Home Depot (NYSE:HD) Shares Sold Rep. Richard McCormick

Key Points

• Rep. Richard McCormick sold $1,001–$15,000 of Home Depot stock on July 30 in his Growth Partners Roth IRA. He also reported selling similarly sized positions in nine other companies, including Medtronic, PepsiCo, Johnson & Johnson and McDonald’s.
• Home Depot shares opened at $338.44, near their 50- and 200-day moving averages. The company recently reported quarterly EPS and revenue slightly above estimates, with revenue up 4.8% year over year.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $373.89. Home Depot also pays a quarterly dividend of $2.33, equivalent to a 2.8% annualized yield.

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 Price Performance

Shares of HD opened at $338.44 on Tuesday. The firm 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 Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The business's 50 day moving average price is $339.74 and its two-hundred day moving average price is $341.23. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping the consensus estimate of $3.41 by $0.02. The company had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The company's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.56 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 15 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a $2.33 dividend. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Thursday, June 4th. Home Depot's payout ratio is presently 66.19%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Mizuho reduced their price target on shares of Home Depot from $415.00 to $385.00 and set an "outperform" rating for the company in a report on Wednesday, May 20th. Oppenheimer dropped their price objective on shares of Home Depot from $405.00 to $310.00 and set a "market perform" rating on the stock in a report on Monday, May 18th. Wells Fargo & Company increased their price objective on shares of Home Depot from $360.00 to $400.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 11th. Morgan Stanley reduced their target price on Home Depot from $420.00 to $400.00 and set an "overweight" rating for the company in a research note on Wednesday, May 20th. Finally, UBS Group dropped their price target 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. Eighteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $373.89.

Institutional Trading of Home Depot

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HD. Parvin Asset Management LLC boosted its holdings in Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock worth $26,000 after acquiring an additional 33 shares during the last quarter. Zeit Capital LLC bought a new stake in shares of Home Depot in the 2nd quarter worth $26,000. Advocate Investing Services LLC bought a new position in shares of Home Depot during the fourth quarter valued at about $25,000. Key Capital Management INC bought a new position in shares of Home Depot during the fourth quarter valued at about $28,000. Finally, Cache Advisors LLC purchased a new position in Home Depot during the first quarter worth about $27,000. 70.86% of the stock is owned by institutional investors.

Key Stories Impacting Home Depot

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.

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