Home Depot (NYSE:HD) Stock Unloaded Rep. Richard McCormick

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 Stock Performance

Shares of HD opened at $338.44 on Tuesday. The Home Depot, Inc. has a 12-month low of $289.10 and a 12-month high of $426.75. The stock has a market cap of $337.47 billion, a P/E ratio of 24.04, a PEG ratio of 4.08 and a beta of 0.95. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The company has a 50-day moving average of $339.74 and a two-hundred day moving average of $341.23.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating the consensus estimate of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. During the same period in the prior year, the business earned $3.56 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, research analysts predict that The Home Depot, Inc. will post 15 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders 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 dividend on an annualized basis and a yield of 2.8%. Home Depot’s payout ratio is presently 66.19%.

Institutional Trading of Home Depot

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

Analysts Set New Price Targets

HD has been the topic of a number of recent research reports. Telsey Advisory Group reduced their target price on Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Royal Bank Of Canada boosted their price target on Home Depot from $340.00 to $343.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 12th. Piper Sandler reduced their price objective 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. UBS Group decreased their price objective on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Finally, Stifel Nicolaus lifted their price objective on Home Depot from $320.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $373.89.

Home Depot News Roundup

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

• Positive Sentiment: Wall Street expects approximately $4.72–$4.73 in earnings per share and $47.2–$47.4 billion in revenue. Stronger-than-expected results, comparable-sales growth or an improved outlook could support a recovery. Home Depot Q2 earnings preview
• Positive Sentiment: Professional-contractor demand may be helping offset weak housing turnover and elevated mortgage rates. Investors will look for evidence that “Pro” customers and larger projects are sustaining sales. Home Depot earnings preview: Pro demand and housing
• Positive Sentiment: The Bill & Melinda Gates Foundation reportedly initiated a new Home Depot position during the second quarter, providing a modest institutional-investor vote of confidence. Gates Foundation portfolio changes

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.