Bahl & Gaynor Inc. Lowers Position in HP Inc. $HPQ

Bahl & Gaynor Inc. decreased its holdings in HP Inc. (NYSE:HPQ) by 74.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,657 shares of the computer maker’s stock after selling 86,010 shares during the period. Bahl & Gaynor Inc.’s holdings in HP were worth $808,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Tounjian Advisory Partners LLC lifted its holdings in shares of HP by 26.8% in the 3rd quarter. Tounjian Advisory Partners LLC now owns 34,628 shares of the computer maker’s stock valued at $943,000 after acquiring an additional 7,314 shares during the last quarter. Rafferty Asset Management LLC increased its stake in HP by 2.9% in the 3rd quarter. Rafferty Asset Management LLC now owns 316,689 shares of the computer maker’s stock worth $8,623,000 after buying an additional 8,803 shares during the period. American Century Companies Inc. raised its stake in shares of HP by 3.7% during the third quarter. American Century Companies Inc. now owns 5,057,324 shares of the computer maker’s stock valued at $137,711,000 after acquiring an additional 181,176 shares in the last quarter. Huntington National Bank raised its position in HP by 2.9% during the 3rd quarter. Huntington National Bank now owns 71,000 shares of the computer maker’s stock valued at $1,933,000 after purchasing an additional 2,003 shares in the last quarter. Finally, Argent Trust Co lifted its stake in HP by 0.5% in the third quarter. Argent Trust Co now owns 178,789 shares of the computer maker’s stock worth $4,868,000 after acquiring an additional 848 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HPQ shares. Barclays reduced their target price on shares of HP from $18.00 to $16.00 and set an “underweight” rating for the company in a report on Wednesday, February 25th. Weiss Ratings reissued a “hold (c)” rating on shares of HP in a report on Thursday, January 22nd. JPMorgan Chase & Co. reduced their target price on shares of HP from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, November 26th. TD Cowen dropped their price objective on shares of HP from $28.00 to $26.00 and set a “hold” rating on the stock in a research note on Wednesday, November 26th. Finally, Morgan Stanley cut their price target on HP from $18.00 to $16.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, HP currently has an average rating of “Reduce” and an average target price of $21.58.

Insider Buying and Selling

In other HP news, CEO Enrique Lores sold 41,922 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $26.00, for a total value of $1,089,972.00. Following the completion of the transaction, the chief executive officer directly owned 141,456 shares of the company’s stock, valued at approximately $3,677,856. This trade represents a 22.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Anneliese Olson sold 16,726 shares of the stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $24.83, for a total transaction of $415,306.58. Following the completion of the sale, the insider directly owned 169 shares in the company, valued at approximately $4,196.27. The trade was a 99.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 91,969 shares of company stock valued at $2,277,993 over the last three months. 0.18% of the stock is currently owned by company insiders.

HP Stock Up 1.7%

NYSE:HPQ opened at $19.02 on Wednesday. The stock has a market capitalization of $17.39 billion, a price-to-earnings ratio of 7.20, a price-to-earnings-growth ratio of 5.19 and a beta of 1.18. The stock’s fifty day moving average is $20.14 and its two-hundred day moving average is $24.23. HP Inc. has a 52 week low of $17.56 and a 52 week high of $30.61.

HP (NYSE:HPQ) last announced its quarterly earnings data on Tuesday, February 24th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.04. The business had revenue of $14.44 billion for the quarter, compared to analysts’ expectations of $13.87 billion. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm earned $0.74 earnings per share. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. On average, sell-side analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $1.20 annualized dividend and a yield of 6.3%. HP’s dividend payout ratio is currently 45.45%.

HP Profile

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.