Sumitomo Life Insurance Company Has Cut Home Depot Com (HD) Holding By $1.59 Million; Tower International (TOWR)’s Sentiment Is 1.42

March 19, 2018 - By Jonathan Benavides

Sumitomo Life Insurance Company decreased Home Depot Inc Com (HD) stake by 19.56% reported in 2017Q3 SEC filing. Sumitomo Life Insurance Company sold 9,751 shares as Home Depot Inc Com (HD)’s stock rose 9.30%. The Sumitomo Life Insurance Company holds 40,098 shares with $6.56 million value, down from 49,849 last quarter. Home Depot Inc Com now has $208.98B valuation. The stock increased 0.50% or $0.89 during the last trading session, reaching $178.96. About 8.41M shares traded or 58.07% up from the average. The Home Depot, Inc. (NYSE:HD) has risen 18.65% since March 19, 2017 and is uptrending. It has outperformed by 1.95% the S&P500.

Tower International, Inc. manufactures and sells engineered automotive structural metal components and assemblies primarily for original equipment manufacturers. The company has market cap of $581.35 million. It operates in two divisions, North America and Europe. It has a 12.36 P/E ratio. The firm offers body structures and assemblies comprising structural metal components, including body pillars, roof rails, and side sills; and Class A surfaces and assemblies that consist of body sides, hoods, doors, fenders, and pickup truck boxes.

Sumitomo Life Insurance Company increased Mckesson Corp (NYSE:MCK) stake by 2,901 shares to 6,180 valued at $949,000 in 2017Q3. It also upped Cbs Corp New Cl B (NYSE:CBS) stake by 8,082 shares and now owns 41,116 shares. Rockwell Automation Inc Com (NYSE:ROK) was raised too.

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 115 analyst reports since August 19, 2015 according to SRatingsIntel. Atlantic Securities upgraded The Home Depot, Inc. (NYSE:HD) on Tuesday, November 28 to “Overweight” rating. BMO Capital Markets maintained the shares of HD in report on Thursday, February 22 with “Outperform” rating. As per Tuesday, January 30, the company rating was maintained by Guggenheim. The firm has “Buy” rating given on Monday, September 18 by RBC Capital Markets. The firm has “Buy” rating by Stifel Nicolaus given on Friday, December 22. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, August 16 report. As per Monday, October 31, the company rating was downgraded by Piper Jaffray. The firm earned “Hold” rating on Wednesday, November 18 by Cantor Fitzgerald. The stock of The Home Depot, Inc. (NYSE:HD) has “Buy” rating given on Thursday, November 30 by Robert W. Baird. Goldman Sachs maintained The Home Depot, Inc. (NYSE:HD) on Wednesday, April 6 with “Neutral” rating.

Analysts await The Home Depot, Inc. (NYSE:HD) to report earnings on May, 15. They expect $2.08 EPS, up 24.55% or $0.41 from last year’s $1.67 per share. HD’s profit will be $2.43 billion for 21.51 P/E if the $2.08 EPS becomes a reality. After $1.69 actual EPS reported by The Home Depot, Inc. for the previous quarter, Wall Street now forecasts 23.08% EPS growth.

Investors sentiment decreased to 0.93 in Q3 2017. Its down 0.21, from 1.14 in 2017Q2. It is negative, 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. Pictet Asset Mngmt Ltd reported 0.37% of its portfolio in The Home Depot, Inc. (NYSE:HD). Moreover, United Serv Automobile Association has 0.56% invested in The Home Depot, Inc. (NYSE:HD) for 1.17 million shares. Moreover, Tiaa Cref Inv Management Limited Com has 0.97% invested in The Home Depot, Inc. (NYSE:HD). State Of Tennessee Treasury Department reported 0.71% of its portfolio in The Home Depot, Inc. (NYSE:HD). Lmr Prns Ltd Liability Partnership stated it has 0.05% in The Home Depot, Inc. (NYSE:HD). Gw Henssler And Ltd owns 20,962 shares or 0.34% of their US portfolio. Amalgamated Bancorporation reported 0.74% of its portfolio in The Home Depot, Inc. (NYSE:HD). Monroe Natl Bank Trust Mi reported 1,779 shares stake. Torch Wealth Ltd Limited Liability Company reported 1,265 shares or 0.14% of all its holdings. Adirondack holds 9,820 shares or 1.26% of its portfolio. First City Management Inc owns 31,357 shares. Port Solutions Limited Co holds 0% of its portfolio in The Home Depot, Inc. (NYSE:HD) for 1 shares. Tiemann Invest Advsr Ltd Liability Com reported 0.68% of its portfolio in The Home Depot, Inc. (NYSE:HD). Benedict Financial Advsrs accumulated 6,307 shares. Liberty Cap reported 26,849 shares.

Since December 7, 2017, it had 1 buying transaction, and 5 selling transactions for $39.57 million activity. Another trade for 113,687 shares valued at $20.89M was sold by Menear Craig A. Campbell Ann Marie also sold $7.02 million worth of The Home Depot, Inc. (NYSE:HD) shares. Another trade for 10,916 shares valued at $1.97 million was sold by Roseborough Teresa Wynn. On Friday, March 2 the insider CODINA ARMANDO M bought $1.19 million. Another trade for 17,660 shares valued at $3.31 million was made by Decker Edward P. on Tuesday, February 27. Carey Matt had sold 41,396 shares worth $7.58 million on Friday, December 8.

Towle & Co holds 3.13% of its portfolio in Tower International, Inc. for 1.08 million shares. Zpr Investment Management owns 70,336 shares or 2.9% of their US portfolio. Moreover, Smith Graham & Co. Investment Advisors Lp has 0.99% invested in the company for 346,146 shares. The Missouri-based Sterneck Capital Management Llc has invested 0.88% in the stock. Buckhead Capital Management Llc, a Georgia-based fund reported 145,705 shares.

The stock increased 1.25% or $0.35 during the last trading session, reaching $28.3. About 154,749 shares traded or 65.57% up from the average. Tower International, Inc. (TOWR) has risen 16.50% since March 19, 2017 and is uptrending. It has underperformed by 0.20% the S&P500.

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