Oak Thistle's Q2 Investments
Oak Thistle LLC Expands Investment Portfolio with Five New Equity Stakes in Q2
Key Points
GM is 92.67% owned by institutional investors and hedge funds, underscoring strong institutional interest; during the quarter, analysts Mizuho cut GM’s price target to $100 while Deutsche Bank reiterated a Buy rating with a $100 target.
RBC initiated coverage on Agilent Technologies with an Outperform rating and a $153 price target; Robert W. Baird raised Agilent’s price objective to $156 (Outperform), while Wells Fargo lowered its price objective to $160 but kept an Overweight rating.
Sherwin-Williams’ institutional ownership stands at about 77.67%; multiple funds boosted their SHW positions in Q2, including Gateway Investment Advisers (+338 shares to 1,789), Interchange Capital Partners (+242 to 1,222), PCB Capital (+51 to 1,046), and Ticino Wealth (+611 to 2,144).
Henry Schein has institutional ownership of 96.62%; Oak Thistle increased its stake by 9,197 shares to 15,052, and HSIC was trading with a opening price around 90.74, with key moving averages showing a 50-day at 84.28 and 200-day at 78.89.
Kinder Morgan discloses a quarterly dividend of $0.2975 per share (about 3.8% annual yield); ex-dividend date is August 3, and institutional investors own about 62.52% of the stock.
Oak Thistle LLC opened five new equity positions in Q2 2024, deploying capital across General Motors, Agilent Technologies, Sherwin-Williams, Henry Schein, and Kinder Morgan, according to Watchlist News and Ticker Report. The moves signal a broad expansion strategy, with total new investments spanning from a $610,000 stake in Sherwin-Williams to a $3.77 million position in Agilent Technologies.
The acquisitions span five sectors — autos, life sciences, industrials, dental supply, and energy infrastructure — suggesting Oak Thistle is betting on diversified recovery across multiple corners of the market.
GM and Agilent Draw the Biggest New Bets
Oak Thistle's largest new position went to Agilent Technologies. The firm bought 28,409 shares worth roughly $3.77 million, according to Ticker Report. That dwarfs its General Motors buy of 9,448 shares valued at about $728,000. GM is 92.67% owned by institutional investors and hedge funds — a sign of deep Wall Street confidence in the automaker.
Analyst opinion on GM was mixed this quarter. Mizuho cut its price target on GM, while Deutsche Bank held firm with a Buy rating and a $100 target. On Agilent, the outlook was warmer. RBC initiated coverage with an Outperform rating and a $153 price target. Robert W. Baird lifted its target to $156. Wells Fargo trimmed its target to $160 but kept an Overweight rating.
Sherwin-Williams Attracts a Crowd of Institutional Buyers
Oak Thistle picked up 1,773 shares of Sherwin-Williams for about $610,000. It was not alone. Several funds also added to their positions in Q2. Gateway Investment Advisers added 338 shares to reach 1,789. Interchange Capital Partners added 242 shares to reach 1,222. Ticino Wealth added 611 shares, bringing its total to 2,144, according to Watchlist News.
Institutional ownership of Sherwin-Williams stands at about 77.67%. That level of ownership means large funds control most of the float. When many of them buy at the same time, it can push the stock higher. The wave of Q2 buying suggests broad confidence in the paint and coatings giant.
Henry Schein Stake More Than Doubles in One Quarter
Oak Thistle made its boldest percentage move in Henry Schein. The firm raised its stake by 157.1%, adding 9,197 shares to bring its total to 15,052. The position is now worth about $1.26 million. Henry Schein has institutional ownership of 96.62% — one of the highest rates among the five stocks Oak Thistle targeted, according to Ticker Report.
Henry Schein shares opened near $90.74. The stock's 50-day moving average sits at $84.28, and its 200-day average is at $78.89. Both averages are below the current price. That pattern typically signals upward momentum, which may explain why multiple new investors entered the stock alongside Oak Thistle this quarter.
Kinder Morgan Buy Comes With a Nearly 4% Dividend Yield
Oak Thistle also bought 24,108 shares of Kinder Morgan for about $771,000. The energy pipeline company pays a quarterly dividend of $0.2975 per share — equal to roughly a 3.8% annual yield. The ex-dividend date is August 3, meaning buyers needed to own the stock before that date to receive the next payment, according to Watchlist News.
Institutional investors own about 62.52% of Kinder Morgan. That is notably lower than the other four stocks Oak Thistle entered this quarter. The relatively lower institutional share could mean more room for large funds to build positions — or simply that retail investors play a bigger role in this stock's ownership base.
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