As Home Depot INC (HD) Stock Rose, Holder Diam Company LTD Cut Its Holding by $3.62 Million

January 21, 2018 - By Kurt Siggers

Investors sentiment increased to 1.14 in 2017 Q3. Its up 0.19, from 0.95 in 2017Q2. It improved, as 59 investors sold HD shares while 562 reduced holdings. 121 funds opened positions while 587 raised stakes. 796.24 million shares or 3.15% less from 822.13 million shares in 2017Q2 were reported. Hodges Capital Mngmt holds 0.33% of its portfolio in The Home Depot, Inc. (NYSE:HD) for 29,723 shares. 128,961 are held by Nomura. 21,951 are owned by Brinker Cap. Icon Advisers Inc Co invested in 46,840 shares or 0.54% of the stock. Asset Gp Incorporated owns 0.08% invested in The Home Depot, Inc. (NYSE:HD) for 1,262 shares. Wallington Asset Lc reported 3.38% in The Home Depot, Inc. (NYSE:HD). Cannell Peter B & owns 108,473 shares. Founders Mgmt Llc stated it has 3.42% of its portfolio in The Home Depot, Inc. (NYSE:HD). Maryland Cap Mngmt has invested 0.39% in The Home Depot, Inc. (NYSE:HD). Mu holds 0.07% of its portfolio in The Home Depot, Inc. (NYSE:HD) for 560 shares. D L Carlson Inv Group Inc Inc has 30,610 shares. Argent Trust invested 0.9% in The Home Depot, Inc. (NYSE:HD). Los Angeles Mgmt & Equity Rech Inc holds 548,264 shares. Connor Clark Lunn Investment Mgmt accumulated 63,966 shares. Kbc Group Nv stated it has 0.74% of its portfolio in The Home Depot, Inc. (NYSE:HD).

Since August 16, 2017, it had 0 insider purchases, and 5 sales for $18.46 million activity. Campbell Ann Marie had sold 10,717 shares worth $1.63M. Carey Matt had sold 32,000 shares worth $5.03M on Thursday, September 7.

Diam Company Ltd decreased its stake in Home Depot Inc (HD) by 1.14% based on its latest 2017Q3 regulatory filing with the SEC. Diam Company Ltd sold 22,198 shares as the company’s stock rose 9.30% with the market. The institutional investor held 1.92 million shares of the consumer services company at the end of 2017Q3, valued at $314.38M, down from 1.95 million at the end of the previous reported quarter. Diam Company Ltd who had been investing in Home Depot Inc for a number of months, seems to be less bullish one the $235.10 billion market cap company. The stock increased 1.51% or $3 during the last trading session, reaching $201.33. About 5.81 million shares traded or 21.85% up from the average. The Home Depot, Inc. (NYSE:HD) has risen 18.65% since January 21, 2017 and is uptrending. It has outperformed by 1.95% the S&P500.

Diam Company Ltd, which manages about $42.60B US Long portfolio, upped its stake in Valero Energy Corp New (NYSE:VLO) by 48,827 shares to 786,670 shares, valued at $60.50M in 2017Q3, according to the filing. It also increased its holding in Aercap Holdings Nv (NYSE:AER) by 224,227 shares in the quarter, for a total of 228,423 shares, and has risen its stake in Nvidia Corp (NASDAQ:NVDA).

Analysts await The Home Depot, Inc. (NYSE:HD) to report earnings on February, 20. They expect $1.62 EPS, up 12.50 % or $0.18 from last year’s $1.44 per share. HD’s profit will be $1.89 billion for 31.07 P/E if the $1.62 EPS becomes a reality. After $1.84 actual EPS reported by The Home Depot, Inc. for the previous quarter, Wall Street now forecasts -11.96 % negative EPS growth.

More notable recent The Home Depot, Inc. (NYSE:HD) news were published by: Seekingalpha.com which released: “Home Depot: Upside Ahead” on January 16, 2018, also Bloomberg.com with their article: “XPO Logistics Surges on Report of Possible Home Depot Bid” published on December 22, 2017, Fool.com published: “The “One” Secret to Home Depot’s Success” on January 02, 2018. More interesting news about The Home Depot, Inc. (NYSE:HD) were released by: Fool.com and their article: “Forget Home Depot — Lowe’s Companies, Inc. Is a Better Dividend Growth Stock” published on January 03, 2018 as well as Bloomberg.com‘s news article titled: “Lowe’s Activist Believes Stock Value Could Triple” with publication date: January 19, 2018.

The Home Depot, Inc. (NYSE:HD) Ratings Coverage

Among 33 analysts covering The Home Depot Inc. (NYSE:HD), 24 have Buy rating, 0 Sell and 9 Hold. Therefore 73% are positive. The Home Depot Inc. has $220.0 highest and $106 lowest target. $172.52’s average target is -14.31% below currents $201.33 stock price. The Home Depot Inc. had 102 analyst reports since August 19, 2015 according to SRatingsIntel. The company was initiated on Tuesday, October 3 by Gordon Haskett Capital Corporation. The rating was maintained by Stifel Nicolaus on Friday, December 22 with “Buy”. UBS maintained the shares of HD in report on Wednesday, November 18 with “Buy” rating. The stock has “Sell” rating by SEB Equity Research on Tuesday, August 25. Bank of America maintained the stock with “Buy” rating in Wednesday, August 16 report. PiperJaffray downgraded the stock to “Neutral” rating in Monday, October 31 report. The company was maintained on Friday, May 13 by Jefferies. The stock of The Home Depot, Inc. (NYSE:HD) earned “Outperform” rating by Telsey Advisory Group on Monday, December 4. The firm has “Buy” rating given on Wednesday, June 21 by Oppenheimer. Cantor Fitzgerald maintained the shares of HD in report on Monday, August 17 with “Hold” rating.

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