Home Depot Stake Reduced as Investors Weigh Earnings Expectations

Boston Common Asset Management LLC reduced its stake in Home Depot's stock by 27.4% during the second quarter, according to a recent filing.

The institutional investor sold 7,439 shares of the home improvement retailer's stock and owned 19,662 shares worth $6,934,000 at the end of the reporting period.

Several other large investors have also made changes to their positions in Home Depot. Legacy Private Trust Co. increased its stake by 19.9% during the second quarter, while Leavell Investment Management Inc. grew its stake by 1.6%. ONE Advisory Partners LLC bought a new position worth about $202,000.

The company's finance chief Richard McPhail and another senior executive will help manage operations during Decker's absence.