Gateway Investment Advisers LLC Has $100.62 Million Position in The Home Depot, Inc. (NYSE:HD)

Gateway Investment Advisers LLC trimmed its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 258,677 shares of the home improvement retailer's stock after selling 5,042 shares during the period. Home Depot comprises about 1.1% of Gateway Investment Advisers LLC's portfolio, making the stock its 15th largest position. Gateway Investment Advisers LLC's holdings in Home Depot were worth $100,623,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Guardian Financial Partners LLC raised its position in Home Depot by 2.3% in the 4th quarter. Guardian Financial Partners LLC now owns 2,982 shares of the home improvement retailer's stock valued at $1,160,000 after buying an additional 67 shares during the last quarter. IFS Advisors LLC grew its stake in shares of Home Depot by 158.7% during the 4th quarter. IFS Advisors LLC now owns 163 shares of the home improvement retailer's stock worth $63,000 after acquiring an additional 100 shares in the last quarter. Mason & Associates Inc raised its holdings in shares of Home Depot by 18.6% in the fourth quarter. Mason & Associates Inc now owns 1,925 shares of the home improvement retailer's stock valued at $749,000 after purchasing an additional 302 shares during the last quarter. Heritage Family Offices LLP lifted its position in shares of Home Depot by 5.3% in the fourth quarter. Heritage Family Offices LLP now owns 5,358 shares of the home improvement retailer's stock worth $2,084,000 after purchasing an additional 269 shares in the last quarter. Finally, West Financial Advisors LLC boosted its holdings in Home Depot by 675.0% during the fourth quarter. West Financial Advisors LLC now owns 186 shares of the home improvement retailer's stock worth $72,000 after purchasing an additional 162 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Price Performance

Shares of NYSE:HD traded up $0.09 during trading on Friday, reaching $409.42. 3,194,517 shares of the company traded hands, compared to its average volume of 2,543,379. The firm 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 Home Depot, Inc. has a 52 week low of $323.77 and a 52 week high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The company's 50 day moving average is $406.51 and its two-hundred day moving average is $387.45.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.14. The business had revenue of $40.22 billion during the quarter, compared to analysts' expectations of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot's revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.81 earnings per share. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.20%. Home Depot's dividend payout ratio is currently 61.14%.

Insider Buying and Selling at Home Depot

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 shares were 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 of the company's stock, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their position. The sale 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 firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the sale, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. This represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on HD. Melius Research began coverage on shares of Home Depot in a research report on Monday, September 23rd. They set a "buy" rating and a $420.00 price target on the stock. Oppenheimer upped their target price on Home Depot from $345.00 to $400.00 and gave the stock a "market perform" rating in a report on Tuesday, September 24th. Telsey Advisory Group upgraded Home Depot from a "market perform" rating to an "outperform" rating and raised their price target for the company from $360.00 to $455.00 in a research note on Friday, November 8th. Stifel Nicolaus upped their price objective on Home Depot from $375.00 to $400.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. Finally, Gordon Haskett raised shares of Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 target price for the company in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $426.00.

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.