Principle Wealth Partners Acquires New Stake in Home Depot, Inc.

Principle Wealth Partners LLC has acquired a new stake in The Home Depot, Inc. (NYSE:HD), purchasing 41,298 shares valued at approximately $14.565 million during the second quarter.

This is not the only investment firm to show interest in HD stock recently, as several other hedge funds and institutional investors have also added or reduced their stakes in the company.

Despite margin pressure and an uphill sales environment due to customers delaying or reducing spending on major renovations, Home Depot has shown resilience with solid earnings and revenue exceeding consensus estimates.