Fifth Third Bancorp Sells 26,566 Shares of The Home Depot, Inc. $HD

Fifth Third Bancorp trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 915,904 shares of the home improvement retailer’s stock after selling 26,566 shares during the period. Home Depot makes up about 1.0% of Fifth Third Bancorp’s investment portfolio, making the stock its 17th biggest position. Fifth Third Bancorp’s holdings in Home Depot were worth $315,163,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Home Depot by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock worth $34,284,672,000 after buying an additional 1,325,748 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Home Depot by 0.3% in the 3rd quarter. Capital Research Global Investors now owns 11,400,133 shares of the home improvement retailer’s stock valued at $4,619,229,000 after buying an additional 30,739 shares during the period. Wellington Management Group LLP increased its stake in shares of Home Depot by 60.8% in the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock valued at $4,109,878,000 after buying an additional 3,836,051 shares during the period. Fisher Asset Management LLC raised its position in shares of Home Depot by 2.0% during the third quarter. Fisher Asset Management LLC now owns 10,130,293 shares of the home improvement retailer’s stock worth $4,104,694,000 after acquiring an additional 197,211 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Home Depot by 1.9% during the third quarter. Legal & General Group Plc now owns 6,181,165 shares of the home improvement retailer’s stock valued at $2,504,546,000 after acquiring an additional 116,875 shares during the period. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Up 2.0%

NYSE:HD opened at $329.22 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62. The Home Depot, Inc. has a 1-year low of $315.31 and a 1-year high of $426.75. The firm has a market capitalization of $327.92 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 3.53 and a beta of 1.09. The business’s 50-day moving average price is $343.27 and its two-hundred day moving average price is $359.36.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.20. The company had revenue of $38.20 billion during the quarter, compared to analyst estimates of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 15.03 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were issued a dividend of $2.33 per share. This is an increase from Home Depot’s previous quarterly dividend of $2.30. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Thursday, March 12th. Home Depot’s dividend payout ratio is presently 65.50%.

Insider Buying and Selling

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total value of $940,669.50. Following the sale, the chief financial officer directly owned 44,566 shares in the company, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on HD. Morgan Stanley raised their price target on Home Depot from $412.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday. Gordon Haskett upped their target price on shares of Home Depot from $330.00 to $370.00 and gave the company a “hold” rating in a research report on Wednesday, February 11th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $435.00 target price on shares of Home Depot in a research note on Wednesday, March 25th. Royal Bank Of Canada lifted their price target on shares of Home Depot from $363.00 to $377.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 25th. Finally, Wells Fargo & Company increased their price objective on shares of Home Depot from $395.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Twenty analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $414.17.

About Home Depot

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.