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Institutional Investors Boost Stakes in Home Depot Amid Q2 Earnings Beat

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West Family Investments Inc., a institutional investor, purchased 3,490 shares of The Home Depot, Inc.'s stock during the second quarter.

The value of these shares is approximately $1.23 million, according to The Home Depot's most recent Form 13F filing with the Securities and Exchange Commission (SEC).

This new stake in Home Depot was one of several purchases made by institutional investors during the second quarter, including Zeit Capital LLC, which purchased a new stake worth around $26,000.

Home Depot's stock opened at $334.97 on Thursday, with a market capitalization of over $334 billion and a P/E ratio of 23.44.

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