Gateway Investment Advisers LLC Has $100.05 Million Holdings in The Home Depot, Inc. $HD

Key Points

• Gateway Investment Advisers trimmed its stake in The Home Depot by 9.3% in Q4 and now holds 290,751 shares worth about $100.05 million, representing 0.9% of its portfolio and the firm’s 17th-largest position.
• Home Depot beat Q4 estimates with $2.72 EPS (vs. $2.52 expected) and $38.2B revenue, though revenue fell 3.8% year‑over‑year; the company issued FY2026 EPS guidance of 14.23–14.799 while analysts expect ~15.02.
• Analysts rate the stock a consensus "Moderate Buy" with a $412.24 average price target, institutional investors own roughly 70.86% of shares, and the company recently raised its quarterly dividend to $2.33 (2.9% yield).

Gateway Investment Advisers LLC lessened its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 9.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 290,751 shares of the home improvement retailer's stock after selling 29,742 shares during the quarter. Home Depot comprises 0.9% of Gateway Investment Advisers LLC's investment portfolio, making the stock its 17th biggest position. Gateway Investment Advisers LLC's holdings in Home Depot were worth $100,047,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of HD. Wellington Management Group LLP raised its stake in Home Depot by 60.8% in the third quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer's stock valued at $4,109,878,000 after purchasing an additional 3,836,051 shares in the last quarter. Vanguard Group Inc. grew its position in Home Depot by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer's stock valued at $34,284,672,000 after acquiring an additional 1,325,748 shares during the last quarter. Franklin Resources Inc. grew its position in Home Depot by 37.6% in the third quarter. Franklin Resources Inc. now owns 3,806,308 shares of the home improvement retailer's stock valued at $1,542,278,000 after acquiring an additional 1,040,577 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in Home Depot in the third quarter valued at about $284,893,000. Finally, ABN AMRO Bank N.V. grew its position in Home Depot by 2,427.3% in the third quarter. ABN AMRO Bank N.V. now owns 631,551 shares of the home improvement retailer's stock valued at $254,943,000 after acquiring an additional 606,562 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on HD. KeyCorp reiterated a "sector weight" rating on shares of Home Depot in a research report on Wednesday, February 25th. Truist Financial set a $424.00 target price on Home Depot in a research report on Tuesday, February 24th. Wall Street Zen upgraded Home Depot from a "sell" rating to a "hold" rating in a research report on Saturday, March 21st. Citigroup lifted their target price on Home Depot from $407.00 to $450.00 and gave the company a "buy" rating in a research report on Thursday, February 12th. Finally, DA Davidson lifted their target price on Home Depot from $407.00 to $445.00 and gave the company a "buy" rating in a research report on Tuesday, February 24th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and a consensus price target of $412.24.

Home Depot Stock Performance

NYSE:HD opened at $323.68 on Thursday. The stock has a market cap of $322.39 billion, a P/E ratio of 22.75, a price-to-earnings-growth ratio of 3.45 and a beta of 1.00. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62. The stock's 50-day moving average is $340.88 and its 200-day moving average is $358.05. The Home Depot, Inc. has a 1-year low of $310.40 and a 1-year high of $426.75.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.20. The company had revenue of $38.20 billion for the quarter, compared to analysts' expectations of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The business's quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Equities research analysts anticipate that The Home Depot, Inc. will post 15.02 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were issued a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a dividend yield of 2.9%. This is an increase from Home Depot's previous quarterly dividend of $2.30. The ex-dividend date was Thursday, March 12th. Home Depot's dividend payout ratio (DPR) is presently 65.50%.

Key Home Depot News

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Bank of America reinstated coverage with a Buy rating and a $374 price target, designating Home Depot its top pick in home improvement — a high‑profile upgrade that supports upside expectations. BofA Top Pick / $374 PT
• Positive Sentiment: J.P. Morgan reaffirmed a Buy rating, citing structural strength and robust store traffic despite near‑term weather headwinds — supporting conviction among institutional investors. J.P. Morgan Reaffirmed Buy
• Positive Sentiment: Company strategic initiatives — a growing PRO (contractor) business, upgraded guidance commentary, and a data/marketing push (weather signals, influencer programs, app features to drive larger baskets) — suggest revenue mix improvement and higher customer lifetime value. PRO Growth & Marketing Strategy
• Neutral Sentiment: The Home Depot scheduled its Q1 earnings conference call for May 19 — a catalyst that will reprioritize investor focus onto same‑store sales, PRO growth, and updated guidance when results are released. Earnings Call May 19
• Neutral Sentiment: Quantitative indicators show some “smart money” accumulation despite recent weakness, suggesting some institutional positioning for a rebound rather than capitulation. Smart Money Activity
• Negative Sentiment: A TipRanks piece flagged that Home Depot’s recent price action echoes rare patterns seen before the 2008 crisis, raising technical and sentiment red flags for some traders amid the stock’s YTD and one‑year weakness. Pre‑2008 Pattern Warning
• Negative Sentiment: A shareholder proposal seeks disclosure on use of automated license plate reader data (Flock Safety), citing reputational, regulatory and civil‑rights risks — a governance/privacy issue investors will watch for potential liability or regulatory scrutiny. License Plate Data Shareholder Proposal
• Negative Sentiment: Bearish commentary and sector weakness (articles warning of a hit to remodeling/construction demand and multiple reports of 52‑week lows) amplify near‑term downside pressure as investors weigh a tougher macro outlook. Remodeling Demand Concerns

Insider Buying and Selling at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of the business's stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following the sale, the chief financial officer directly owned 44,566 shares in the company, valued at approximately $16,439,951.74. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.08% of the company's stock.

About Home Depot

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.

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