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Institutional Investors Pour into Home Depot Amid Strong Earnings

Guavy AI Editorial Team
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HD
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Perigon Wealth Management LLC made a significant investment in The Home Depot, Inc. ($HD) during the second quarter, purchasing 102,898 shares worth approximately $36.29 million.

This is not the only institution investing in Home Depot; other firms like Brighton Jones LLC and Sivia Capital Partners LLC have also increased their stakes in the company.

The Home Depot recently reported solid quarterly earnings and revenue exceeding analyst estimates, with a 5.7% increase in revenue year-over-year.

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