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

Gateway Investment Advisers LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 4.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 263,719 shares of the home improvement retailer's stock after selling 12,559 shares during the quarter. Home Depot makes up approximately 1.2% of Gateway Investment Advisers LLC's holdings, making the stock its 15th largest position. 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 have also recently added to or reduced their stakes in the stock. Fairway Wealth LLC bought a new stake in Home Depot during the second quarter worth approximately $25,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot in the second quarter valued at $33,000. A.P. Gilfoyle & Co. L.P. bought a new position in Home Depot during the first quarter valued at about $38,000. Livelsberger Financial Advisory acquired a new position in Home Depot during the fourth quarter worth about $39,000. Finally, Denver PWM LLC bought a new stake in Home Depot in the second quarter worth about $40,000. 70.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Home Depot from $377.00 to $400.00 and gave the stock an "overweight" rating in a research note on Monday, August 5th. Truist Financial cut their price target on shares of Home Depot from $396.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, August 14th. Evercore ISI lowered their price objective on shares of Home Depot from $415.00 to $400.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 14th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $360.00 target price on shares of Home Depot in a research report on Thursday, September 12th. Finally, Daiwa America raised Home Depot to a "hold" rating in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have given a buy rating to the company's stock. According to data from MarketBeat.com, Home Depot currently has an average rating of "Moderate Buy" and an average target price of $402.38.

Home Depot Stock Performance

NYSE:HD traded up $1.94 during mid-day trading on Friday, hitting $411.90. 2,717,431 shares of the company's stock traded hands, compared to its average volume of 3,388,611. The firm has a market capitalization of $408.45 billion, a price-to-earnings ratio of 27.63, a price-to-earnings-growth ratio of 2.88 and a beta of 1.00. The firm has a 50 day moving average of $378.34 and a two-hundred day moving average of $357.28. 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 12 month low of $274.26 and a 12 month high of $420.03.

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

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.18%. The ex-dividend date was Thursday, August 29th. Home Depot's dividend payout ratio is currently 60.36%.

Home Depot Company 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.