26,281 Shares in The Home Depot, Inc. $HD Purchased by MidFirst Bank

Key Points

• MidFirst Bank purchased 26,281 Home Depot shares during the second quarter, valued at approximately $9.27 million. Institutional investors collectively own 70.86% of the company.
• Home Depot exceeded quarterly expectations, reporting $4.92 in EPS and $47.86 billion in revenue; revenue increased 5.7% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $375.54.
• The company declared a quarterly dividend of $2.33 per share, or $9.32 annualized, representing a 2.8% yield. Separately, CFO Richard McPhail sold 5,989 shares worth about $2.09 million.

MidFirst Bank purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 26,281 shares of the home improvement retailer's stock, valued at approximately $9,269,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Curio Wealth LLC boosted its stake in Home Depot by 13.5% during the 4th quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer's stock valued at $76,000 after purchasing an additional 26 shares during the last quarter. Canandaigua National Trust Co of Florida raised its stake in shares of Home Depot by 1.3% in the fourth quarter. Canandaigua National Trust Co of Florida now owns 2,178 shares of the home improvement retailer's stock worth $749,000 after purchasing an additional 27 shares during the last quarter. Moneco Advisors LLC raised its stake in shares of Home Depot by 0.3% in the fourth quarter. Moneco Advisors LLC now owns 8,743 shares of the home improvement retailer's stock worth $3,008,000 after purchasing an additional 27 shares during the last quarter. Noesis Capital Mangement Corp lifted its holdings in shares of Home Depot by 1.5% during the fourth quarter. Noesis Capital Mangement Corp now owns 1,770 shares of the home improvement retailer's stock valued at $609,000 after purchasing an additional 27 shares in the last quarter. Finally, Eubel Brady & Suttman Asset Management Inc. lifted its holdings in shares of Home Depot by 1.3% during the fourth quarter. Eubel Brady & Suttman Asset Management Inc. now owns 2,130 shares of the home improvement retailer's stock valued at $733,000 after purchasing an additional 27 shares in the last quarter. Institutional investors own 70.86% of the company's stock.

Home Depot Trading Up 0.6%

Shares of NYSE:HD opened at $337.54 on Tuesday. The stock has a 50 day moving average of $341.02 and a 200 day moving average of $339.89. The company has a market cap of $336.56 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 3.70 and a beta of 0.95. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, beating the consensus estimate of $4.73 by $0.19. The business had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The company's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities research analysts expect that The Home Depot, Inc. will post 14.99 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be issued a dividend of $2.33 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. Home Depot's dividend payout ratio (DPR) is currently 65.22%.

Wall Street Analyst Weigh In

HD has been the subject of several research analyst reports. Argus reiterated a "buy" rating and issued a $400.00 price objective on shares of Home Depot in a report on Wednesday, August 19th. The Goldman Sachs Group dropped their price target on shares of Home Depot from $409.00 to $390.00 and set a "buy" rating on the stock in a report on Wednesday, May 20th. Truist Financial lifted their price target on shares of Home Depot from $369.00 to $373.00 and gave the stock a "buy" rating in a research note on Wednesday, August 19th. Wolfe Research cut shares of Home Depot from an "outperform" rating to a "peer perform" rating in a report on Tuesday, June 23rd. Finally, BNP Paribas Exane lowered their price objective on shares of Home Depot from $348.00 to $325.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 19th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and an average target price of $375.54.

Insider Activity

In related news, CFO Richard V. Mcphail sold 5,989 shares of Home Depot stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the sale, the chief financial officer owned 48,104 shares of the company's stock, valued at approximately $16,759,433.60. This trade represents a 11.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.08% of the company's stock.

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.

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