NewEdge Advisors Boosts Stake in Home Depot
NewEdge Advisors LLC has increased its stake in The Home Depot Inc (NYSE:HD) by 1.9% during Q2, according to a recent SEC filing.
The firm now owns 472,273 shares of the home improvement retailer's stock, which is valued at $166,561,000 as of its most recent filing with the SEC.
This is not an isolated incident, as several other institutional investors and hedge funds have also made changes to their positions in HD during Q2. For example, Parvin Asset Management LLC raised its holdings in Home Depot by 110% in the third quarter, while Zeit Capital LLC purchased a new stake in shares of Home Depot valued at approximately $26,000.
The firm has set its FY 2026 guidance at 14.690-15.278 EPS, and analysts forecast that The Home Depot Inc will post 15 earnings per share for the current fiscal year.