As Home Depot INC (HD) Share Value Rose, State Of New Jersey Common Pension Fund D Cut Stake

June 20, 2017 - By Ellis Scott

Investors sentiment decreased to 0.8 in 2016 Q4. Its down 0.05, from 0.85 in 2016Q3. It turned negative, as 84 investors sold HD shares while 664 reduced holdings. 121 funds opened positions while 478 raised stakes. 838.20 million shares or 0.09% more from 837.48 million shares in 2016Q3 were reported. Royal Fincl Bank Of Canada reported 0.29% of its portfolio in Home Depot Inc (NYSE:HD). 18,906 are held by Ancora Advsr Ltd Liability Com. North Star Investment Mngmt Corp owns 0.1% invested in Home Depot Inc (NYSE:HD) for 5,058 shares. Gabalex Cap Mgmt Llc invested in 175,000 shares or 7.92% of the stock. Wealthtrust Fairport Ltd Liability Co accumulated 61,001 shares or 0.98% of the stock. Laffer Invests has 0% invested in Home Depot Inc (NYSE:HD) for 30,770 shares. New York-based Laurion Cap Management Limited Partnership has invested 0.05% in Home Depot Inc (NYSE:HD). Welch & Forbes Limited Liability Company has 444,218 shares for 1.78% of their portfolio. Jpmorgan Chase & invested in 0.81% or 25.00 million shares. The Wisconsin-based Legacy Private has invested 0.13% in Home Depot Inc (NYSE:HD). Blue Edge Capital Ltd accumulated 7,950 shares or 0% of the stock. Great West Life Assurance Co Can has 1.26M shares for 0.48% of their portfolio. Boyar Asset Management accumulated 38,303 shares. Deutsche Natl Bank Ag owns 5.35M shares or 0.58% of their US portfolio. Shamrock Asset Mngmt Limited Liability Co holds 14,052 shares or 1.14% of its portfolio.

Since February 22, 2017, it had 1 insider purchase, and 9 sales for $68.73 million activity. Crow Timothy M sold $12.82M worth of Home Depot Inc (NYSE:HD) on Thursday, February 23. 7,000 Home Depot Inc (NYSE:HD) shares with value of $1.10M were sold by Campbell Ann Marie. $14.21 million worth of stock was sold by Menear Craig A on Wednesday, May 17. 31,239 shares valued at $4.86M were sold by Lennie William G. on Thursday, May 18. On Wednesday, May 17 the insider Roseborough Teresa Wynn sold $4.57M. Another trade for 14,680 shares valued at $2.30M was made by Carey Matt on Wednesday, May 17.

State Of New Jersey Common Pension Fund D decreased its stake in Home Depot Inc (HD) by 16.08% based on its latest 2016Q4 regulatory filing with the SEC. State Of New Jersey Common Pension Fund D sold 340,000 shares as the company’s stock rose 9.30% with the market. The institutional investor held 1.77 million shares of the consumer services company at the end of 2016Q4, valued at $237.86 million, down from 2.11M at the end of the previous reported quarter. State Of New Jersey Common Pension Fund D who had been investing in Home Depot Inc for a number of months, seems to be less bullish one the $192.88 billion market cap company. The stock rose 0.26% or $0.42 reaching $159.13. About 250 shares traded. Home Depot Inc (NYSE:HD) has risen 18.65% since June 20, 2016 and is uptrending. It has outperformed by 1.95% the S&P500.

State Of New Jersey Common Pension Fund D, which manages about $23.29 billion US Long portfolio, upped its stake in Chicago Bridge & Iron Co N V (NYSE:CBI) by 750,000 shares to 800,000 shares, valued at $25.40M in 2016Q4, according to the filing. It also increased its holding in Cubic Corp (NYSE:CUB) by 295,000 shares in the quarter, for a total of 1.08M shares, and has risen its stake in Raytheon Co (NYSE:RTN).

More notable recent Home Depot Inc (NYSE:HD) news were published by: Marketwatch.com which released: “Dow’s record close powered by gains in Goldman, Travelers and Home Depot” on June 14, 2017, also Nasdaq.com with their article: “One Put, One Call Option To Know About for Home Depot” published on June 19, 2017, Zacks.com published: “Home Depot (HD) Gains Momentum: What’s Driving the Stock?” on June 19, 2017. More interesting news about Home Depot Inc (NYSE:HD) were released by: Seekingalpha.com and their article: “Home Depot – Even Quality Has Its Price” published on May 22, 2017 as well as Fool.com‘s news article titled: “Home Depot Inc. Is About to Pass a Major Business Milestone” with publication date: May 31, 2017.

Home Depot Inc (NYSE:HD) Ratings Coverage

Among 22 analysts covering The Home Depot Inc. (NYSE:HD), 14 have Buy rating, 0 Sell and 8 Hold. Therefore 64% are positive. The Home Depot Inc. had 50 analyst reports since August 19, 2015 according to SRatingsIntel. On Wednesday, November 18 the stock rating was maintained by Argus Research with “Buy”. The firm earned “Buy” rating on Thursday, June 23 by Nomura. The stock has “Sell” rating by Zacks on Monday, August 17. The stock has “Buy” rating by Topeka Capital Markets on Tuesday, May 24. The stock of Home Depot Inc (NYSE:HD) has “Neutral” rating given on Thursday, May 11 by Atlantic Securities. The rating was maintained by Goldman Sachs with “Neutral” on Wednesday, April 6. The firm has “Sell” rating given on Tuesday, August 25 by SEB Equity Research. Vetr downgraded Home Depot Inc (NYSE:HD) rating on Saturday, August 29. Vetr has “Buy” rating and $121.59 target. Deutsche Bank maintained the shares of HD in report on Wednesday, August 17 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, February 22.

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