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

Gateway Investment Advisers LLC boosted its stake in The Home Depot, Inc. (NYSE:HDFree Report) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 289,271 shares of the home improvement retailer’s stock after buying an additional 1,206 shares during the period. Home Depot makes up approximately 1.2% of Gateway Investment Advisers LLC’s portfolio, making the stock its 15th biggest position. Gateway Investment Advisers LLC’s holdings in Home Depot were worth $100,247,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of HD. Congress Wealth Management LLC DE grew its position in Home Depot by 3.7% in the 3rd quarter. Congress Wealth Management LLC DE now owns 88,444 shares of the home improvement retailer’s stock valued at $26,725,000 after acquiring an additional 3,162 shares in the last quarter. Psagot Value Holdings Ltd. Israel grew its position in shares of Home Depot by 8.0% during the third quarter. Psagot Value Holdings Ltd. Israel now owns 2,700 shares of the home improvement retailer’s stock worth $819,000 after buying an additional 200 shares in the last quarter. Industrial Alliance Investment Management Inc. grew its position in shares of Home Depot by 119.8% during the third quarter. Industrial Alliance Investment Management Inc. now owns 2,945 shares of the home improvement retailer’s stock worth $890,000 after buying an additional 1,605 shares in the last quarter. Cape Cod Five Cents Savings Bank grew its position in shares of Home Depot by 96.3% during the third quarter. Cape Cod Five Cents Savings Bank now owns 72,994 shares of the home improvement retailer’s stock worth $22,056,000 after buying an additional 35,805 shares in the last quarter. Finally, National Pension Service grew its position in shares of Home Depot by 6.4% during the second quarter. National Pension Service now owns 1,543,616 shares of the home improvement retailer’s stock worth $475,156,000 after buying an additional 92,354 shares in the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on HD. Telsey Advisory Group upped their price target on Home Depot from $325.00 to $335.00 and gave the company a “market perform” rating in a report on Thursday, February 15th. Guggenheim upped their price target on Home Depot from $370.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Citigroup boosted their price objective on Home Depot from $333.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Finally, TD Cowen boosted their price objective on Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $364.75.

Get Our Latest Stock Analysis on HD

Insider Buying and Selling

In related news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by company insiders.

Home Depot Trading Down 0.5 %

Shares of HD stock opened at $373.23 on Monday. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $385.10. The stock has a market cap of $371.46 billion, a P/E ratio of 24.72, a P/E/G ratio of 2.50 and a beta of 0.99. The business has a fifty day simple moving average of $363.71 and a 200-day simple moving average of $331.52. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94.

Home Depot (NYSE:HDGet Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. During the same quarter last year, the business posted $3.30 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, analysts forecast that The Home Depot, Inc. will post 15.39 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 21st. Investors of record on Thursday, March 7th will be given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Wednesday, March 6th. This is a boost from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio (DPR) is currently 59.60%.

Home Depot Profile

(Free Report)

The Home Depot, Inc operates as a home improvement retailer. 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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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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