Heartland Bank & Trust Co Invests Heavily in The Home Depot
Heartland Bank & Trust Co has made a new investment in The Home Depot, Inc. (NYSE:HD) by purchasing 4,868 shares during the second quarter.
The investment is valued at approximately $1,717,000 and represents a significant addition to Heartland Bank & Trust Co's portfolio.
This purchase is part of a larger trend in which institutional investors have been increasing their stakes in The Home Depot.
According to MarketBeat data, 70.86% of the company's stock is owned by institutional investors and hedge funds.
The Home Depot has reported strong earnings results, with adjusted earnings per share exceeding analyst consensus estimates at $4.92.