Van Hulzen Asset Management Cut Home Depot (HD) Stake by $1.83 Million as Share Price Declined; Earnest Partners Boosted Its Nice LTD (NICE) Stake by $5.73 Million as Market Value Rose

April 17, 2018 - By Kurt Siggers

The Home Depot, Inc. (NYSE:HD) Logo

Earnest Partners Llc increased its stake in Nice Ltd (NICE) by 83.42% based on its latest 2017Q4 regulatory filing with the SEC. Earnest Partners Llc bought 62,939 shares as the company’s stock rose 2.77% while stock markets declined. The institutional investor held 138,389 shares of the computer manufacturing company at the end of 2017Q4, valued at $12.72 million, up from 75,450 at the end of the previous reported quarter. Earnest Partners Llc who had been investing in Nice Ltd for a number of months, seems to be bullish on the $5.98 billion market cap company. The stock increased 1.01% or $0.95 during the last trading session, reaching $94.95. About 113,177 shares traded. NICE Ltd. (NASDAQ:NICE) has risen 35.74% since April 17, 2017 and is uptrending. It has outperformed by 24.19% the S&P500.

Van Hulzen Asset Management Llc decreased its stake in Home Depot (HD) by 81.58% based on its latest 2017Q4 regulatory filing with the SEC. Van Hulzen Asset Management Llc sold 9,700 shares as the company’s stock declined 7.15% with the market. The institutional investor held 2,190 shares of the consumer services company at the end of 2017Q4, valued at $415,000, down from 11,890 at the end of the previous reported quarter. Van Hulzen Asset Management Llc who had been investing in Home Depot for a number of months, seems to be less bullish one the $201.07 billion market cap company. The stock increased 0.94% or $1.63 during the last trading session, reaching $174.43. About 3.53 million shares traded. The Home Depot, Inc. (NYSE:HD) has risen 18.94% since April 17, 2017 and is uptrending. It has outperformed by 7.39% the S&P500.

Analysts await The Home Depot, Inc. (NYSE:HD) to report earnings on May, 15. They expect $2.08 earnings per share, up 24.55% or $0.41 from last year’s $1.67 per share. HD’s profit will be $2.40 billion for 20.97 P/E if the $2.08 EPS becomes a reality. After $1.69 actual earnings per share reported by The Home Depot, Inc. for the previous quarter, Wall Street now forecasts 23.08% EPS growth.

Van Hulzen Asset Management Llc, which manages about $396.50 million and $328.65 million US Long portfolio, upped its stake in Kellogg (NYSE:K) by 47,800 shares to 51,846 shares, valued at $3.52M in 2017Q4, according to the filing. It also increased its holding in Nike (NYSE:NKE) by 12,870 shares in the quarter, for a total of 103,474 shares, and has risen its stake in Amgen (NASDAQ:AMGN).

Among 34 analysts covering The Home Depot Inc. (NYSE:HD), 24 have Buy rating, 0 Sell and 10 Hold. Therefore 71% are positive. The Home Depot Inc. had 116 analyst reports since August 19, 2015 according to SRatingsIntel. As per Friday, December 22, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Oppenheimer with “Buy” on Wednesday, June 21. The rating was maintained by BMO Capital Markets on Thursday, February 22 with “Outperform”. RBC Capital Markets maintained it with “Outperform” rating and $146 target in Wednesday, November 16 report. The rating was downgraded by Vetr to “Buy” on Wednesday, August 19. BMO Capital Markets maintained it with “Buy” rating and $17600 target in Tuesday, July 18 report. The stock of The Home Depot, Inc. (NYSE:HD) earned “Buy” rating by Stifel Nicolaus on Tuesday, August 2. Stifel Nicolaus maintained The Home Depot, Inc. (NYSE:HD) rating on Wednesday, January 24. Stifel Nicolaus has “Buy” rating and $230.0 target. The stock of The Home Depot, Inc. (NYSE:HD) has “Buy” rating given on Friday, July 21 by Jefferies. BMO Capital Markets maintained the shares of HD in report on Wednesday, September 13 with “Buy” rating.

Since December 7, 2017, it had 2 insider buys, and 5 insider sales for $36.57 million activity. $7.58M worth of The Home Depot, Inc. (NYSE:HD) shares were sold by Carey Matt. BRENNEMAN GREGORY D bought $3.00M worth of stock. $7.02M worth of The Home Depot, Inc. (NYSE:HD) was sold by Campbell Ann Marie. Decker Edward P. sold $3.31M worth of stock or 17,660 shares. Roseborough Teresa Wynn also sold $1.97M worth of The Home Depot, Inc. (NYSE:HD) on Thursday, December 7. 6,650 shares were bought by CODINA ARMANDO M, worth $1.19M.

Investors sentiment decreased to 0.93 in 2017 Q4. Its down 0.21, from 1.14 in 2017Q3. It worsened, 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. Security Bankshares Of So Dak holds 1.49% or 7,292 shares in its portfolio. 16,960 are owned by Cap Advsrs Inc Ok. Td Asset Management invested 0.7% of its portfolio in The Home Depot, Inc. (NYSE:HD). Moreover, Webster Natl Bank N A has 0.26% invested in The Home Depot, Inc. (NYSE:HD) for 10,099 shares. Employees Retirement System Of Ohio, Ohio-based fund reported 869,782 shares. Amg Natl Tru Bancorporation has invested 0.18% in The Home Depot, Inc. (NYSE:HD). Pictet Bancorp Limited holds 6,920 shares. Choate Inv Advsrs has 36,051 shares. Banque Pictet And Cie holds 0.82% in The Home Depot, Inc. (NYSE:HD) or 216,403 shares. Swiss Commercial Bank holds 4.51 million shares. 4,892 were reported by Eqis Cap Inc. Milestone Group Inc owns 2,175 shares or 0.07% of their US portfolio. Cls Investments Limited Liability Com stated it has 264 shares. 1,486 are owned by Kings Point Cap Mngmt. 150,292 are held by Meyer Handelman Com.

Earnest Partners Llc, which manages about $24.92 billion and $10.44 billion US Long portfolio, decreased its stake in Masco Corp (NYSE:MAS) by 37,555 shares to 1.18 million shares, valued at $51.72 million in 2017Q4, according to the filing. It also reduced its holding in Intercontinental (NYSE:ICE) by 30,810 shares in the quarter, leaving it with 803,155 shares, and cut its stake in Everest Re Group (NYSE:RE).

Among 13 analysts covering NICE Systems (NASDAQ:NICE), 5 have Buy rating, 0 Sell and 8 Hold. Therefore 38% are positive. NICE Systems had 28 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was upgraded by UBS to “Neutral” on Wednesday, August 26. The rating was downgraded by UBS to “Neutral” on Friday, May 27. The firm earned “Neutral” rating on Friday, November 3 by Citigroup. Oppenheimer maintained it with “Outperform” rating and $100 target in Wednesday, December 13 report. The stock has “Hold” rating by RBC Capital Markets on Sunday, August 20. The stock of NICE Ltd. (NASDAQ:NICE) has “Hold” rating given on Friday, November 3 by J.P. Morgan. The firm earned “Overweight” rating on Wednesday, June 29 by JP Morgan. The stock of NICE Ltd. (NASDAQ:NICE) has “Hold” rating given on Friday, November 3 by Jefferies. As per Friday, February 12, the company rating was maintained by RBC Capital Markets. The firm has “Outperform” rating by FBR Capital given on Thursday, July 30.

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

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