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Bahl & Gaynor Inc. Lowers Position in HP Inc. $HPQ
Bahl & Gaynor Inc. significantly reduced its stake in HP Inc. by 74.4% in the third quarter, selling 86,010 shares and holding onto 29,657 shares. Concurrently, HP’s CEO and other insiders also sold shares, decreasing overall insider ownership to 0.18%. Wall Street analysts have a cautious “Reduce” rating on HP with an average target price of $21.58, despite recent quarterly EPS beating estimates and the announcement of a $0.30 quarterly dividend.