Rep. Richard McCormick Sells Shares of The Home Depot, Inc. (NYSE:HD)

Representative Richard McCormick (Republican-Georgia) recently sold shares of The Home Depot, Inc. (NYSE:HD). In a filing disclosed on August 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Home Depot stock on July 30th. The trade occurred in the Representative’s “GROWTH PARTNERS ROTH IRA” account.

Representative Richard McCormick also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Medtronic (NYSE:MDT) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of L3Harris Technologies (NYSE:LHX) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Intercontinental Exchange (NYSE:ICE) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Illinois Tool Works (NYSE:ITW) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Emerson Electric (NYSE:EMR) on 7/30/2026.

Home Depot Trading Down 0.1%

HD opened at $338.44 on Tuesday. The Home Depot, Inc. has a twelve month low of $289.10 and a twelve month high of $426.75. The company has a fifty day moving average of $339.74 and a 200-day moving average of $341.23. The stock has a market cap of $337.47 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 4.08 and a beta of 0.95. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, beating analysts’ consensus estimates of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business had revenue of $47.86 billion for the quarter, compared to analysts’ expectations of $47.24 billion. On average, sell-side analysts predict that The Home Depot, Inc. will post 15 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a dividend of $2.33 per share. The ex-dividend date was Thursday, June 4th. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. Home Depot’s dividend payout ratio is 66.19%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Piper Sandler cut their target price on Home Depot from $422.00 to $421.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Citigroup lowered their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Oppenheimer cut their price target on Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a report on Monday, May 18th. UBS Group lowered their price objective on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Finally, Jefferies Financial Group dropped their target price on shares of Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $373.89.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Advocate Investing Services LLC purchased a new position in shares of Home Depot in the 4th quarter worth approximately $25,000. Zeit Capital LLC purchased a new stake in Home Depot during the second quarter valued at about $26,000. Parvin Asset Management LLC lifted its stake in shares of Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 33 shares in the last quarter. Cache Advisors LLC purchased a new stake in shares of Home Depot during the first quarter worth $27,000. Finally, Key Capital Management INC purchased a new position in shares of Home Depot in the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Key Stories Impacting Home Depot

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Adjusted earnings per share of $4.92 exceeded the $4.73 analyst consensus, while revenue rose 5.7% year over year to $47.86 billion, ahead of the $47.24 billion estimate. The results indicate that resilient repair and maintenance demand is offsetting sluggish home sales and remodeling activity. Home Depot Stock Rises as Earnings Defy Housing Slump
• Positive Sentiment: Comparable sales increased 1.7% overall and 1.3% in the United States. Average ticket growth of 2.8% helped offset a 1.0% decline in comparable customer transactions, suggesting customers are making fewer but larger purchases. The Home Depot Announces Second Quarter Fiscal 2026 Results
• Positive Sentiment: Management reaffirmed fiscal 2026 guidance for total sales growth of approximately 2.5% to 4.5% and comparable-sales growth ranging from flat to 2.0%, reducing the risk of a near-term outlook reset. Home Depot Reaffirms Guidance

About Representative McCormick

Rich McCormick (Republican Party) is a member of the U.S. House, representing Georgia’s 7th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

McCormick (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 7th Congressional District. He declared candidacy for the 2026 election.

Rich McCormick lives in Suwanee, Georgia. McCormick served in the U.S. Marine Corps and the U.S. Navy. He earned an M.B.A. from National University and an M.D. from Morehouse School of Medicine. McCormick’s career experience includes working as an emergency medicine physician with Gwinnett Medical Center and Northside Hospital, a Marine officer instructor with Georgia Tech and Morehouse College, and a pilot.

About Home Depot

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.