Notis-Mcconarty Edward Stake In Home Depot (HD) Was Raised; Ngam Advisors LP Upped Its Minerals Technologies (MTX) Holding by $432,180 as Valuation Declined

January 21, 2018 - By Richard Conner

Ngam Advisors Lp increased its stake in Minerals Technologies Inc (MTX) by 13.06% based on its latest 2017Q3 regulatory filing with the SEC. Ngam Advisors Lp bought 6,174 shares as the company’s stock declined 8.37% while stock markets rallied. The institutional investor held 53,454 shares of the major chemicals company at the end of 2017Q3, valued at $3.78M, up from 47,280 at the end of the previous reported quarter. Ngam Advisors Lp who had been investing in Minerals Technologies Inc for a number of months, seems to be bullish on the $2.71B market cap company. The stock increased 2.27% or $1.7 during the last trading session, reaching $76.75. About 197,805 shares traded or 7.86% up from the average. Minerals Technologies Inc. (NYSE:MTX) has risen 31.01% since January 21, 2017 and is uptrending. It has outperformed by 14.31% the S&P500.

Notis-Mcconarty Edward increased its stake in Home Depot (HD) by 27.21% based on its latest 2017Q3 regulatory filing with the SEC. Notis-Mcconarty Edward bought 2,227 shares as the company’s stock rose 9.30% with the market. The institutional investor held 10,410 shares of the consumer services company at the end of 2017Q3, valued at $1.70M, up from 8,183 at the end of the previous reported quarter. Notis-Mcconarty Edward who had been investing in Home Depot for a number of months, seems to be bullish on the $235.10B market cap company. The stock increased 1.51% or $3 during the last trading session, reaching $201.33. About 5.81M shares traded or 21.85% up from the average. The Home Depot, Inc. (NYSE:HD) has risen 18.65% since January 21, 2017 and is uptrending. It has outperformed by 1.95% the S&P500.

Among 3 analysts covering Minerals Technologies (NYSE:MTX), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Minerals Technologies had 8 analyst reports since August 31, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Friday, March 24 by JP Morgan. JP Morgan downgraded the shares of MTX in report on Friday, December 2 to “Neutral” rating. The rating was maintained by Wedbush on Tuesday, December 29 with “Outperform”. As per Monday, September 19, the company rating was downgraded by KeyBanc Capital Markets. The firm has “Outperform” rating given on Monday, August 31 by Wedbush. KeyBanc Capital Markets maintained the shares of MTX in report on Wednesday, September 6 with “Hold” rating. As per Thursday, May 12, the company rating was downgraded by Wedbush. The rating was upgraded by KeyBanc Capital Markets on Tuesday, October 13 to “Overweight”.

Since September 25, 2017, it had 0 insider purchases, and 1 insider sale for $1.80 million activity.

Investors sentiment decreased to 1.24 in Q3 2017. Its down 0.13, from 1.37 in 2017Q2. It dropped, as 18 investors sold MTX shares while 62 reduced holdings. 24 funds opened positions while 75 raised stakes. 32.83 million shares or 0.65% more from 32.62 million shares in 2017Q2 were reported. Ny State Teachers Retirement Systems holds 0.01% in Minerals Technologies Inc. (NYSE:MTX) or 73,140 shares. Automobile Association has invested 0% in Minerals Technologies Inc. (NYSE:MTX). Laurion Capital Mgmt LP has 3,450 shares. Invest Counselors Of Maryland Ltd Liability has 206,325 shares. California Employees Retirement, California-based fund reported 73,698 shares. State Common Retirement Fund accumulated 37,900 shares or 0% of the stock. Whittier reported 107 shares or 0% of all its holdings. Deutsche Bankshares Ag has 0.01% invested in Minerals Technologies Inc. (NYSE:MTX). Ubs Asset Americas holds 22,096 shares. Moody Financial Bank Division holds 5,520 shares or 0.02% of its portfolio. American Natl Registered Advisor Incorporated has 0.2% invested in Minerals Technologies Inc. (NYSE:MTX) for 5,610 shares. 9,524 were reported by First Advsr Limited Partnership. Eaton Vance Mgmt owns 47,950 shares. Public Employees Retirement System Of Ohio reported 6,291 shares. State Of Tennessee Treasury Department invested in 67,100 shares or 0.02% of the stock.

Ngam Advisors Lp, which manages about $16.78B and $9.47B US Long portfolio, decreased its stake in First Merchants Corp (NASDAQ:FRME) by 36,491 shares to 162,753 shares, valued at $6.99M in 2017Q3, according to the filing. It also reduced its holding in Cognizant Technology Solutio (NASDAQ:CTSH) by 24,794 shares in the quarter, leaving it with 168,841 shares, and cut its stake in Taiwan Semiconductor Mfg Ltd (NYSE:TSM).

Notis-Mcconarty Edward, which manages about $159.58M US Long portfolio, decreased its stake in Qualcomm (NASDAQ:QCOM) by 7,700 shares to 22,045 shares, valued at $1.14 million in 2017Q3, according to the filing.

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. Argus Research maintained the shares of HD in report on Wednesday, August 17 with “Buy” rating. The firm earned “Buy” rating on Friday, December 22 by Stifel Nicolaus. The firm has “Outperform” rating by Telsey Advisory Group given on Monday, December 4. The stock has “Outperform” rating by Credit Suisse on Wednesday, November 18. The rating was maintained by RBC Capital Markets on Wednesday, November 15 with “Outperform”. The firm has “Sell” rating given on Monday, August 17 by Zacks. The company was maintained on Tuesday, August 18 by Goldman Sachs. The stock has “Buy” rating by Gordon Haskett Capital Corporation on Tuesday, October 3. Robert W. Baird maintained The Home Depot, Inc. (NYSE:HD) rating on Wednesday, January 10. Robert W. Baird has “Buy” rating and $220.0 target. On Wednesday, August 16 the stock rating was upgraded by Raymond James to “Outperform”.

Investors sentiment increased to 1.14 in Q3 2017. Its up 0.19, from 0.95 in 2017Q2. It improved, 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. The Michigan-based State Treasurer State Of Michigan has invested 1.29% in The Home Depot, Inc. (NYSE:HD). Tru Of Toledo Na Oh holds 0.33% of its portfolio in The Home Depot, Inc. (NYSE:HD) for 8,017 shares. 363,220 are owned by Lpl Fincl Lc. Menta Llc stated it has 7,511 shares. Nippon Life Glob Investors Americas owns 123,519 shares. Farmers Bank & Trust has 12,201 shares for 1.21% of their portfolio. Berkshire Asset Pa accumulated 12,504 shares or 0.23% of the stock. The Ohio-based Bartlett Limited Liability Corp has invested 0.15% in The Home Depot, Inc. (NYSE:HD). Exxonmobil Inv Mgmt Inc Tx owns 215,269 shares. Hedeker Wealth Limited Liability Corp accumulated 1.62% or 11,282 shares. Arizona State Retirement Systems reported 0.58% stake. Meiji Yasuda Life Com accumulated 0.95% or 39,286 shares. Bainco Interest invested in 74,888 shares. Prudential Public Limited Company reported 1.04M shares. Roosevelt Grp Inc invested in 1.64% or 108,788 shares.

Since August 16, 2017, it had 0 insider purchases, and 5 insider sales for $18.46 million activity. The insider Carey Matt sold 41,396 shares worth $7.58M. $1.97 million worth of The Home Depot, Inc. (NYSE:HD) shares were sold by Roseborough Teresa Wynn.

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