Motco Trims Holdings in The Home Depot (NYSE:HD)

Daniel Fowler
May 15, 2018

It turned negative, as 51 investors sold HD shares while 662 reduced holdings. 501 rose stakes while 164 funds took stakes. (NYSE:HD) shares have performed 2.85%.

The Home Depot opened at $191.08 on Tuesday, according to Marketbeat. Hillsdale Invest accumulated 50 shares. Stillwater Mgmt Ltd Liability Corporation, Minnesota-based fund reported 1,094 shares. Zacks Investment Research cut The Home Depot from a "hold" rating to a "sell" rating in a research note on Tuesday, April 24th. (NYSE:HD) for 2,145 shares. That anxiety has particularly hurt shares of homebuilders such as Lennar Corp and D.R. Horton Inc. (NYSE:HD). Rocky Mountain Advisers Ltd accumulated 16 shs or 0.01% of the stock. Ashfield Prtn Lc holds 73,201 shs or 1.78% of its capital. Ativo Mngmt Limited Liability Co reported 5,230 shares. The company's quarterly revenue was up 7.5% compared to the same quarter last year. research analysts forecast that The Home Depot will post 9.43 earnings per share for the current year. To measure price-variation, we found HD's volatility during a week at 1.41% and during a month it has been found around 1.9%.

Since December 7, 2017, it had 2 insider buys, and 5 sales for $36.57 million activity. Ny State Common Retirement Fund stated it has 0.76% in The Home Depot, Inc. (NYSE:HD) was sold by Roseborough Teresa Wynn on Thursday, December 7. On Wednesday, February 21 the insider Menear Craig A sold $20.89 million. CODINA ARMANDO M also bought $1.19 million worth of The Home Depot, Inc. Decker Edward P. sold 17,660 shares worth $3.31 million. Trillium Asset Management LLC boosted its holdings in The Home Depot by 4.4% during the 4th quarter. Following the completion of the sale, the executive vice president now directly owns 53,459 shares in the company, valued at approximately $9,957,273.34. The institutional investors in our partner's database reported: 65.55 million shares, up from 62.31 million shares in 2017Q3. The Home Depot has a 52 week low of $189.87 and a 52 week high of $191.54. Insiders own 0.25% of the company's stock. About 7.04M shares traded or 39.27% up from the average. Moreover, Exane Derivatives has 0.44% invested in The Home Depot, Inc. (NYSE:HD) has risen 18.94% since May 15, 2017 and is uptrending. HD outperformed the S&P500 by 7.39%.

Nomura Asset Management Company Ltd, which manages about $32.64 billion and $8.64B US Long portfolio, upped its stake in Lilly Eli & Co (NYSE:LLY) by 148,955 shares to 760,060 shares, valued at $64.20 million in 2017Q4, according to the filing. It also increased its holding in Eldorado Resorts Inc (NASDAQ:ERI) by 889,941 shares in the quarter, for a total of 911,410 shares, and has risen its stake in Versum Matls Inc. Cape Cod Five Cents Savings Bank's holdings in The Home Depot were worth $8,936,000 as of its most recent SEC filing. (NYSE:HD) news were published by: Investorplace.com which released: "How Home Depot Inc Is Winning With Millennials" on May 09, 2018, also Nasdaq.com with their article: "Lowe's Companies, Inc". The Home Depot comprises approximately 1.3% of Cape Cod Five Cents Savings Bank's investment portfolio, making the stock its 16th biggest position.

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Back in April, Home Depot announced that it was hiring roughly 1,000 new technology professionals in 2018 at its primary technology centers in Atlanta, Austin and Dallas to support initiatives related to its $11.1 billion three-year strategic investment plan.

Total analysts of 20 have positions in Home Depot (NYSE:HD) as follows: 16 rated it a "Buy", 0 with "Sell" and 4 with "Hold". Therefore 40% are positive.

For more The Home Depot, Inc. The stock now has an average rating of "Buy" and a consensus target price of $194.80. Telsey Advisory Group maintained the stock with "Outperform" rating in Wednesday, November 15 report. The rating was maintained by Wedbush on Wednesday, February 21 with "Hold". Dowling & Yahnke Limited Liability Corp has invested 1.24% in The Home Depot, Inc. (NYSE:HD) with "Buy" rating. (NYSE:HD) rating. Robert W. Baird has "Buy" rating and $195.0 target. Argus reissued a "buy" rating and issued a $215.00 price objective (up from $190.00) on shares of The Home Depot in a research report on Wednesday, February 21st. Guggenheim maintained it with "Buy" rating and $225.0 target in Tuesday, January 30 report. The stock of The Home Depot, Inc. On Thursday, February 22 the firm has "Outperform" rating given by BMO Capital Markets. On Wednesday, January 10 the rating was maintained by Robert W. Baird with "Buy". On Wednesday, January 24 the rating was maintained by Stifel Nicolaus with "Buy".

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