As Home Depot (HD) Market Valuation Rose, Inverness Counsel Increased Stake by $7.52 Million; Profund Advisors Decreased Holding in Steel Dynamics (STLD) as Market Value Declined

December 17, 2017 - By wolcottdaily

Inverness Counsel Llc increased its stake in Home Depot Inc (HD) by 30.43% based on its latest 2017Q2 regulatory filing with the SEC. Inverness Counsel Llc bought 49,129 shares as the company’s stock rose 9.30% with the market. The institutional investor held 210,583 shares of the consumer services company at the end of 2017Q2, valued at $32.30M, up from 161,454 at the end of the previous reported quarter. Inverness Counsel Llc who had been investing in Home Depot Inc for a number of months, seems to be bullish on the $213.21 billion market cap company. The stock increased 0.25% or $0.45 during the last trading session, reaching $182.58. About 8.20M shares traded or 92.49% up from the average. The Home Depot, Inc. (NYSE:HD) has risen 18.65% since December 17, 2016 and is uptrending. It has outperformed by 1.95% the S&P500.

Profund Advisors Llc decreased its stake in Steel Dynamics Inc (STLD) by 31.19% based on its latest 2017Q2 regulatory filing with the SEC. Profund Advisors Llc sold 16,363 shares as the company’s stock declined 7.91% while stock markets rallied. The institutional investor held 36,093 shares of the basic industries company at the end of 2017Q2, valued at $1.29M, down from 52,456 at the end of the previous reported quarter. Profund Advisors Llc who had been investing in Steel Dynamics Inc for a number of months, seems to be less bullish one the $9.44 billion market cap company. The stock increased 0.03% or $0.01 during the last trading session, reaching $39.85. About 5.51 million shares traded or 114.34% up from the average. Steel Dynamics, Inc. (NASDAQ:STLD) has risen 44.39% since December 17, 2016 and is uptrending. It has outperformed by 27.69% the S&P500.

Analysts await Steel Dynamics, Inc. (NASDAQ:STLD) to report earnings on January, 23. They expect $0.55 EPS, up 27.91% or $0.12 from last year’s $0.43 per share. STLD’s profit will be $130.33M for 18.11 P/E if the $0.55 EPS becomes a reality. After $0.66 actual EPS reported by Steel Dynamics, Inc. for the previous quarter, Wall Street now forecasts -16.67% negative EPS growth.

Investors sentiment increased to 1.26 in Q2 2017. Its up 0.19, from 1.07 in 2017Q1. It is positive, as 37 investors sold STLD shares while 134 reduced holdings. 76 funds opened positions while 139 raised stakes. 194.51 million shares or 1.42% less from 197.31 million shares in 2017Q1 were reported. Ahl Ptnrs Llp holds 78,298 shares or 0.06% of its portfolio. Steadfast Capital Lp holds 2.98 million shares or 1.96% of its portfolio. Cibc Mkts reported 30,787 shares. State Teachers Retirement Sys has invested 0.04% in Steel Dynamics, Inc. (NASDAQ:STLD). Jennison Ltd Liability Com has invested 0.03% in Steel Dynamics, Inc. (NASDAQ:STLD). Adams Natural Res Fund reported 133,900 shares stake. Price T Rowe Assoc Md has 223,760 shares. 100,201 were accumulated by Rmb Capital Mngmt Lc. Affinity Ltd Company reported 0.24% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD). Oregon Pub Employees Retirement Fund holds 0.07% or 108,521 shares in its portfolio. State Board Of Administration Of Florida Retirement holds 353,827 shares. Moreover, Optimum Investment Advsr has 0.11% invested in Steel Dynamics, Inc. (NASDAQ:STLD). Asset Mngmt Incorporated owns 16,767 shares. Boothbay Fund Mngmt Ltd Liability Company holds 16,236 shares or 0.12% of its portfolio. Leavell Investment Mgmt reported 12,000 shares.

Profund Advisors Llc, which manages about $4.85 billion and $2.21B US Long portfolio, upped its stake in Cisco Sys Inc (NASDAQ:CSCO) by 19,079 shares to 426,803 shares, valued at $13.36 million in 2017Q2, according to the filing. It also increased its holding in Wal (NYSE:WMT) by 7,756 shares in the quarter, for a total of 55,936 shares, and has risen its stake in Kla (NASDAQ:KLAC).

Among 16 analysts covering Steel Dynamics Inc. (NASDAQ:STLD), 12 have Buy rating, 0 Sell and 4 Hold. Therefore 75% are positive. Steel Dynamics Inc. had 61 analyst reports since July 22, 2015 according to SRatingsIntel. Rosenblatt downgraded the shares of STLD in report on Monday, March 14 to “Neutral” rating. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) has “Buy” rating given on Friday, June 23 by Jefferies. On Thursday, September 17 the stock rating was maintained by Jefferies with “Buy”. Credit Suisse maintained the shares of STLD in report on Wednesday, June 8 with “Outperform” rating. The company was maintained on Friday, July 21 by Bank of America. The company was maintained on Friday, September 15 by Citigroup. BMO Capital Markets maintained Steel Dynamics, Inc. (NASDAQ:STLD) on Tuesday, June 27 with “Buy” rating. On Friday, September 22 the stock rating was maintained by Cowen & Co with “Buy”. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) earned “Overweight” rating by KeyBanc Capital Markets on Friday, October 20. The firm has “Buy” rating by Jefferies given on Wednesday, July 19.

Among 33 analysts covering The Home Depot Inc. (NYSE:HD), 24 have Buy rating, 0 Sell and 9 Hold. Therefore 73% are positive. The Home Depot Inc. had 98 analyst reports since August 19, 2015 according to SRatingsIntel. The firm has “Hold” rating by S&P Research given on Wednesday, August 19. The stock of The Home Depot, Inc. (NYSE:HD) earned “Buy” rating by Bank of America on Wednesday, August 16. Gordon Haskett Capital Corporation initiated The Home Depot, Inc. (NYSE:HD) rating on Tuesday, October 3. Gordon Haskett Capital Corporation has “Buy” rating and $189.0 target. The stock has “Outperform” rating by Credit Suisse on Monday, December 7. On Thursday, July 20 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Neutral” rating by Goldman Sachs given on Wednesday, April 6. Jefferies maintained it with “Buy” rating and $18200 target in Friday, June 23 report. The stock of The Home Depot, Inc. (NYSE:HD) earned “Buy” rating by Robert W. Baird on Friday, October 13. Telsey Advisory Group maintained it with “Outperform” rating and $190 target in Monday, December 4 report. Argus Research maintained it with “Buy” rating and $142 target in Wednesday, November 18 report.

Inverness Counsel Llc, which manages about $2.49 billion and $1.44B US Long portfolio, decreased its stake in Applied Materials Inc (NASDAQ:AMAT) by 25,255 shares to 307,315 shares, valued at $12.70 million in 2017Q2, according to the filing. It also reduced its holding in Financial Select Sector Spdr (Prn) (XLF) by 31,000 shares in the quarter, leaving it with 50,175 shares, and cut its stake in Time Warner Inc (New) (NYSE:TWX).

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