MidWestOne Financial Group Inc. Acquires 674 Shares of The Home Depot, Inc. (NYSE:HD)

MidWestOne Financial Group Inc. raised its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 7.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,665 shares of the home improvement retailer’s stock after acquiring an additional 674 shares during the quarter. MidWestOne Financial Group Inc.’s holdings in Home Depot were worth $3,327,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Kathmere Capital Management LLC grew its position in shares of Home Depot by 18.3% during the second quarter. Kathmere Capital Management LLC now owns 7,675 shares of the home improvement retailer’s stock valued at $2,642,000 after purchasing an additional 1,188 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc grew its position in Home Depot by 27.6% in the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer’s stock worth $9,348,000 after acquiring an additional 5,879 shares in the last quarter. Raab & Moskowitz Asset Management LLC grew its position in Home Depot by 6.6% in the second quarter. Raab & Moskowitz Asset Management LLC now owns 9,403 shares of the home improvement retailer’s stock worth $3,237,000 after acquiring an additional 583 shares in the last quarter. Alethea Capital Management LLC bought a new stake in Home Depot in the second quarter worth about $396,000. Finally, Beaird Harris Wealth Management LLC lifted its stake in Home Depot by 2.2% in the second quarter. Beaird Harris Wealth Management LLC now owns 1,794 shares of the home improvement retailer’s stock worth $617,000 after purchasing an additional 38 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Performance

Shares of NYSE:HD opened at $399.44 on Friday. The firm has a 50 day moving average of $368.10 and a 200 day moving average of $355.21. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a 52 week low of $274.26 and a 52 week high of $403.54. The company has a market capitalization of $396.09 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00.

Home Depot (NYSE:HD) last released its quarterly 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. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same period in the previous year, the company earned $4.65 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.36%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Loop Capital raised their price objective on shares of Home Depot from $330.00 to $360.00 and gave the stock a “hold” rating in a research note on Tuesday, September 17th. Melius Research assumed coverage on shares of Home Depot in a research note on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective for the company. Evercore ISI decreased their price objective on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Daiwa America raised shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. Finally, Jefferies Financial Group assumed coverage on shares of Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $391.88.

Home Depot Company 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.