600,000 Shares in HP Inc (HPQ) Acquired by Honeywell International Inc.

600,000 Shares in HP Inc (HPQ) Acquired by Honeywell International Inc.

Honeywell International Inc. bought a new stake in HP Inc (NYSE:HPQ) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 600,000 shares of the computer maker’s stock, valued at approximately $10,728,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Garde Capital Inc. raised its position in shares of HP by 8.0% in the third quarter. Garde Capital Inc. now owns 48,875 shares of the computer maker’s stock valued at $1,252,000 after buying an additional 3,600 shares during the last quarter. Huntington National Bank raised its position in shares of HP by 26.9% in the third quarter. Huntington National Bank now owns 162,936 shares of the computer maker’s stock valued at $2,530,000 after buying an additional 34,555 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of HP by 37.6% in the third quarter. Advisors Asset Management Inc. now owns 1,467,261 shares of the computer maker’s stock valued at $22,787,000 after buying an additional 400,982 shares during the last quarter. APG Asset Management N.V. raised its position in shares of HP by 26.3% in the third quarter. APG Asset Management N.V. now owns 7,092,434 shares of the computer maker’s stock valued at $110,146,000 after buying an additional 1,478,333 shares during the last quarter. Finally, State of Wisconsin Investment Board raised its position in shares of HP by 72.6% in the third quarter. State of Wisconsin Investment Board now owns 2,862,338 shares of the computer maker’s stock valued at $44,452,000 after buying an additional 1,203,700 shares during the last quarter. Institutional investors own 78.94% of the company’s stock.

HP Inc (NYSE:HPQ) traded up 0.64% during trading on Friday, reaching $18.91. 11,898,040 shares of the company’s stock were exchanged. The stock has a market capitalization of $32.02 billion, a price-to-earnings ratio of 12.90 and a beta of 1.52. HP Inc has a 52 week low of $11.31 and a 52 week high of $19.03. The company’s 50 day moving average price is $17.99 and its 200-day moving average price is $16.14.

HP (NYSE:HPQ) last posted its earnings results on Wednesday, February 22nd. The computer maker reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. The firm earned $12.68 billion during the quarter, compared to analysts’ expectations of $11.82 billion. HP had a net margin of 5.17% and a negative return on equity of 63.67%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 earnings per share. On average, equities analysts expect that HP Inc will post $1.62 EPS for the current year.

Several brokerages have issued reports on HPQ. Zacks Investment Research downgraded shares of HP from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Barclays PLC raised shares of HP from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $17.00 to $22.00 in a report on Wednesday, April 19th. Citigroup Inc raised shares of HP from a “neutral” rating to a “buy” rating in a report on Tuesday, April 18th. Morgan Stanley upped their price target on shares of HP from $19.00 to $22.00 and gave the company an “overweight” rating in a report on Tuesday, April 18th. Finally, Argus reaffirmed a “buy” rating and issued a $22.00 price target (up previously from $19.00) on shares of HP in a report on Monday, February 27th. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $18.28.

In other HP news, CFO Catherine A. Lesjak sold 52,387 shares of HP stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $19.00, for a total value of $995,353.00. Following the completion of the sale, the chief financial officer now directly owns 52,387 shares in the company, valued at $995,353. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Catherine A. Lesjak sold 67,997 shares of HP stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $19.00, for a total transaction of $1,291,943.00. Following the completion of the sale, the chief financial officer now owns 67,997 shares of the company’s stock, valued at $1,291,943. The disclosure for this sale can be found here. Insiders sold 1,093,741 shares of company stock valued at $19,482,770 over the last quarter. Corporate insiders own 0.51% of the company’s stock.

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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