Rep. Richard McCormick Sells Off The Home Depot, Inc. (NYSE:HD) Stock

Posted by Micah Haroldson on Aug 18th, 2026

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 Up 1.9%

Shares of HD traded up $6.37 during mid-day trading on Tuesday, reaching $344.25. The company had a trading volume of 2,340,693 shares, compared to its average volume of 4,371,562. The company has a market capitalization of $343.26 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 4.08 and a beta of 0.95. The firm has a 50-day moving average price of $339.74 and a 200 day moving average price of $341.23. The Home Depot, Inc. has a 52 week low of $289.10 and a 52 week high of $426.75. 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 posted its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.73 by $0.19. The company had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, sell-side analysts forecast 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. Shareholders of record on Thursday, June 4th were given a dividend of $2.33 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 annualized dividend and a yield of 2.7%. Home Depot’s dividend payout ratio (DPR) is currently 66.19%.

Analyst Ratings Changes

A number of brokerages recently issued reports on HD. Robert W. Baird lowered their price target on Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Morgan Stanley cut their price objective on shares of Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. HSBC reduced their target price on Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a research note on Wednesday, May 20th. Truist Financial lowered their target price on Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Finally, Gordon Haskett lifted their price objective on shares of Home Depot from $320.00 to $330.00 in a report on Friday, June 12th. 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $373.89.

View Our Latest Stock Report on HD

Key Headlines Impacting Home Depot

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

Positive Sentiment: Quarterly results exceeded expectations. Adjusted EPS was $4.92, above the $4.73 consensus, while revenue rose 5.7% year over year to $47.86 billion, topping estimates of $47.24 billion. Home Depot beats quarterly sales estimates on steady repair demand
Positive Sentiment: Comparable sales showed resilience. Companywide comparable sales increased 1.7%, including a 1.3% gain in the U.S., as customers continued spending on repair, maintenance and smaller projects despite a sluggish housing market.
Positive Sentiment: Nationwide express delivery could support competitiveness. Home Depot launched delivery of trade-grade products and DIY essentials in three hours or less across U.S. markets, using more than 2,000 stores as fulfillment hubs. The Home Depot Expands Fastest Fulfillment in Home Improvement with Nationwide Express Delivery
Neutral Sentiment: Full-year guidance was reaffirmed. Fiscal 2026 revenue guidance remains $168.8 billion to $172.1 billion, versus the $171.2 billion analyst consensus, while EPS guidance of $14.690 to $15.278 brackets the $15.05 consensus. This limits the risk of a major outlook reset but offers little incremental upside.
Negative Sentiment: Housing-related pressures remain. Customers are favoring smaller projects over big-ticket renovations, while comparable transactions declined 1.0% and the housing market remains constrained by high mortgage rates. Investors may continue to watch for a recovery in larger projects and contractor demand.
Neutral Sentiment: Leadership uncertainty remains a consideration. CEO Ted Decker’s recently announced medical leave adds a governance and execution question, though the earnings release and outlook were delivered without a change to full-year guidance.

Institutional Trading of Home Depot

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Home Depot by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 99,635,779 shares of the home improvement retailer’s stock worth $34,284,672,000 after acquiring an additional 1,325,748 shares in the last quarter. BlackRock Inc. purchased a new position in Home Depot during the 2nd quarter worth $28,771,247,000. State Street Corp raised its holdings in shares of Home Depot by 1.8% in the fourth quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer’s stock valued at $16,147,010,000 after buying an additional 825,164 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Home Depot by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock worth $8,151,344,000 after buying an additional 343,153 shares during the period. Finally, Bank of America Corp DE purchased a new position in shares of Home Depot during the second quarter worth about $5,780,468,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

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.

Home Depot Company Profile

(Get Free Report)

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.