Hanseatic Management Services Inc. trimmed its holdings in Hill-Rom Holdings Inc (NYSE:HRC) by 34.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,476 shares of the medical technology company’s stock after selling 2,928 shares during the period. Hanseatic Management Services Inc.’s holdings in Hill-Rom Holdings were worth $405,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Comerica Bank raised its position in shares of Hill-Rom Holdings by 9.7% in the third quarter. Comerica Bank now owns 76,030 shares of the medical technology company’s stock valued at $6,089,000 after buying an additional 6,711 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Hill-Rom Holdings by 4.3% in the third quarter. Bank of New York Mellon Corp now owns 1,288,471 shares of the medical technology company’s stock valued at $95,348,000 after buying an additional 52,863 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Hill-Rom Holdings by 101.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,720 shares of the medical technology company’s stock valued at $204,000 after buying an additional 1,367 shares in the last quarter. Trust Investment Advisors acquired a new stake in shares of Hill-Rom Holdings in the third quarter valued at approximately $503,000. Finally, Rhumbline Advisers raised its position in shares of Hill-Rom Holdings by 10.1% in the third quarter. Rhumbline Advisers now owns 141,115 shares of the medical technology company’s stock valued at $10,443,000 after buying an additional 12,976 shares in the last quarter. Institutional investors own 82.05% of the company’s stock.
Shares of Hill-Rom Holdings Inc (HRC) traded up $1.36 on Thursday, reaching $78.29. 525,800 shares of the company’s stock traded hands, compared to its average volume of 511,122. The firm has a market capitalization of $5,068.21, a P/E ratio of 19.93, a P/E/G ratio of 1.64 and a beta of 1.19. Hill-Rom Holdings Inc has a 1-year low of $52.58 and a 1-year high of $84.65. The company has a current ratio of 1.77, a quick ratio of 1.34 and a debt-to-equity ratio of 1.55.
Hill-Rom Holdings (NYSE:HRC) last posted its earnings results on Friday, November 3rd. The medical technology company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.05. The firm had revenue of $738.30 million for the quarter, compared to analysts’ expectations of $731.10 million. Hill-Rom Holdings had a net margin of 4.87% and a return on equity of 20.27%. The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.18 earnings per share. equities analysts expect that Hill-Rom Holdings Inc will post 4.26 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.92%. Hill-Rom Holdings’s payout ratio is presently 36.18%.
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Several brokerages have commented on HRC. BidaskClub downgraded shares of Hill-Rom Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Needham & Company LLC lowered their price objective on shares of Hill-Rom Holdings from $95.00 to $93.00 and set a “buy” rating for the company in a research report on Friday, July 28th. Cantor Fitzgerald set a $86.00 price objective on shares of Hill-Rom Holdings and gave the company a “hold” rating in a research report on Friday, July 28th. Stifel Nicolaus restated a “buy” rating and set a $84.00 price objective on shares of Hill-Rom Holdings in a research report on Sunday, July 30th. Finally, Zacks Investment Research downgraded shares of Hill-Rom Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Hill-Rom Holdings presently has an average rating of “Buy” and a consensus price target of $88.57.
In other Hill-Rom Holdings news, SVP Andreas G. Frank sold 6,870 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $77.48, for a total transaction of $532,287.60. Following the sale, the senior vice president now owns 16,701 shares of the company’s stock, valued at $1,293,993.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Andreas G. Frank sold 3,940 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $77.84, for a total transaction of $306,689.60. Following the sale, the senior vice president now directly owns 16,701 shares in the company, valued at approximately $1,300,005.84. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
Hill-Rom Holdings Profile
Hill-Rom Holdings, Inc is a global medical technology company. The Company operates through four segments: North America Patient Support Systems, International Patient Support Systems, Front Line Care and Surgical Solutions. The Company’s products and services include Patient Support Systems, Front Line Care and Surgical Solutions.
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