As Home Depot (HD) Market Valuation Rose, Suncoast Equity Management Increased Position by $5.48 Million; Jpmorgan Chase & Co (JPM) Shareholder Rench Wealth Management Increased Holding by $3.01 Million

February 22, 2018 - By Winifred Garcia

Suncoast Equity Management increased its stake in Home Depot (HD) by 79.31% based on its latest 2017Q3 regulatory filing with the SEC. Suncoast Equity Management bought 33,604 shares as the company’s stock rose 9.30% with the market. The institutional investor held 75,974 shares of the consumer services company at the end of 2017Q3, valued at $12.43M, up from 42,370 at the end of the previous reported quarter. Suncoast Equity Management who had been investing in Home Depot for a number of months, seems to be bullish on the $216.19B market cap company. The stock increased 1.13% or $2.07 during the last trading session, reaching $185.13. About 3.65M shares traded. The Home Depot, Inc. (NYSE:HD) has risen 18.65% since February 22, 2017 and is uptrending. It has outperformed by 1.95% the S&P500.




Rench Wealth Management Inc increased its stake in Jpmorgan Chase & Co (JPM) by 445.56% based on its latest 2017Q3 regulatory filing with the SEC. Rench Wealth Management Inc bought 31,666 shares as the company’s stock declined 6.04% while stock markets rallied. The institutional investor held 38,773 shares of the major banks company at the end of 2017Q3, valued at $3.70M, up from 7,107 at the end of the previous reported quarter. Rench Wealth Management Inc who had been investing in Jpmorgan Chase & Co for a number of months, seems to be bullish on the $394.20 billion market cap company. The stock decreased 0.08% or $0.09 during the last trading session, reaching $115.1. About 12.07 million shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since February 22, 2017 and is uptrending. It has outperformed by 17.04% the S&P500.

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 112 analyst reports since August 19, 2015 according to SRatingsIntel. The rating was maintained by Goldman Sachs on Tuesday, August 18 with “Neutral”. On Monday, October 31 the stock rating was downgraded by PiperJaffray to “Neutral”. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, August 31 report. The stock has “Buy” rating by BMO Capital Markets on Friday, December 15. The company was maintained on Wednesday, November 15 by Telsey Advisory Group. Robert W. Baird maintained The Home Depot, Inc. (NYSE:HD) on Wednesday, January 10 with “Buy” rating. As per Wednesday, February 22, the company rating was maintained by RBC Capital Markets. Credit Suisse maintained it with “Buy” rating and $183.0 target in Wednesday, November 29 report. Barclays Capital maintained it with “Overweight” rating and $165 target in Wednesday, August 16 report. S&P Research maintained The Home Depot, Inc. (NYSE:HD) on Wednesday, August 19 with “Hold” rating.

Since September 7, 2017, it had 0 insider purchases, and 3 sales for $14.57 million activity. The insider Carey Matt sold 41,396 shares worth $7.58M.

Investors sentiment increased to 1.14 in Q3 2017. Its up 0.19, from 0.95 in 2017Q2. It increased, as 59 investors sold HD shares while 562 reduced holdings. 121 funds opened positions while 587 raised stakes. 796.24 million shares or 3.15% less from 822.13 million shares in 2017Q2 were reported. Chartist Ca holds 0.17% of its portfolio in The Home Depot, Inc. (NYSE:HD) for 2,199 shares. Becker Mgmt Inc has 2,199 shares for 0.01% of their portfolio. Lmr Prtn Ltd Liability Partnership owns 2,768 shares for 0.05% of their portfolio. Reliant Inv Mngmt Llc reported 24,520 shares or 3.37% of all its holdings. Arizona State Retirement invested in 298,685 shares. Kayne Anderson Rudnick Invest Management Llc holds 0.23% of its portfolio in The Home Depot, Inc. (NYSE:HD) for 154,051 shares. Boltwood invested 0.39% of its portfolio in The Home Depot, Inc. (NYSE:HD). Perkins Coie Tru Comm owns 20,665 shares. Moreover, Meritage Mngmt has 1.77% invested in The Home Depot, Inc. (NYSE:HD) for 110,469 shares. Rmb Cap Mngmt Ltd Llc holds 0.15% in The Home Depot, Inc. (NYSE:HD) or 35,628 shares. Sfmg Lc has 0.1% invested in The Home Depot, Inc. (NYSE:HD) for 3,119 shares. Buckhead Capital Management Limited Liability Corporation accumulated 32,648 shares. California-based Perigon Wealth Mngmt Lc has invested 2.64% in The Home Depot, Inc. (NYSE:HD). Winfield Associates Incorporated, Ohio-based fund reported 9,119 shares. Lbmc Advsrs Ltd Llc reported 0.04% in The Home Depot, Inc. (NYSE:HD).

Rench Wealth Management Inc, which manages about $147.20M and $145.23 million US Long portfolio, decreased its stake in Vodafone Group Plc New (NASDAQ:VOD) by 17,875 shares to 89,278 shares, valued at $2.54 million in 2017Q3, according to the filing. It also reduced its holding in Apple Inc (NASDAQ:AAPL) by 3,134 shares in the quarter, leaving it with 46,370 shares, and cut its stake in Realty Income Corp (NYSE:O).

Among 33 analysts covering JPMorgan Chase & Co (NYSE:JPM), 18 have Buy rating, 2 Sell and 13 Hold. Therefore 55% are positive. JPMorgan Chase & Co had 111 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, September 26 by Deutsche Bank. Wells Fargo maintained JPMorgan Chase & Co. (NYSE:JPM) rating on Wednesday, January 17. Wells Fargo has “Buy” rating and $130.0 target. The rating was maintained by Citigroup with “Buy” on Monday, October 5. The firm has “Hold” rating given on Friday, July 14 by Oppenheimer. Barclays Capital maintained the stock with “Buy” rating in Tuesday, January 2 report. BMO Capital Markets maintained JPMorgan Chase & Co. (NYSE:JPM) on Wednesday, August 23 with “Hold” rating. The rating was maintained by Bank of America with “Buy” on Friday, October 13. The stock has “Buy” rating by Argus Research on Friday, January 15. Jefferies maintained it with “Buy” rating and $67 target in Wednesday, February 24 report. As per Friday, July 7, the company rating was maintained by Jefferies.

Since October 25, 2017, it had 1 insider buy, and 9 selling transactions for $22.34 million activity. Scher Peter had sold 17,057 shares worth $1.91M on Saturday, January 13. $1.99 million worth of JPMorgan Chase & Co. (NYSE:JPM) was sold by Friedman Stacey on Saturday, January 13. Petno Douglas B also sold $5.43M worth of JPMorgan Chase & Co. (NYSE:JPM) on Saturday, January 13. Shares for $1.03M were sold by Lake Marianne. Giles Nicole had sold 3,783 shares worth $425,399 on Saturday, January 13. Shares for $825,327 were bought by CROWN JAMES S.

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