Cincinnati Financial Corp Increases Holding in Home Depot INC (HD)

July 14, 2018 - By Brian Ramirez

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 turned negative, 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. Skylands Cap has 8,300 shares for 0.19% of their portfolio. Regentatlantic Limited Company stated it has 34,661 shares. Citadel Advsrs Ltd Liability Corporation holds 338,750 shares or 0.03% of its portfolio. Voya Inv Mgmt Limited Liability Corp reported 0.95% in The Home Depot, Inc. (NYSE:HD). Boyar Asset Management invested in 6.14% or 47,422 shares. Garrison Fincl invested 0.16% in The Home Depot, Inc. (NYSE:HD). Smith Salley & Assocs has 1,278 shares. Carret Asset Mngmt Llc owns 19,374 shares. Creative Planning reported 266,164 shares stake. Amica Pension Fund Board Of Trustees accumulated 42,165 shares. Highland Capital Ltd Com stated it has 20,520 shares or 0.29% of all its holdings. Chatham Gru Inc invested in 4,968 shares or 0.24% of the stock. Legacy Capital Partners stated it has 4,275 shares or 0.38% of all its holdings. Lvw Advsr Ltd Liability Co holds 2,381 shares. Thornburg Investment Mngmt has 2.5% invested in The Home Depot, Inc. (NYSE:HD).

Since February 21, 2018, it had 3 insider buys, and 7 insider sales for $46.42 million activity. $3.00 million worth of stock was bought by BRENNEMAN GREGORY D on Wednesday, March 21. The insider Menear Craig A sold $20.89 million. Roseborough Teresa Wynn had sold 17,310 shares worth $3.21M. Shares for $8.51 million were sold by HOLIFIELD MARK. The insider Lennie William G. sold 9,000 shares worth $1.68 million. CODINA ARMANDO M bought 6,650 shares worth $1.19M.

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 2.31 million 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 company was maintained on Monday, February 26 by Guggenheim. The company was maintained on Thursday, February 22 by BMO Capital Markets. The company was maintained on Wednesday, February 21 by Wedbush. The rating was maintained by Robert W. Baird on Tuesday, February 20 with “Buy”. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, February 21. On Wednesday, March 21 the stock rating was maintained by Morgan Stanley with “Buy”. Citigroup maintained the stock with “Buy” rating in Wednesday, February 21 report. UBS maintained the shares of HD in report on Wednesday, June 20 with “Buy” rating. Stifel Nicolaus maintained the shares of HD in report on Wednesday, May 16 with “Buy” rating. Guggenheim maintained the shares of HD in report on Tuesday, January 30 with “Buy” rating.

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

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