Suntrust Banks INC Trimmed Stake in Home Depot INC (HD) by $11.25 Million

March 14, 2018 - By Linda Rogers

Investors sentiment increased to 1.14 in 2017 Q3. Its up 0.19, from 0.95 in 2017Q2. It increased, 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. Amica Retiree Tru holds 0.96% or 7,480 shares in its portfolio. Gofen & Glossberg Ltd Liability Il has 0.5% invested in The Home Depot, Inc. (NYSE:HD). Nj State Employees Deferred Compensation Plan holds 10,000 shares or 0.3% of its portfolio. Investec Asset Management Limited reported 89,159 shares. Cullinan Inc holds 21,976 shares or 0.28% of its portfolio. Winfield Incorporated accumulated 0.78% or 9,119 shares. Capital Inv Advsrs Limited Liability Company, a Georgia-based fund reported 188,825 shares. Golub Group Limited reported 0.03% stake. Van Eck Assocs Corp reported 0.02% of its portfolio in The Home Depot, Inc. (NYSE:HD). Van Strum And Towne accumulated 1,404 shares. Alta Capital Mgmt Lc reported 0.02% in The Home Depot, Inc. (NYSE:HD). The Missouri-based First Allied Advisory Svcs has invested 0.15% in The Home Depot, Inc. (NYSE:HD). Farr Miller And Washington Ltd Limited Liability Company Dc invested 0.02% in The Home Depot, Inc. (NYSE:HD). Pillar Pacific Capital Lc owns 48,478 shares. Hm Payson Company owns 143,617 shares.

Since December 7, 2017, it had 1 buying transaction, and 5 insider sales for $39.57 million activity. $1.97M worth of The Home Depot, Inc. (NYSE:HD) shares were sold by Roseborough Teresa Wynn. Shares for $20.89M were sold by Menear Craig A. 37,680 shares valued at $7.02 million were sold by Campbell Ann Marie on Thursday, February 22. $3.31 million worth of The Home Depot, Inc. (NYSE:HD) was sold by Decker Edward P. on Tuesday, February 27. The insider Carey Matt sold $7.58 million.

Suntrust Banks Inc decreased its stake in Home Depot Inc (HD) by 5.99% based on its latest 2017Q3 regulatory filing with the SEC. Suntrust Banks Inc sold 69,011 shares as the company’s stock rose 9.30% with the market. The institutional investor held 1.08M shares of the consumer services company at the end of 2017Q3, valued at $177.25M, down from 1.15 million at the end of the previous reported quarter. Suntrust Banks Inc who had been investing in Home Depot Inc for a number of months, seems to be less bullish one the $207.57 billion market cap company. The stock decreased 0.34% or $0.6 during the last trading session, reaching $177.75. About 2.87 million shares traded. The Home Depot, Inc. (NYSE:HD) has risen 18.65% since March 14, 2017 and is uptrending. It has outperformed by 1.95% the S&P500.

Suntrust Banks Inc, which manages about $18.46 billion US Long portfolio, upped its stake in Snap On Inc (NYSE:SNA) by 36,861 shares to 47,614 shares, valued at $7.09M in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (DVY) by 53,419 shares in the quarter, for a total of 2.84M shares, and has risen its stake in Thermo Fisher Scientific Inc (NYSE:TMO).

Analysts await The Home Depot, Inc. (NYSE:HD) to report earnings on May, 15. They expect $2.08 EPS, up 24.55 % or $0.41 from last year’s $1.67 per share. HD’s profit will be $2.43 billion for 21.36 P/E if the $2.08 EPS becomes a reality. After $1.69 actual EPS reported by The Home Depot, Inc. for the previous quarter, Wall Street now forecasts 23.08 % EPS growth.

More notable recent The Home Depot, Inc. (NYSE:HD) news were published by: which released: “Build a Bear Trade in Home Depot Inc Stock” on March 14, 2018, also with their article: “Lawsuit saying Home Depot tricks buyers of 4X4 lumber is deep-sixed” published on March 12, 2018, published: “Home Depot Inc. Management Talks Online Sales Growth, Pro Customers, and More” on February 21, 2018. More interesting news about The Home Depot, Inc. (NYSE:HD) were released by: and their article: “2 Things Will Prolong Home Depot’s Impressive Growth” published on March 14, 2018 as well as‘s news article titled: “Lowe’s Is Getting Trounced by Home Depot” with publication date: February 28, 2018.

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

Among 34 analysts covering The Home Depot Inc. (NYSE:HD), 24 have Buy rating, 0 Sell and 10 Hold. Therefore 71% are positive. The Home Depot Inc. had 115 analyst reports since August 19, 2015 according to SRatingsIntel. Jefferies maintained The Home Depot, Inc. (NYSE:HD) on Friday, November 10 with “Buy” rating. The stock has “Outperform” rating by RBC Capital Markets on Wednesday, November 16. The stock of The Home Depot, Inc. (NYSE:HD) earned “Buy” rating by Guggenheim on Monday, February 26. UBS maintained the stock with “Buy” rating in Friday, January 26 report. The firm has “Hold” rating by Cantor Fitzgerald given on Monday, August 17. The stock of The Home Depot, Inc. (NYSE:HD) has “Buy” rating given on Tuesday, October 3 by Gordon Haskett Capital Corporation. As per Wednesday, June 21, the company rating was maintained by Oppenheimer. On Wednesday, August 16 the stock rating was upgraded by Raymond James to “Outperform”. Argus Research maintained The Home Depot, Inc. (NYSE:HD) rating on Wednesday, November 18. Argus Research has “Buy” rating and $142 target. Longbow maintained the shares of HD in report on Friday, August 14 with “Buy” rating.

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