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Home Depot Sees Record Sales Growth Amid Institutional Investment Surge

Guavy AI Editorial Team
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Alta Advisers Ltd has acquired 3,881 shares of The Home Depot's stock in its most recent Form 13F filing with the SEC. This represents a new stake for the institutional investor, valued at approximately $1,369,000.

The acquisition is part of a trend of increased investment in Home Depot by various institutions. In the second quarter, Parvin Asset Management LLC grew its position in the company's stock by 110% during the third quarter, now owning 63 shares worth $26,000.

Home Depot has reported fiscal second-quarter sales of $47.86 billion, a 5.7% increase year-over-year. The company also exceeded analysts' consensus earnings per share estimates, with adjusted earnings of $4.92 per share.

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