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

Key Points

• Bahl & Gaynor Inc. has increased its holding in HP Inc. by 2.1%, now owning approximately 2.66 million shares valued at $73.6 million.
• HP's latest earnings report revealed an EPS of $0.71, falling short of expectations, despite a revenue increase of 3.3% year-over-year.
• The company has announced a quarterly dividend of $0.2894, equating to a 4.2% dividend yield, payable to shareholders on October 1st.

Bahl & Gaynor Inc. grew its holdings in shares of HP Inc. (NYSE:HPQ - Free Report) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,658,753 shares of the computer maker's stock after acquiring an additional 55,880 shares during the period. Bahl & Gaynor Inc. owned 0.28% of HP worth $73,621,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in HP during the 4th quarter worth about $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of HP during the 1st quarter worth about $35,000. CoreCap Advisors LLC boosted its position in shares of HP by 71.9% during the 4th quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker's stock worth $46,000 after purchasing an additional 587 shares in the last quarter. Iron Horse Wealth Management LLC bought a new position in shares of HP during the 1st quarter worth about $39,000. Finally, Financial Freedom LLC boosted its position in shares of HP by 141.4% during the 1st quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker's stock worth $42,000 after purchasing an additional 878 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors and hedge funds.

HP Stock Performance

Shares of HP stock traded up $0.53 during mid-day trading on Thursday, hitting $27.64. 10,062,308 shares of the stock were exchanged, compared to its average volume of 8,275,528. HP Inc. has a 12 month low of $21.21 and a 12 month high of $39.79. The company has a 50-day simple moving average of $25.59 and a 200 day simple moving average of $26.88. The company has a market capitalization of $25.96 billion, a P/E ratio of 10.67, a P/E/G ratio of 2.19 and a beta of 1.29.

HP (NYSE:HPQ - Get Free Report) last posted its earnings results on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. HP had a net margin of 4.64% and a negative return on equity of 244.99%. The firm had revenue of $13.93 billion for the quarter, compared to analysts' expectations of $13.69 billion. During the same quarter last year, the firm earned $0.83 EPS. The company's quarterly revenue was up 3.1% compared to the same quarter last year. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Analysts predict that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.16 annualized dividend and a dividend yield of 4.2%. HP's dividend payout ratio (DPR) is currently 44.79%.

Analyst Upgrades and Downgrades

HPQ has been the topic of a number of research analyst reports. Wells Fargo & Company cut their price objective on shares of HP from $35.00 to $25.00 and set an "underweight" rating on the stock in a research report on Thursday, May 29th. TD Cowen cut their price objective on shares of HP from $38.00 to $28.00 and set a "hold" rating on the stock in a research report on Thursday, May 29th. Bank of America cut their price objective on shares of HP from $35.00 to $33.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Barclays cut their price objective on shares of HP from $28.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Thursday. Finally, JPMorgan Chase & Co. cut their price objective on shares of HP from $30.00 to $27.00 and set an "overweight" rating on the stock in a research report on Thursday, May 29th. Two analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $29.71.

HP Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.