S&CO Inc. Takes Position in Home Depot Stock Worth $7.366 Million
S&CO Inc., an institutional investor, has acquired a new stake in shares of The Home Depot, Inc. (NYSE: HD) worth approximately $7.366 million during the second quarter, according to its most recent 13F filing with the SEC.
The company purchased 20,887 shares of the home improvement retailer's stock, which represents an increase in institutional ownership in the company.
This is not an isolated incident, as other hedge funds have also modified their holdings of The Home Depot. For example, Curio Wealth LLC boosted its holdings by 13.5% in the fourth quarter and now owns 218 shares valued at $76,000 after acquiring an additional 26 shares during the last quarter.
Home Depot's recent quarterly earnings results showed solid execution, with earnings and revenue exceeding analysts' consensus estimates. The company reported $4.92 earnings per share for the quarter, beating analysts' expectations of $4.73 by $0.19.