Van Strum & Towne Inc. Sells 104,666 Shares of HP Inc. $HPQ

Van Strum & Towne Inc. lowered its position in HP Inc. (NYSE:HPQ) by 78.4% during the 3rd quarter, Holdings Channel reports. The firm owned 28,837 shares of the computer maker’s stock after selling 104,666 shares during the quarter. Van Strum & Towne Inc.’s holdings in HP were worth $902,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Callan Family Office LLC bought a new position in HP during the 2nd quarter worth about $3,029,000. BlackRock Inc. purchased a new position in HP during the 2nd quarter valued at about $2,357,757,000. Caxton Associates LLP raised its holdings in shares of HP by 625.6% in the 1st quarter. Caxton Associates LLP now owns 172,893 shares of the computer maker’s stock valued at $3,321,000 after purchasing an additional 149,067 shares in the last quarter. Vest Financial LLC raised its holdings in shares of HP by 51.6% in the 2nd quarter. Vest Financial LLC now owns 372,407 shares of the computer maker’s stock valued at $8,171,000 after purchasing an additional 126,811 shares in the last quarter. Finally, Mission Wealth Management LP lifted its position in shares of HP by 145.0% in the 2nd quarter. Mission Wealth Management LP now owns 96,344 shares of the computer maker’s stock worth $2,114,000 after purchasing an additional 57,027 shares during the period. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HPQ. Wall Street Zen downgraded shares of HP from a “buy” rating to a “hold” rating in a research note on Sunday, November 8th. UBS Group boosted their price objective on shares of HP from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, August 27th. Barclays upped their target price on HP from $19.00 to $23.00 and gave the stock an “underweight” rating in a report on Friday, August 28th. Weiss Ratings upgraded HP from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, November 3rd. Finally, The Goldman Sachs Group increased their target price on HP from $21.00 to $22.00 and gave the company a “sell” rating in a research report on Monday, August 31st. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.30.

Insider Buying and Selling at HP

In other news, insider David P. Mcquarrie sold 31,572 shares of the business’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $32.12, for a total transaction of $1,014,092.64. Following the sale, the insider owned 8,008 shares in the company, valued at approximately $257,216.96. The trade was a 79.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Anneliese Olson sold 18,997 shares of the business’s stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $32.56, for a total transaction of $618,542.32. Following the sale, the insider directly owned 169 shares in the company, valued at approximately $5,502.64. This represents a 99.12% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.18% of the company’s stock.

HP Stock Up 0.1%

Shares of HP stock opened at $29.00 on Friday. The firm’s 50 day moving average price is $31.47 and its 200-day moving average price is $24.93. HP Inc. has a 52-week low of $17.56 and a 52-week high of $36.22. The company has a market cap of $26.15 billion, a P/E ratio of 8.44, a PEG ratio of 1.58 and a beta of 1.16.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.17. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The company had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.44 billion. During the same period last year, the firm earned $0.75 earnings per share. HP’s revenue was up 12.5% compared to the same quarter last year. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. As a group, equities research analysts forecast that HP Inc. will post 3.23 EPS for the current fiscal year.

About HP

HP Inc. is a global technology company that develops and sells personal computing and printing products and services. Its offerings include laptops, desktop computers, workstations, displays, accessories and peripherals, as well as printers, printing supplies and related solutions for consumers, businesses and public-sector customers. The company organizes its business around Personal Systems and Printing. In addition to hardware, HP provides services and solutions such as device management and managed print services, and it offers technologies for commercial and industrial printing.