Gateway Investment Advisers LLC Grows Holdings in The Home Depot, Inc. $HD

Gateway Investment Advisers LLC raised its holdings in The Home Depot, Inc. (NYSE:HD) by 21.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 320,493 shares of the home improvement retailer’s stock after purchasing an additional 56,891 shares during the period. Home Depot comprises 1.3% of Gateway Investment Advisers LLC’s holdings, making the stock its 13th largest position. Gateway Investment Advisers LLC’s holdings in Home Depot were worth $129,861,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Legend Financial Advisors Inc. acquired a new position in Home Depot during the second quarter worth $28,000. Sagard Holdings Management Inc. acquired a new stake in shares of Home Depot in the second quarter valued at about $29,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Home Depot during the second quarter worth about $32,000. Legacy Investment Solutions LLC purchased a new stake in shares of Home Depot during the second quarter worth about $35,000. Finally, Dougherty Wealth Advisers LLC acquired a new position in shares of Home Depot during the 3rd quarter worth about $38,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,872 shares of the business’s stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the completion of the transaction, the executive vice president owned 13,196 shares in the company, valued at $4,599,069.92. The trade was a 17.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Angie Brown sold 1,946 shares of Home Depot stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $357.63, for a total value of $695,947.98. Following the sale, the executive vice president directly owned 3,941 shares of the company’s stock, valued at $1,409,419.83. This trade represents a 33.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 4,963 shares of company stock worth $1,748,845. 0.10% of the stock is currently owned by company insiders.

Home Depot Trading Down 0.5%

Shares of Home Depot stock opened at $344.20 on Tuesday. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29. The stock’s 50 day simple moving average is $356.34 and its 200-day simple moving average is $377.84. The stock has a market cap of $342.65 billion, a P/E ratio of 23.46, a P/E/G ratio of 12.88 and a beta of 1.08. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $426.75.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The company had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, December 4th. Home Depot’s payout ratio is presently 62.71%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Wells Fargo & Company lowered their price objective on Home Depot from $400.00 to $395.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Weiss Ratings restated a “hold (c+)” rating on shares of Home Depot in a research report on Monday, December 29th. Oppenheimer lowered their price target on Home Depot from $420.00 to $405.00 and set a “market perform” rating on the stock in a research note on Friday, December 5th. Telsey Advisory Group lowered their price target on Home Depot from $430.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 10th. Finally, KGI Securities cut Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price target for the company. in a research report on Wednesday, November 19th. Twenty-one analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $402.10.

Home Depot Profile

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.