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

Representative Richard McCormick (Republican-Georgia) recently bought shares of The Home Depot, Inc. (NYSE:HD). In a filing disclosed on April 07th, the Representative disclosed that they had bought between $1,001 and $15,000 in Home Depot stock on March 19th. The trade occurred in the Representative’s “GROWTH PARTNERS IRA” account.

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

• Purchased $1,001 – $15,000 in shares of Automatic Data Processing (NASDAQ:ADP) on 3/19/2026.
• Sold $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 3/19/2026.
• Purchased $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 3/19/2026.
• Sold $1,001 – $15,000 in shares of Analog Devices (NASDAQ:ADI) on 3/19/2026.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 3/19/2026.
• Sold $1,001 – $15,000 in shares of Automatic Data Processing (NASDAQ:ADP) on 3/19/2026.
• Purchased $1,001 – $15,000 in shares of BlackRock (NYSE:BLK) on 3/19/2026.
• Sold $1,001 – $15,000 in shares of L3Harris Technologies (NYSE:LHX) on 3/19/2026.
• Purchased $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 3/19/2026.
• Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 3/19/2026.

Home Depot Stock Performance

NYSE HD opened at $336.06 on Thursday. The company has a market capitalization of $334.72 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 3.51 and a beta of 1.09. The Home Depot, Inc. has a twelve month low of $315.31 and a twelve month high of $426.75. The stock has a fifty day simple moving average of $357.82 and a 200 day simple moving average of $365.74. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 3.62.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.20. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The business had revenue of $38.20 billion during the quarter, compared to the consensus estimate of $38.01 billion. During the same period in the prior year, the business posted $3.13 earnings per share. Home Depot’s quarterly revenue was down 3.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Sell-side analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were issued a $2.33 dividend. The ex-dividend date was Thursday, March 12th. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. Home Depot’s dividend payout ratio (DPR) is currently 65.50%.

Analyst Upgrades and Downgrades

HD has been the subject of a number of recent analyst reports. Jefferies Financial Group increased their price target on Home Depot from $424.00 to $454.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Sanford C. Bernstein increased their price target on Home Depot from $381.00 to $390.00 and gave the stock a “market perform” rating in a report on Wednesday, February 25th. Telsey Advisory Group reiterated an “outperform” rating and set a $435.00 price target on shares of Home Depot in a report on Wednesday, March 25th. Truist Financial set a $424.00 price target on shares of Home Depot in a research note on Tuesday, February 24th. Finally, Gordon Haskett upped their price objective on shares of Home Depot from $330.00 to $370.00 and gave the company a “hold” rating in a report on Wednesday, February 11th. Twenty investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $414.17.

Insider Buying and Selling

In related news, CFO Richard V. Mcphail sold 2,550 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total value of $940,669.50. Following the completion of the sale, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at $16,439,951.74. The trade was a 5.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is owned by insiders.

Institutional Trading of Home Depot

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HD. Brighton Jones LLC increased its position in Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after buying an additional 7,203 shares in the last quarter. Sivia Capital Partners LLC increased its position in Home Depot by 7.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after buying an additional 173 shares in the last quarter. Schnieders Capital Management LLC. increased its position in Home Depot by 14.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock valued at $4,248,000 after buying an additional 1,433 shares in the last quarter. Gamco Investors INC. ET AL increased its position in Home Depot by 6.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 41,160 shares of the home improvement retailer’s stock valued at $15,091,000 after buying an additional 2,425 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in Home Depot by 43.2% in the 2nd quarter. Federated Hermes Inc. now owns 127,885 shares of the home improvement retailer’s stock valued at $46,888,000 after buying an additional 38,599 shares in the last quarter. 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: Macro/market tailwind: A sharp drop in crude oil and headlines around a temporary Iran ceasefire reduced geopolitical risk and lifted consumer/retail names, providing immediate upward momentum for HD. Home Depot Shares Gain As Oil Crash Lifts Consumer Stocks
• Positive Sentiment: Valuation/contrarian view: Several pieces are framing HD as oversold or attractively discounted after recent weakness, which can prompt buying from value and income-oriented investors given HD’s dividend and long-term positioning. Oversold Home Depot stock not likely to fall much further
• Positive Sentiment: Analyst tweak: Erste Group nudged up its FY2028 EPS forecast for Home Depot (very modest), which supports the narrative that long-term earnings power remains intact despite near-term headwinds. MarketBeat – Erste Group estimate note
• Neutral Sentiment: Market-structure context: Coverage notes that HD is being watched as the Dow tests technical thresholds; that attention can intensify short-term volatility but doesn’t change fundamentals immediately. The Dow Tests a Key Technical Threshold. Watching Apple, Home Depot Stocks.
• Neutral Sentiment: Investor attention: Multiple news outlets and stock screener lists flag HD as a high-interest name (search traffic and “discounted stocks” lists), which can boost trading volume independent of fresh fundamental changes. 3 Discounted Stocks With Strong Rebound Potential
• Negative Sentiment: Business headwinds: Coverage highlights HD at a 52-week low and calls out weakening big-ticket demand, margin pressure from investments, and softer sales vs. year-ago levels — these are the core fundamental reasons for the sell-off that remains a risk to the stock. Home Depot Hits 52-Week Low: Time to Buy Now or Stay Cautious?
• Negative Sentiment: Investor skepticism: High-profile criticism (e.g., Jim Cramer highlighting it as a problematic position) and year-to-date declines amplify negative sentiment and can deter momentum investors. Jim Cramer Turns on Home Depot Stock

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

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.