The Home Depot Attracts Institutional Investment Amid Bullish Analyst Views

The Home Depot Inc. (NYSE: HD) has seen significant investment from institutional investors in recent quarters, including Bontempo Ohly Capital Mgmt LLC. In its most recent 13F filing with the Securities & Exchange Commission, the fund revealed it acquired a new position in The Home Depot's stock during the second quarter.

The acquisition consisted of 8,575 shares valued at approximately $3,024,000, representing about 1.3% of Bontempo Ohly Capital Mgmt LLC's investment portfolio and making it the company's 25th biggest position. This is not an isolated instance, as several other institutional investors and hedge funds have also recently modified their holdings of The Home Depot's stock.

The Home Depot has been a topic of interest for analysts, with eight out of eighteen rating it a 'Buy' and thirteen assigning a 'Hold' rating. MarketBeat data indicates that the company currently has a consensus rating of 'Moderate Buy' with a target price of $375.54. Insiders have also been active in their dealings with The Home Depot, with EVP Teresa Wynn Roseborough selling 2,455 shares on August 28th and CFO Richard V. Mcphail selling 5,989 shares on August 19th.