Home Depot Attracts More Institutional Investment Amid Steady Price
Western Wealth Management LLC recently purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD), as per its latest Form 13F filing with the Securities & Exchange Commission. The fund bought 10,229 shares worth approximately $3,607,000.
This is not an isolated instance; several other hedge funds have also increased their positions in HD over the past few quarters. Bank of Nova Scotia acquired a new stake in Home Depot valued at $118,723,000 in the second quarter. Gator Capital Management LLC purchased 10,229 shares in the fourth quarter for $3,693,000.
The institutional ownership of Home Depot stands at 70.86%, with several top executives also selling shares in recent weeks. EVP Teresa Wynn Roseborough sold 2,455 shares on August 28th, reducing her position by 14.86%. Another executive, Michael F. Rowe, sold 710 shares on August 26th, decreasing his stake by 9.41%.
Home Depot's price has been steady, with a 52-week low of $289.10 and a high of $426.75. The company's market cap is $327.76 billion, and its PE ratio stands at 22.99.