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Procyon Advisors cuts Home Depot stake by 25.9% amid mixed analyst outlook and dividend hike.

Market News
23 Mar 2026
Defense World
View Source
Neutral
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Procyon Advisors LLC reduced its holdings in The Home Depot by 25.9% in Q4, selling 6,415 shares. Despite this, several other funds increased their stakes. Home Depot recently reported better-than-expected earnings but saw a 3.8% revenue decline year-over-year. The company raised its quarterly dividend to $2.33 per share, signaling confidence. Analysts remain mixed with price targets ranging from $381 to $435, and the stock holds a moderate buy consensus. Market conditions and increased put option activity suggest some investor caution ahead.

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