Home Depot INC (HD) Share Value Declined While Cincinnati Financial Corp Upped Its Stake

July 14, 2018 - By Vivian Park

The Home Depot, Inc. (NYSE:HD) LogoInvestors sentiment decreased to 0.87 in 2018 Q1. Its down 0.06, from 0.93 in 2017Q4. It dived, as 72 investors sold HD shares while 666 reduced holdings. 116 funds opened positions while 523 raised stakes. 772.16 million shares or 2.08% less from 788.59 million shares in 2017Q4 were reported. Bryn Mawr Trust accumulated 0.53% or 51,477 shares. Raymond James Trust Na stated it has 116,665 shares. The Illinois-based Roberts Glore & Il has invested 0.32% in The Home Depot, Inc. (NYSE:HD). Fayez Sarofim & reported 155,077 shares. Community Fincl Bank Na holds 0.31% or 9,416 shares. The North Carolina-based Parsec Financial Management Incorporated has invested 0.96% in The Home Depot, Inc. (NYSE:HD). Barbara Oil invested 3.18% in The Home Depot, Inc. (NYSE:HD). 2,387 were reported by Blb&B Advsrs Limited Liability Corp. Condor Capital Mngmt invested in 19,758 shares. Moreover, Impax Asset Management Limited Liability Corp has 1.44% invested in The Home Depot, Inc. (NYSE:HD). Susquehanna Gp Llp reported 14,897 shares or 0% of all its holdings. Illinois-based Calamos Wealth Ltd Liability Corp has invested 1.08% in The Home Depot, Inc. (NYSE:HD). Brookmont Management owns 179,040 shares or 21.11% of their US portfolio. Ipswich Invest Mgmt Company invested in 7,360 shares. Cim Limited Company holds 0.13% of its portfolio in The Home Depot, Inc. (NYSE:HD) for 1,950 shares.

Since February 21, 2018, it had 3 insider buys, and 7 insider sales for $46.42 million activity. Shares for $1.68 million were sold by Lennie William G. on Thursday, May 17. The insider Roseborough Teresa Wynn sold 17,310 shares worth $3.21M. HOLIFIELD MARK sold $8.51 million worth of stock. BRENNEMAN GREGORY D also bought $3.00M worth of The Home Depot, Inc. (NYSE:HD) shares. Shares for $20.89M were sold by Menear Craig A on Wednesday, February 21. $6.18 million worth of stock was sold by Decker Edward P. on Wednesday, May 16.

Cincinnati Financial Corp increased its stake in Home Depot Inc (HD) by 9.58% based on its latest 2018Q1 regulatory filing with the SEC. Cincinnati Financial Corp bought 29,500 shares as the company’s stock declined 0.85% with the market. The institutional investor held 337,554 shares of the consumer services company at the end of 2018Q1, valued at $60.17 million, up from 308,054 at the end of the previous reported quarter. Cincinnati Financial Corp who had been investing in Home Depot Inc for a number of months, seems to be bullish on the $229.20B market cap company. The stock increased 0.37% or $0.74 during the last trading session, reaching $198.69. About 2.31M shares traded. The Home Depot, Inc. (NYSE:HD) has risen 19.42% since July 14, 2017 and is uptrending. It has outperformed by 6.85% the S&P500.

More news for The Home Depot, Inc. (NYSE:HD) were recently published by: Seekingalpha.com, which released: “Home Depot Should Buy Kingfisher” on July 10, 2018. Seekingalpha.com‘s article titled: “Wolfe Research updates on housing starts implications” and published on June 20, 2018 is yet another important article.

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

Among 14 analysts covering Home Depot (NYSE:HD), 11 have Buy rating, 0 Sell and 3 Hold. Therefore 79% are positive. Home Depot has $230.0 highest and $18700 lowest target. $210.79’s average target is 6.09% above currents $198.69 stock price. Home Depot had 19 analyst reports since January 24, 2018 according to SRatingsIntel. The stock of The Home Depot, Inc. (NYSE:HD) has “Buy” rating given on Wednesday, March 21 by Morgan Stanley. Stifel Nicolaus maintained it with “Buy” rating and $22500 target in Wednesday, May 16 report. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, February 21. Stifel Nicolaus maintained the shares of HD in report on Wednesday, January 24 with “Buy” rating. The company was maintained on Friday, January 26 by UBS. The rating was maintained by Wedbush on Wednesday, February 21 with “Hold”. Guggenheim maintained the stock with “Buy” rating in Tuesday, January 30 report. Robert W. Baird maintained The Home Depot, Inc. (NYSE:HD) rating on Tuesday, February 20. Robert W. Baird has “Buy” rating and $220.0 target. The stock has “Buy” rating by Robert W. Baird on Tuesday, May 15. The rating was maintained by BMO Capital Markets on Thursday, February 22 with “Outperform”.

The Home Depot, Inc. (NYSE:HD) Institutional Positions Chart

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