Medtronic Plc (MDT) Shareholder Rock Springs Capital Management LP Lowered Its Stake; Cambridge Investment Research Advisors Stake in Home Depot (HD) Boosted as Share Price Rose

January 14, 2018 - By Peter Erickson

Rock Springs Capital Management Lp decreased its stake in Medtronic Plc (MDT) by 38.16% based on its latest 2017Q3 regulatory filing with the SEC. Rock Springs Capital Management Lp sold 152,636 shares as the company’s stock rose 5.51% with the market. The hedge fund held 247,364 shares of the electromedical & electrotherapeutic apparatus company at the end of 2017Q3, valued at $19.24 million, down from 400,000 at the end of the previous reported quarter. Rock Springs Capital Management Lp who had been investing in Medtronic Plc for a number of months, seems to be less bullish one the $115.66 billion market cap company. The stock decreased 0.33% or $0.28 during the last trading session, reaching $85.45. About 5.09M shares traded. Medtronic plc (NYSE:MDT) has risen 4.04% since January 14, 2017 and is uptrending. It has underperformed by 12.66% the S&P500.

Cambridge Investment Research Advisors Inc increased its stake in Home Depot (HD) by 9.65% based on its latest 2017Q3 regulatory filing with the SEC. Cambridge Investment Research Advisors Inc bought 10,946 shares as the company’s stock rose 9.30% with the market. The institutional investor held 124,343 shares of the consumer services company at the end of 2017Q3, valued at $20.34 million, up from 113,397 at the end of the previous reported quarter. Cambridge Investment Research Advisors Inc who had been investing in Home Depot for a number of months, seems to be bullish on the $229.37 billion market cap company. The stock increased 0.89% or $1.74 during the last trading session, reaching $196.42. About 6.75 million shares traded or 45.66% up from the average. The Home Depot, Inc. (NYSE:HD) has risen 18.65% since January 14, 2017 and is uptrending. It has outperformed by 1.95% the S&P500.

Since August 16, 2017, it had 0 insider buys, and 5 insider sales for $18.46 million activity. Carey Matt sold 32,000 shares worth $5.03 million. Campbell Ann Marie sold $1.63M worth of stock.

Cambridge Investment Research Advisors Inc, which manages about $19.96B and $7.44 billion US Long portfolio, decreased its stake in Compass Minerals (NYSE:CMP) by 4,730 shares to 35,719 shares, valued at $2.32 million in 2017Q3, according to the filing. It also reduced its holding in Nuveen Municipal Credit Inc Com Sh Ben (NZF) by 22,403 shares in the quarter, leaving it with 104,910 shares, and cut its stake in Ishares Tr Core Us Aggbd (AGG).

Investors sentiment increased to 1.14 in 2017 Q3. Its up 0.19, from 0.95 in 2017Q2. It is positive, 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. Lenox Wealth, a New York-based fund reported 5 shares. Van Strum & Towne Incorporated holds 0.15% of its portfolio in The Home Depot, Inc. (NYSE:HD) for 1,404 shares. Meiji Yasuda Asset Limited reported 71,709 shares stake. Hillsdale Investment Mgmt, Ontario – Canada-based fund reported 2,580 shares. Windsor Cap Ltd Liability Corp holds 0.23% or 2,957 shares. Baker Ellis Asset Mngmt Ltd owns 0.3% invested in The Home Depot, Inc. (NYSE:HD) for 6,806 shares. Federated Pa holds 0.28% of its portfolio in The Home Depot, Inc. (NYSE:HD) for 586,210 shares. Hanson Mcclain Inc reported 8,138 shares. James Invest owns 825 shares. Aspiriant Limited Liability Com accumulated 4,439 shares or 0.06% of the stock. Washington-based Brighton Jones Limited Liability Com has invested 0.27% in The Home Depot, Inc. (NYSE:HD). Tradition Management Ltd Llc reported 0.47% in The Home Depot, Inc. (NYSE:HD). Rwc Asset Management Ltd Liability Partnership owns 0.76% invested in The Home Depot, Inc. (NYSE:HD) for 77,000 shares. Garde invested in 1,516 shares. Webster Financial Bank N A accumulated 10,049 shares.

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 102 analyst reports since August 19, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, November 15 report. Atlantic Securities upgraded the stock to “Overweight” rating in Tuesday, November 28 report. The stock has “Buy” rating by Vetr on Wednesday, August 19. The firm has “Buy” rating by Citigroup given on Thursday, November 16. The stock has “Buy” rating by Argus Research on Wednesday, August 17. Stifel Nicolaus upgraded the shares of HD in report on Wednesday, August 16 to “Buy” rating. On Wednesday, November 18 the stock rating was maintained by Cantor Fitzgerald with “Hold”. The rating was upgraded by Nomura to “Buy” on Thursday, June 23. The rating was maintained by Robert W. Baird on Tuesday, January 2 with “Buy”. The firm has “Buy” rating by Argus Research given on Wednesday, November 15.

Investors sentiment increased to 1.12 in 2017 Q3. Its up 0.22, from 0.9 in 2017Q2. It is positive, as 73 investors sold MDT shares while 392 reduced holdings. 109 funds opened positions while 414 raised stakes. 1.07 billion shares or 1.07% more from 1.06 billion shares in 2017Q2 were reported. Community And Inv has 2.02% invested in Medtronic plc (NYSE:MDT) for 241,975 shares. Wilkins Counsel reported 94,150 shares stake. California-based Violich Mngmt has invested 0.62% in Medtronic plc (NYSE:MDT). Exxonmobil Invest Management Tx, Texas-based fund reported 247,368 shares. Triangle Wealth Mgmt has invested 0.3% of its portfolio in Medtronic plc (NYSE:MDT). World Asset Mgmt, a Michigan-based fund reported 125,070 shares. First Republic Inv Management Inc stated it has 614,744 shares or 0.34% of all its holdings. Mayo Invest Advisers Ltd Llc holds 2.41% or 67,558 shares. Bessemer Group holds 0.01% or 25,426 shares in its portfolio. Iowa-based Security Savings Bank Of Sioux City Iowa Ia has invested 2.22% in Medtronic plc (NYSE:MDT). 15,834 are owned by Lombard Odier Asset Mngmt (Europe). New York-based Healthcor Mngmt LP has invested 0.17% in Medtronic plc (NYSE:MDT). Dekabank Deutsche Girozentrale reported 843,997 shares. Fiduciary Trust has invested 0.16% of its portfolio in Medtronic plc (NYSE:MDT). Piedmont Inv Advsr Ltd Liability has invested 0.49% in Medtronic plc (NYSE:MDT).

Among 28 analysts covering Medtronic (NYSE:MDT), 19 have Buy rating, 0 Sell and 9 Hold. Therefore 68% are positive. Medtronic had 78 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Medtronic plc (NYSE:MDT) earned “Neutral” rating by Wedbush on Wednesday, June 1. The company was maintained on Friday, August 26 by UBS. As per Tuesday, January 2, the company rating was upgraded by Bank of America. The stock has “Buy” rating by Evercore on Thursday, October 8. The firm has “Neutral” rating given on Tuesday, January 3 by JP Morgan. The firm has “Hold” rating by BTIG Research given on Tuesday, August 22. The firm has “Hold” rating by Northland Capital given on Wednesday, August 23. As per Wednesday, November 22, the company rating was maintained by Stifel Nicolaus. The firm earned “Buy” rating on Friday, November 17 by SunTrust. The stock of Medtronic plc (NYSE:MDT) earned “Buy” rating by Needham on Wednesday, November 23.

Rock Springs Capital Management Lp, which manages about $319.00M and $2.17B US Long portfolio, upped its stake in Axogen Inc (NASDAQ:AXGN) by 25,000 shares to 400,000 shares, valued at $7.74 million in 2017Q3, according to the filing. It also increased its holding in Sarepta Therapeutics Inc (NASDAQ:SRPT) by 54,200 shares in the quarter, for a total of 259,200 shares, and has risen its stake in Epizyme Inc (NASDAQ:EPZM).

Analysts await Medtronic plc (NYSE:MDT) to report earnings on February, 20. They expect $1.17 EPS, up 4.46% or $0.05 from last year’s $1.12 per share. MDT’s profit will be $1.58 billion for 18.26 P/E if the $1.17 EPS becomes a reality. After $1.07 actual EPS reported by Medtronic plc for the previous quarter, Wall Street now forecasts 9.35% EPS growth.

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