Patron Partners Acquires New Stake in Home Depot Amid Institutional Investor Interest

Patron Partners LLC has acquired a new stake in shares of The Home Depot, Inc. (NYSE:HD) worth approximately $1,492,000, according to its most recent filing with the Securities and Exchange Commission (SEC). This acquisition consists of 4,230 shares purchased during the 2nd quarter.

This is not the only institutional investor to have made changes to their positions in HD. Other investors such as Advocate Investing Services LLC, Parvin Asset Management LLC, Zeit Capital LLC, Cache Advisors LLC, and Merkkuri Wealth Advisors LLC have also bought new stakes or increased their holdings in the home improvement retailer.

The firm's market capitalization stands at $329.04 billion, with a PE ratio of 23.08 and a P/E/G ratio of 3.62. Home Depot has reported its quarterly earnings data for the period ending August 18th, exceeding analyst estimates with adjusted earnings of $4.92 per share on revenue of $47.86 billion.