As Home Depot (HD) Stock Declined, Holder Dearborn Partners Increased Its Position; Rbo & Co Has Upped Brown (BF.B) Position by $2.05 Million

June 19, 2018 - By Marie Mckinney

Brown-Forman Corporation (NYSE:BF.B) Logo

Rbo & Co Llc increased its stake in Brown (BF.B) by 24.79% based on its latest 2018Q1 regulatory filing with the SEC. Rbo & Co Llc bought 37,955 shares as the company’s stock 0.00% . The institutional investor held 191,042 shares of the company at the end of 2018Q1, valued at $10.39M, up from 153,087 at the end of the previous reported quarter. Rbo & Co Llc who had been investing in Brown for a number of months, seems to be bullish on the $24.90 billion market cap company. The stock decreased 1.29% or $0.685 during the last trading session, reaching $52.455. About 1.18 million shares traded or 6.97% up from the average. Brown-Forman Corporation (NYSE:BF.B) has risen 40.18% since June 19, 2017 and is uptrending. It has outperformed by 27.61% the S&P500. Some Historical BF.B News: 16/05/2018 – Brown-Forman Names John Hayes President of USA & Canada; 22/03/2018 – S&PGR Assigns Brown-Forman Corp Sr Unsecd Notes ‘A-‘ Rtg; 07/03/2018 – RPT-BROWN-FORMAN – SEES 2018 DILUTED EPS OF $1.43 TO $1.48; 29/05/2018 – Brown-Forman: Paul Varga to Retire as CEO; 07/03/2018 – BROWN-FORMAN CORP – REVISES FISCAL YEAR 2018 OUTLOOK; 07/03/2018 – RPT-BROWN-FORMAN CORP – SEES 2018 UNDERLYING OPERATING INCOME GROWTH OF 8% TO 9%; 07/03/2018 – BROWN-FORMAN – SEES 2018 DILUTED EPS OF $1.43 TO $1.48; 29/05/2018 – Brown-Forman Announces Leadership Succession Plan; 07/03/2018 – BROWN-FORMAN CORP – SEES 2018 UNDERLYING OPERATING INCOME GROWTH OF 8% TO 9%; 07/03/2018 – RPT-BROWN-FORMAN REPORTS STRONG YEAR-TO-DATE RESULTS; OPERATING INCOME UP DOUBLE-DIGITS

Dearborn Partners Llc increased its stake in Home Depot Inc (HD) by 24.98% based on its latest 2018Q1 regulatory filing with the SEC. Dearborn Partners Llc bought 20,680 shares as the company’s stock declined 0.85% with the market. The institutional investor held 103,457 shares of the consumer services company at the end of 2018Q1, valued at $18.44M, up from 82,777 at the end of the previous reported quarter. Dearborn Partners Llc who had been investing in Home Depot Inc for a number of months, seems to be bullish on the $229.31 billion market cap company. The stock decreased 0.95% or $1.9 during the last trading session, reaching $198.79. About 3.80M shares traded. The Home Depot, Inc. (NYSE:HD) has risen 19.42% since June 19, 2017 and is uptrending. It has outperformed by 6.85% the S&P500. Some Historical HD News: 25/04/2018 – WSVN 7 News: #BREAKING: Dallas mayor says a police officer has died a day after being shot at a Home Depot store; 24/04/2018 – KYTX CBS19: Sources: 2 Dallas PD officers, 1 security guard shot at Home Depot in north Dalla; 24/04/2018 – 2 Dallas Police Officers and a Security Guard Shot Outside Home Depot; 24/04/2018 – NBC DFW: #BREAKING – Several police officers are at the scene of a reported shooting near The Home Depot in northeast Dallas…; 15/05/2018 – Home Depot posts rare sales miss as delayed spring hits demand; 24/04/2018 – necn: BREAKING: Authorities confirm two Dallas police officers have been shot and critically wounded near The Home Depot…; 30/05/2018 – Constellation, GE Team with The Home Depot to Install Largest Rooftop Solar Array in Washington, D.C; 24/04/2018 – Spectrum News Austin: #BREAKING: An arrest has been made after two police officers and a civilian were shot at a Home Depot in; 15/05/2018 – Home Depot: Slow Start to Spring Selling Season; 24/04/2018 – KPRC 2 Houston: #BREAKING: 2 Dallas police officers critically injured in shooting outside Home Depot store

Dearborn Partners Llc, which manages about $1.48 billion and $1.30B US Long portfolio, decreased its stake in International Flav&Fra Com (NYSE:IFF) by 5,708 shares to 103,692 shares, valued at $14.20 million in 2018Q1, according to the filing. It also reduced its holding in Merck & Co Inc (NYSE:MRK) by 8,794 shares in the quarter, leaving it with 264,299 shares, and cut its stake in Cisco Systems (NASDAQ:CSCO).

Investors 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. House Ltd Liability Com owns 81,376 shares for 1.77% of their portfolio. Meridian Investment Counsel stated it has 12,969 shares or 1.31% of all its holdings. Palisade Asset Ltd has 2.65% invested in The Home Depot, Inc. (NYSE:HD) for 98,465 shares. Goodman Fincl Corp holds 35,794 shares or 3% of its portfolio. 7,201 are held by Trust Communications Of Oklahoma. 9,500 are held by Andra Ap. Stone Ridge Asset Mngmt Ltd reported 0.75% in The Home Depot, Inc. (NYSE:HD). Farmers Tru owns 0.76% invested in The Home Depot, Inc. (NYSE:HD) for 13,982 shares. Private Advisor Grp Limited Liability Corporation reported 0.31% in The Home Depot, Inc. (NYSE:HD). Schnieders Capital Management Limited Com holds 0.97% in The Home Depot, Inc. (NYSE:HD) or 12,655 shares. 368,650 were accumulated by Massachusetts Fincl Serv Ma. Grassi Investment Mgmt reported 38,374 shares. Jones Fin Companies Lllp has 12,163 shares for 0.01% of their portfolio. Alabama-based Birmingham Capital Mngmt Inc Al has invested 0.17% in The Home Depot, Inc. (NYSE:HD). Moreover, Edgestream Prtn Limited Partnership has 0.18% invested in The Home Depot, Inc. (NYSE:HD) for 5,066 shares.

Among 36 analysts covering The Home Depot Inc. (NYSE:HD), 25 have Buy rating, 0 Sell and 11 Hold. Therefore 69% are positive. The Home Depot Inc. had 120 analyst reports since August 19, 2015 according to SRatingsIntel. The stock of The Home Depot, Inc. (NYSE:HD) earned “Buy” rating by Citigroup on Thursday, November 16. RBC Capital Markets maintained The Home Depot, Inc. (NYSE:HD) rating on Monday, October 30. RBC Capital Markets has “Buy” rating and $179.0 target. The firm has “Outperform” rating by BMO Capital Markets given on Thursday, February 22. The stock of The Home Depot, Inc. (NYSE:HD) earned “Buy” rating by RBC Capital Markets on Thursday, December 7. The company was maintained on Wednesday, February 21 by Citigroup. The stock of The Home Depot, Inc. (NYSE:HD) earned “Neutral” rating by Goldman Sachs on Wednesday, April 6. The firm has “Buy” rating given on Wednesday, March 21 by Morgan Stanley. UBS maintained The Home Depot, Inc. (NYSE:HD) rating on Wednesday, November 18. UBS has “Buy” rating and $140 target. Stifel Nicolaus maintained The Home Depot, Inc. (NYSE:HD) on Thursday, July 20 with “Buy” rating. The stock of The Home Depot, Inc. (NYSE:HD) earned “Buy” rating by Robert W. Baird on Friday, September 8.

Since February 21, 2018, it had 3 buys, and 7 sales for $46.42 million activity. Another trade for 17,660 shares valued at $3.31M was sold by Decker Edward P.. $1.19M worth of The Home Depot, Inc. (NYSE:HD) was bought by CODINA ARMANDO M. 17,310 shares were sold by Roseborough Teresa Wynn, worth $3.21M. HOLIFIELD MARK sold $8.51M worth of stock. 113,687 shares were sold by Menear Craig A, worth $20.89M. 1,000 shares valued at $187,570 were bought by Linnartz Stephanie on Friday, June 1.

More notable recent The Home Depot, Inc. (NYSE:HD) news were published by: Seekingalpha.com which released: “Home Depot Vs. Lowe’s” on May 30, 2018, also Fool.com with their article: “Better Buy: Home Depot vs. Lowe’s” published on June 17, 2018, Seekingalpha.com published: “Tandem Diabetes Care Has Run Up A Lot – Cramer’s Lightning Round (6/15/18)” on June 18, 2018. More interesting news about The Home Depot, Inc. (NYSE:HD) were released by: Seekingalpha.com and their article: “Here’s Why Some Analysts Are Getting It Wrong With Home Depot” published on June 07, 2018 as well as Benzinga.com‘s news article titled: “How Lowe’s Earnings Stack Up To Home Depot” with publication date: May 23, 2018.

Among 12 analysts covering Brown-Forman (NYSE:BF.B), 1 have Buy rating, 2 Sell and 9 Hold. Therefore 8% are positive. Brown-Forman had 43 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Hold” on Wednesday, March 8. Cowen & Co maintained the shares of BF.B in report on Wednesday, December 6 with “Hold” rating. The rating was upgraded by Goldman Sachs to “Hold” on Thursday, September 28. The stock has “Hold” rating by SunTrust on Thursday, December 22. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, October 3 report. Credit Suisse initiated the stock with “Outperform” rating in Friday, September 16 report. Stifel Nicolaus maintained the shares of BF.B in report on Thursday, February 1 with “Hold” rating. The stock has “Hold” rating by Stifel Nicolaus on Friday, October 23. The firm earned “Hold” rating on Thursday, December 22 by Suntrust Robinson. The rating was maintained by Cowen & Co on Tuesday, August 22 with “Hold”.

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

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