Rep. David Taylor Purchases Shares of The Home Depot, Inc. (NYSE:HD)

Representative David Taylor (Republican-Ohio) recently bought shares of The Home Depot, Inc. (NYSE:HD). In a filing disclosed on March 20th, the Representative disclosed that they had bought between $1,001 and $15,000 in Home Depot stock on March 12th. The trade occurred in the Representative’s “DAVID TAYLOR TRUST > SARDINIA READY MIX 401(K) – DAVE” account.

Representative David Taylor also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Chevron (NYSE:CVX) on 3/12/2026.
• Purchased $1,001 – $15,000 in shares of Lam Research (NASDAQ:LRCX) on 3/12/2026.
• Purchased $1,001 – $15,000 in shares of Installed Building Products (NYSE:IBP) on 3/12/2026.
• Purchased $1,001 – $15,000 in shares of RPM International (NYSE:RPM) on 3/12/2026.
• Purchased $1,001 – $15,000 in shares of Parker-Hannifin (NYSE:PH) on 3/12/2026.
• Sold $1,001 – $15,000 in shares of Marathon Petroleum (NYSE:MPC) on 3/11/2026.
• Purchased $1,001 – $15,000 in shares of Fifth Third Bancorp (NASDAQ:FITB) on 3/11/2026.
• Sold $1,001 – $15,000 in shares of Chevron (NYSE:CVX) on 3/11/2026.
• Purchased $1,001 – $15,000 in shares of RPM International (NYSE:RPM) on 3/11/2026.
• Purchased $1,001 – $15,000 in shares of Visa (NYSE:V) on 2/26/2026.

Home Depot Stock Performance

Shares of HD traded up $1.92 during midday trading on Wednesday, reaching $332.83. 1,779,644 shares of the stock were exchanged, compared to its average volume of 4,270,515. The stock’s 50 day simple moving average is $369.70 and its 200 day simple moving average is $372.56. The company has a market cap of $331.50 billion, a P/E ratio of 23.39, a PEG ratio of 3.62 and a beta of 1.09. The Home Depot, Inc. has a twelve month low of $320.26 and a twelve month high of $426.75. 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 released its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, beating the consensus estimate of $2.52 by $0.20. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The business had revenue of $38.20 billion for the quarter, compared to the consensus estimate of $38.01 billion. During the same period in the prior year, the company posted $3.13 earnings per share. Home Depot’s revenue was down 3.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, March 12th. This is a positive change from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s dividend payout ratio (DPR) is 65.50%.

Hedge Funds Weigh In On Home Depot

Several hedge funds and other institutional investors have recently modified their holdings of HD. J. Derek Lewis & Associates Inc. bought a new position in Home Depot in the fourth quarter valued at about $1,448,000. Purpose Unlimited Inc. bought a new position in shares of Home Depot in the fourth quarter worth about $162,000. Stance Capital LLC boosted its stake in shares of Home Depot by 20.7% in the 4th quarter. Stance Capital LLC now owns 3,836 shares of the home improvement retailer’s stock valued at $1,320,000 after purchasing an additional 657 shares in the last quarter. Cornerstone Planning LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at approximately $2,763,000. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of Home Depot by 19.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 934,312 shares of the home improvement retailer’s stock valued at $321,497,000 after purchasing an additional 148,875 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot News Roundup

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

• Positive Sentiment: SRS Distribution (Home Depot subsidiary) agreed to acquire Mingledorff’s, a 42-location HVAC wholesaler in the southeastern U.S., giving HD direct entry into HVAC distribution and strengthening its Pro capabilities — an expansion into an estimated $100B HVAC opportunity. The Home Depot Subsidiary SRS Distribution Enters into Agreement to Acquire Wholesale HVAC Distributor Mingledorff’s
• Positive Sentiment: Analysts reinforced bullish views on the deal: J.P. Morgan reiterated a Buy, highlighting how the Mingledorff’s acquisition expands the Pro platform and TAM. This supports investor confidence in long-term growth from trade customers. Expanding the Pro Platform: Home Depot’s Mingledorff’s Acquisition Unlocks a $100B HVAC Opportunity
• Positive Sentiment: Telsey Advisory Group reaffirmed an Outperform rating and set a $435 price target, signaling strong upside expectations tied to HD’s Pro initiatives and long-term margins. Benzinga coverage of Telsey Advisory Group note
• Positive Sentiment: Home Depot is also upgrading its Pro digital tools and project-management features to deepen engagement with professional customers—an operational push that should help drive higher share-of-wallet from contractors over time. The Home Depot beefs up digital shopping experience for pros
• Neutral Sentiment: BNP Paribas Exane trimmed its price target from $391 to $348 and moved to Neutral — a more cautious view that moderates some of the upside but still implies modest appreciation from current levels. BNP Paribas Exane rating update
• Neutral Sentiment: Home Depot plans to open 12 new U.S. stores in 2026, a steady but measured physical expansion that complements its Pro/distribution strategy without dramatically changing capital intensity. Home Depot to open 12 new US stores in 2026. See where.
• Negative Sentiment: Competitive pressure from specialty chains like Floor & Decor—highlighted in recent comparisons—remains a risk as those peers accelerate expansion and niche execution, which could limit Home Depot’s share gains in certain categories. Home Depot vs. Floor & Decor: Which Home Improvement Stock Is Better?

Insider Buying and Selling

In other news, CFO Richard V. Mcphail sold 2,550 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total transaction of $940,669.50. Following the completion of the transaction, the chief financial officer directly owned 44,566 shares in the company, valued at approximately $16,439,951.74. This represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the stock in a transaction on Friday, December 26th. The shares were sold at an average price of $348.52, for a total value of $1,000,949.44. Following the completion of the transaction, the executive vice president owned 13,196 shares of the company’s stock, valued at $4,599,069.92. The trade was a 17.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on HD shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Home Depot in a report on Monday, December 29th. Truist Financial set a $424.00 price target on Home Depot in a research report on Tuesday, February 24th. Wolfe Research raised their price objective on Home Depot from $413.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. Royal Bank Of Canada lifted their price objective on Home Depot from $363.00 to $377.00 and gave the company a “sector perform” rating in a report on Wednesday, February 25th. Finally, Wells Fargo & Company upped their target price on Home Depot from $395.00 to $420.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average target price of $414.52.

About Representative Taylor

David Taylor (Republican Party) is a member of the U.S. House, representing Ohio’s 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Taylor (Republican Party) ran for election to the U.S. House to represent Ohio’s 2nd Congressional District. He won in the general election on November 5, 2024.

David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor’s career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.

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.