HP Inc. $HPQ Shares Purchased by Bahl & Gaynor Inc.

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. raised its holdings in shares of HP Inc. (NYSE:HPQ - Free Report) by 2.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 2,658,753 shares of the computer maker's stock after purchasing an additional 55,880 shares during the period. Bahl & Gaynor Inc. owned 0.28% of HP worth $73,621,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HPQ. Nuveen LLC purchased a new position in shares of HP in the 1st quarter worth approximately $179,037,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of HP in the 4th quarter worth approximately $63,612,000. Invesco Ltd. grew its position in shares of HP by 19.2% in the 1st quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker's stock worth $314,022,000 after buying an additional 1,829,411 shares during the last quarter. Northern Trust Corp grew its position in shares of HP by 15.8% in the 4th quarter. Northern Trust Corp now owns 12,844,795 shares of the computer maker's stock worth $419,126,000 after buying an additional 1,755,942 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC purchased a new position in shares of HP in the 4th quarter worth approximately $55,915,000. Hedge funds and other institutional investors own 77.53% of the company's stock.

HP Trading Down 0.6%

NYSE HPQ traded down $0.18 on Monday, hitting $27.56. 8,249,648 shares of the company's stock traded hands, compared to its average volume of 7,445,016. HP Inc. has a 1-year low of $21.21 and a 1-year high of $39.79. The firm's 50-day moving average price is $25.47 and its two-hundred day moving average price is $26.88. The firm has a market capitalization of $25.89 billion, a PE ratio of 10.64, a P/E/G ratio of 2.25 and a beta of 1.29.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The computer maker reported $0.71 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.09). HP had a net margin of 4.64% and a negative return on equity of 244.99%. The business had revenue of $13.22 billion for the quarter, compared to analyst estimates of $13.09 billion. During the same quarter in the previous year, the firm posted $0.82 earnings per share. The business's revenue was up 3.3% on a year-over-year basis. HP has set its FY 2025 guidance at 3.000-3.300 EPS. Q3 2025 guidance at 0.680-0.800 EPS. On average, research analysts anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on HPQ shares. Wall Street Zen raised shares of HP from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Evercore ISI cut their price target on shares of HP from $40.00 to $32.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Zacks Research raised shares of HP from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 19th. Citigroup dropped their price objective on shares of HP from $29.00 to $27.50 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Finally, JPMorgan Chase & Co. reduced their target price on HP from $30.00 to $27.00 and set an "overweight" rating for the company in a research note on Thursday, May 29th. Two analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, HP presently has an average rating of "Hold" and an average price target of $29.54.

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.