Gateway Investment Advisers LLC Reduces Holdings in The Home Depot, Inc. (NYSE:HD)

Gateway Investment Advisers LLC lowered its position in The Home Depot, Inc. (NYSE:HD) by 1.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 258,677 shares of the home improvement retailer’s stock after selling 5,042 shares during the quarter. Home Depot comprises 1.1% of Gateway Investment Advisers LLC’s investment portfolio, making the stock its 15th largest holding. Gateway Investment Advisers LLC’s holdings in Home Depot were worth $100,623,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HD. Cowa LLC boosted its holdings in shares of Home Depot by 2.3% in the second quarter. Cowa LLC now owns 2,630 shares of the home improvement retailer’s stock worth $905,000 after acquiring an additional 60 shares during the period. Intech Investment Management LLC boosted its stake in Home Depot by 19.3% in the 2nd quarter. Intech Investment Management LLC now owns 38,117 shares of the home improvement retailer’s stock worth $13,121,000 after purchasing an additional 6,163 shares during the period. Brighton Jones LLC boosted its stake in Home Depot by 3.4% in the 2nd quarter. Brighton Jones LLC now owns 23,069 shares of the home improvement retailer’s stock worth $7,941,000 after purchasing an additional 748 shares during the period. EMG Holdings L.P. grew its holdings in Home Depot by 205.0% during the 2nd quarter. EMG Holdings L.P. now owns 15,750 shares of the home improvement retailer’s stock valued at $5,422,000 after buying an additional 30,750 shares in the last quarter. Finally, Ieq Capital LLC increased its position in shares of Home Depot by 10.6% during the second quarter. Ieq Capital LLC now owns 83,761 shares of the home improvement retailer’s stock valued at $28,834,000 after buying an additional 8,036 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the sale, the executive vice president now directly owns 20,404 shares in the company, valued at $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,188 shares of company stock valued at $15,624,585. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

HD has been the subject of several recent analyst reports. Evercore ISI boosted their price objective on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Barclays upped their price target on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Piper Sandler lifted their price objective on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. DA Davidson boosted their target price on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus lifted their price target on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Stock Up 0.0 %

NYSE HD opened at $409.42 on Friday. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The stock has a market capitalization of $406.70 billion, a PE ratio of 27.81, a PEG ratio of 4.11 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The business’s 50-day moving average is $406.44 and its 200 day moving average is $386.94.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. The firm had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $3.81 EPS. Sell-side analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were given a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. Home Depot’s dividend payout ratio is 61.14%.

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.