Home Depot Sees Surge in Institutional Investment Following Strong Earnings
Knuff & Co LLC has acquired a new stake in The Home Depot, Inc. (NYSE:HD), purchasing 8,136 shares valued at approximately $2,869,000 during the second quarter.
This investment represents just one of several recent purchases by institutional investors and hedge funds in HD stock. Parvin Asset Management LLC increased its holdings by 110% in the third quarter, with a total value of $26,000.
The home improvement retailer reported strong quarterly earnings on August 18th, surpassing analyst expectations with revenue of $47.86 billion and adjusted diluted EPS of $4.92.