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Central Pacific Bank Trust cuts Home Depot stake by 29.4% amid mixed analyst outlooks.

Market News
22 Mar 2026
Defense World
View Source
Bullish
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Central Pacific Bank Trust Division sold 2,241 shares of Home Depot in Q4, reducing its stake by 29.4% to 5,375 shares worth $1.85 million. Despite this, several analysts have recently raised price targets on Home Depot, reflecting a generally positive outlook with a consensus "Moderate Buy" rating. The company reported better-than-expected Q4 earnings but saw a 3.8% revenue decline year-over-year. Home Depot also raised its quarterly dividend to $2.33 per share, signaling confidence in its financial health amid mixed market sentiment and insider stock sales.

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