Home Depot Sees Growing Institutional Support Amid Strong Q2 Earnings
LaSalle St. Investment Advisors LLC bought 3,382 shares of The Home Depot, Inc.'s stock during the second quarter, worth around $1,193,000.
The acquisition is part of a larger trend, with institutional investors increasing their stakes in Home Depot. Brighton Jones LLC, for example, lifted its holdings by 36.5% in the fourth quarter, while Sivia Capital Partners LLC grew its stake by 7.1%. Schnieders Capital Management LLC also expanded its position by 14.1%, and Darwin Wealth Management LLC bought a new stake worth about $1,773,000.
Home Depot's CFO, Richard V. Mcphail, recently sold 5,989 shares of the company's stock on August 19th, reducing his direct holdings by 11.07%. EVP Michael F. Rowe also sold 710 shares in a separate transaction on August 26th, decreasing his stake by 9.41%.