Van Strum & Towne Inc. lowered its position in HP Inc. (NYSE:HPQ) by 0.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 170,254 shares of the computer maker’s stock after selling 775 shares during the period. HP accounts for about 1.9% of Van Strum & Towne Inc.’s holdings, making the stock its 23rd largest position. Van Strum & Towne Inc.’s holdings in HP were worth $2,976,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Trexquant Investment LP bought a new position in HP during the first quarter worth $833,000. ZWJ Investment Counsel Inc. bought a new position in HP during the first quarter worth $443,000. Cornerstone Capital Management Holdings LLC. boosted its position in HP by 106.5% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 1,462,303 shares of the computer maker’s stock worth $26,145,000 after buying an additional 754,019 shares during the last quarter. Xact Kapitalforvaltning AB boosted its position in HP by 2.4% in the second quarter. Xact Kapitalforvaltning AB now owns 256,080 shares of the computer maker’s stock worth $4,476,000 after buying an additional 6,074 shares during the last quarter. Finally, American Beacon Advisors Inc. bought a new position in HP during the first quarter worth $112,000. 78.97% of the stock is owned by hedge funds and other institutional investors.

Shares of HP Inc. (NYSE HPQ) opened at 18.90 on Friday. The company’s 50-day moving average is $18.53 and its 200 day moving average is $17.82. The firm has a market capitalization of $31.82 billion, a price-to-earnings ratio of 13.37 and a beta of 1.90. HP Inc. has a 52 week low of $13.55 and a 52 week high of $19.58.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, May 24th. The computer maker reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. The firm had revenue of $12.40 billion for the quarter, compared to analysts’ expectations of $11.93 billion. HP had a net margin of 4.94% and a negative return on equity of 68.86%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share. Analysts anticipate that HP Inc. will post $1.64 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be issued a $0.1327 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.53 annualized dividend and a yield of 2.81%. HP’s dividend payout ratio is presently 37.32%.

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A number of equities analysts recently weighed in on HPQ shares. FBN Securities reaffirmed an “outperform” rating and set a $23.00 price objective (up previously from $19.00) on shares of HP in a research report on Sunday, May 28th. Zacks Investment Research raised shares of HP from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Wednesday, July 12th. Mizuho raised shares of HP from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $20.00 to $21.00 in a research report on Monday, July 10th. BidaskClub raised shares of HP from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada increased their price objective on shares of HP from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 25th. Nine equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $19.89.

In other HP news, insider Marie Myers sold 12,119 shares of the stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $18.07, for a total transaction of $218,990.33. Following the sale, the insider now directly owns 5,621 shares of the company’s stock, valued at $101,571.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jon E. Flaxman sold 35,000 shares of the stock in a transaction on Friday, May 26th. The stock was sold at an average price of $18.26, for a total transaction of $639,100.00. Following the sale, the chief operating officer now directly owns 62,203 shares in the company, valued at $1,135,826.78. The disclosure for this sale can be found here. Insiders sold 1,748,815 shares of company stock worth $32,623,560 over the last ninety days. 0.62% of the stock is currently owned by corporate insiders.

About HP

HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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