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Sandro Wealth Management Invests $2.1M in Home Depot

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Sandro Wealth Management LLC has acquired a new stake in The Home Depot, Inc. (NYSE:HD) during the second quarter, according to its latest 13F filing with the Securities and Exchange Commission (SEC). The fund purchased approximately 6,041 shares of Home Depot's stock, valued at around $2.1 million.

The stake accounts for 1.5% of Sandro Wealth Management LLC's investment portfolio, making Home Depot its 21st largest position among the company's holdings. Other institutional investors have also bought into Home Depot during the second quarter, including Leeward Financial Partners LLC and Prospect Financial Services LLC.

Despite some analysts reducing their price targets for Home Depot, the company has reported solid execution in its latest quarter, exceeding consensus estimates on earnings and revenue. The board has also declared a quarterly dividend of $2.33 per share, payable September 17 to shareholders of record September 3.

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