Gateway Investment Advisers LLC Has $106.86 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

by · The Cerbat Gem

Gateway Investment Advisers LLC reduced its position in The Home Depot, Inc. (NYSE:HD – Free Report) by 4.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 263,719 shares of the home improvement retailer’s stock after selling 12,559 shares during the period. Home Depot accounts for approximately 1.2% 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 $106,859,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Fisher Asset Management LLC boosted its holdings in Home Depot by 2.1% during the fourth quarter. Fisher Asset Management LLC now owns 8,790,895 shares of the home improvement retailer’s stock worth $3,046,485,000 after buying an additional 184,480 shares during the last quarter. Legal & General Group Plc boosted its stake in Home Depot by 1.2% during the 2nd quarter. Legal & General Group Plc now owns 8,515,343 shares of the home improvement retailer’s stock worth $2,931,328,000 after acquiring an additional 100,139 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Home Depot by 15.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock valued at $2,853,143,000 after purchasing an additional 971,833 shares during the period. Ameriprise Financial Inc. increased its stake in Home Depot by 2.5% in the second quarter. Ameriprise Financial Inc. now owns 5,774,083 shares of the home improvement retailer’s stock valued at $1,980,883,000 after purchasing an additional 138,396 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in Home Depot by 13.1% in the first quarter. Jennison Associates LLC now owns 4,917,286 shares of the home improvement retailer’s stock worth $1,886,271,000 after purchasing an additional 569,690 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of NYSE:HD traded up $1.94 on Friday, reaching $411.90. 2,717,431 shares of the company’s stock were exchanged, compared to its average volume of 3,388,611. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $420.03. The company has a fifty day moving average of $378.34 and a 200-day moving average of $357.28. The company has a market capitalization of $409.14 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 2.88 and a beta of 1.00.

Home Depot (NYSE:HD – Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.65 earnings per share. On average, research analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.18%. Home Depot’s dividend payout ratio is 60.57%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on HD shares. Melius Research initiated coverage on shares of Home Depot in a research report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective for the company. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target on the stock in a research report on Wednesday, October 2nd. Oppenheimer boosted their price objective on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. Jefferies Financial Group started coverage on shares of Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price target on the stock. Finally, Daiwa America raised shares of Home Depot to a “hold” rating in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $402.38.

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Home Depot Profile

(Free Report)

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.

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