital Management Inc. now owns 949 shares of the home improvement retailer’s stock worth $270,000 after purchasing an additional 31 shares in the last quarter. Poehling Capital Management INC. lifted its position in shares of Home Depot by 3.1% in the second quarter. Poehling Capital Management INC. now owns 1,054 shares of the home improvement retailer’s stock worth $372,000 after purchasing an additional 32 shares in the last quarter. Finally, Cornerstone Wealth Management LLC lifted its position in shares of Home Depot by 0.3% in the second quarter. Cornerstone Wealth Management LLC now owns 11,140 shares of the home improvement retailer’s stock worth $3,929,000 after purchasing an additional 32 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.
Home Depot Stock Up 0.1%
NYSE:HD opened at $351.36 on Thursday. The firm has a market capitalization of $350.55 billion, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 2.50 and a beta of 0.93. The Home Depot, Inc. has a twelve month low of $277.15 and a twelve month high of $397.63. The stock’s 50 day moving average price is $310.98 and its two-hundred day moving average price is $333.61. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64.
Home Depot (NYSE:HD – Get Free Report) last announced its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.73 by $0.19. The company had revenue of $47.86 billion for the quarter, compared to analysts’ expectations of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities research analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.
Home Depot Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were issued a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Thursday, September 3rd. Home Depot’s payout ratio is presently 65.22%.
Top Home Depot Stories
These are some of the HD stories that stood out recently:
- 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
- Negative Sentiment: HD is facing technical pressure ahead of earnings, which could weigh on the shares in the near term, particularly if results or guidance disappoint. Home Depot Stock Running into Technical Pressure Before Earnings
Analysts Set New Price Targets
Several brokerages recently commented on HD. Stifel Nicolaus reduced their target price on shares of Home Depot from $346.00 to $322.00 and set a “hold” rating for the company in a report on Monday, October 26th. Guggenheim reiterated a “buy” rating and issued a $425.00 price target on shares of Home Depot in a research note on Wednesday, August 19th. Mizuho lifted their price target on shares of Home Depot from $385.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. UBS Group reissued a “buy” rating on shares of Home Depot in a research report on Thursday, September 17th. Finally, DA Davidson restated a “buy” rating and set a $377.00 price objective on shares of Home Depot in a research note on Wednesday, August 19th. 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 assigned a Sell rating to the stock. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $375.90.
Get Our Latest Stock Report on HD
Insider Activity
In other Home Depot news, CFO Richard McPhail sold 5,989 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were 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 approximately $16,759,433.60. This represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Teresa Roseborough sold 2,455 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $328.77, for a total transaction of $807,130.35. Following the completion of the sale, the executive vice president owned 14,061 shares of the company’s stock, valued at approximately $4,622,834.97. This represents a 14.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 9,829 shares of company stock valued at $3,339,314. 0.08% of the stock is owned by insiders.
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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