$31 Million Bet on Home Depot by Madison Asset Management LLC

Madison Asset Management LLC recently acquired a new stake in The Home Depot, Inc. (NYSE:HD), purchasing approximately 89,709 shares valued at $31,639,000.

This investment was made during the second quarter of this year, according to a 13F filing with the Securities and Exchange Commission.

The company's share price has been affected by recent earnings reports, which showed that Home Depot exceeded consensus estimates for both revenue and adjusted diluted EPS in its fiscal second quarter.