As The Home Depot INC (HD) Shares Declined, Shareholder Palisade Asset Management LLC Decreased Its Holding

May 22, 2018 - By Nellie Frank

The Home Depot, Inc. (NYSE:HD) LogoInvestors sentiment decreased to 0.93 in Q4 2017. Its down 0.21, from 1.14 in 2017Q3. It fall, as 51 investors sold HD shares while 662 reduced holdings. 164 funds opened positions while 501 raised stakes. 788.59 million shares or 0.96% less from 796.24 million shares in 2017Q3 were reported. Grantham Mayo Van Otterloo & Com Ltd Liability Corporation reported 31,775 shares. Ci has invested 0.82% in The Home Depot, Inc. (NYSE:HD). Vaughan Nelson Investment Mgmt Limited Partnership invested in 1.24% or 565,700 shares. Villere St Denis J & Limited holds 1,450 shares. Pub Employees Retirement Of Ohio accumulated 869,782 shares. Cibc Ww Mkts owns 540,782 shares. Pure Fincl Inc accumulated 5,464 shares. Hbk Sorce Advisory Limited Liability reported 0.42% in The Home Depot, Inc. (NYSE:HD). Ssi Inv Management Inc reported 0.07% in The Home Depot, Inc. (NYSE:HD). Jacobson And Schmitt Advisors Ltd Liability Com holds 0.18% or 1,373 shares in its portfolio. Bank & Trust stated it has 0.24% in The Home Depot, Inc. (NYSE:HD). Farmers Retail Bank stated it has 0.09% in The Home Depot, Inc. (NYSE:HD). Blackrock stated it has 71.63 million shares or 0.65% of all its holdings. Sadoff Invest Mngmt Ltd Liability Com holds 341,236 shares. Exane Derivatives invested 0.44% in The Home Depot, Inc. (NYSE:HD).

Since December 7, 2017, it had 2 buys, and 5 sales for $36.57 million activity. On Tuesday, February 27 the insider Decker Edward P. sold $3.31M. Campbell Ann Marie sold 37,680 shares worth $7.02 million. Carey Matt sold $7.58 million worth of stock or 41,396 shares. Shares for $20.89 million were sold by Menear Craig A. Shares for $3.00M were bought by BRENNEMAN GREGORY D on Wednesday, March 21. Roseborough Teresa Wynn sold 10,916 shares worth $1.97M.

Palisade Asset Management Llc decreased its stake in The Home Depot Inc (HD) by 0.69% based on its latest 2017Q4 regulatory filing with the SEC. Palisade Asset Management Llc sold 683 shares as the company’s stock declined 7.15% with the market. The institutional investor held 97,851 shares of the consumer services company at the end of 2017Q4, valued at $18.55B, down from 98,534 at the end of the previous reported quarter. Palisade Asset Management Llc who had been investing in The Home Depot Inc for a number of months, seems to be less bullish one the $215.82B market cap company. The stock decreased 1.35% or $2.56 during the last trading session, reaching $187.23. About 931,491 shares traded. The Home Depot, Inc. (NYSE:HD) has risen 18.94% since May 22, 2017 and is uptrending. It has outperformed by 7.39% the S&P500.

Palisade Asset Management Llc, which manages about $645.77M and $631.82B US Long portfolio, upped its stake in Intel Corp (NASDAQ:INTC) by 1,670 shares to 156,462 shares, valued at $7.22B in 2017Q4, according to the filing. It also increased its holding in Royal Bank Of Canada (NYSE:RY) by 1,048 shares in the quarter, for a total of 134,282 shares, and has risen its stake in Coca (NYSE:KO).

More notable recent The Home Depot, Inc. (NYSE:HD) news were published by: Seekingalpha.com which released: “Home Depot: With Expected 28% EPS Growth In FY18, Mr. Market Is Short-Sighted” on May 21, 2018, also Seekingalpha.com with their article: “Home Depot: The Street Underappreciates This Reality” published on May 16, 2018, Fool.com published: “Is Home Depot, Inc. (HD) a Buy?” on May 01, 2018. More interesting news about The Home Depot, Inc. (NYSE:HD) were released by: Seekingalpha.com and their article: “Home Depot’s (HD) CEO Craig Menear Hosts 2018 Annual Shareholder Meeting (Transcript)” published on May 17, 2018 as well as Forbes.com‘s news article titled: “Can Online Sales Drive Growth For Home Depot In The First Quarter?” with publication date: May 11, 2018.

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

Among 21 analysts covering Home Depot (NYSE:HD), 16 have Buy rating, 0 Sell and 5 Hold. Therefore 76% are positive. Home Depot had 33 analyst reports since November 28, 2017 according to SRatingsIntel. The stock of The Home Depot, Inc. (NYSE:HD) has “Buy” rating given on Wednesday, February 21 by Citigroup. The rating was maintained by Stifel Nicolaus on Wednesday, January 24 with “Buy”. The company was maintained on Thursday, November 30 by Robert W. Baird. Robert W. Baird maintained The Home Depot, Inc. (NYSE:HD) rating on Wednesday, January 10. Robert W. Baird has “Buy” rating and $220.0 target. The company was maintained on Wednesday, November 29 by Credit Suisse. Stifel Nicolaus maintained The Home Depot, Inc. (NYSE:HD) rating on Friday, December 22. Stifel Nicolaus has “Buy” rating and $209.0 target. The company was maintained on Tuesday, January 30 by Guggenheim. The firm earned “Buy” rating on Tuesday, May 15 by Robert W. Baird. BMO Capital Markets maintained The Home Depot, Inc. (NYSE:HD) rating on Friday, December 15. BMO Capital Markets has “Buy” rating and $191.0 target. Atlantic Securities upgraded The Home Depot, Inc. (NYSE:HD) on Tuesday, November 28 to “Overweight” rating.

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

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