Keebeck Wealth Management Bets Big on Home Depot

Keebeck Wealth Management recently acquired 5,401 shares of The Home Depot, Inc. (NYSE:HD) stock during the second quarter, valued at approximately $1,905,000, according to a recent filing with the Securities and Exchange Commission.

This purchase is not an isolated event, as other institutional investors have also been increasing their stakes in Home Depot. BlackRock Inc., for example, acquired a new position in shares of Home Depot in the second quarter valued at approximately $28,771,247,000.

Home Depot has been reporting strong financials, with its latest quarterly earnings exceeding analyst estimates. The company reported fiscal second-quarter sales of $47.86 billion, up 5.7% year over year, and adjusted earnings of $4.92 per share.