Carmignac Gestion Trims Home Depot Stake, Other Investors Boost Holdings
Carmignac Gestion, a fund management company, has reduced its stake in The Home Depot, Inc. (NYSE:HD) by 14.2% during the second quarter. According to the latest 13F filing with the Securities and Exchange Commission (SEC), Carmignac Gestion sold 4,360 shares of HD stock, leaving it with a total holding of 26,374 shares. This reduction in holdings is valued at $9,288,000 as of the company's most recent SEC filing.
Bank of Nova Scotia purchased a new position in Home Depot during the second quarter, valuing its stake at approximately $118,723,000. Other large investors have also made significant purchases of HD stock, including Gator Capital Management LLC and Field & Main Bank. King Luther Capital Management Corp boosted its position in Home Depot by 0.6% during the fourth quarter, bringing its total holding to 1,240,478 shares.
Home Depot has been a popular choice among investors, with 18 analysts giving it a 'Buy' rating and only one analyst recommending a 'Sell'. The consensus target price for HD stock is $375.54, based on data from MarketBeat.com. In the latest earnings report, Home Depot posted $4.92 earnings per share, exceeding analysts' estimates of $4.73.