Andreas G. Frank Sells 3,940 Shares of Hill-Rom Holdings Inc (HRC) Stock
Hill-Rom Holdings Inc (NYSE:HRC) SVP Andreas G. Frank sold 3,940 shares of Hill-Rom Holdings stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 16,701 shares in the company, valued at approximately $1,300,005.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Hill-Rom Holdings Inc (NYSE:HRC) opened at 75.60 on Friday. Hill-Rom Holdings Inc has a 52-week low of $50.50 and a 52-week high of $84.65. The stock has a market capitalization of $4.98 billion, a PE ratio of 44.06 and a beta of 1.21. The firm’s 50-day moving average is $75.30 and its 200 day moving average is $75.12.
Hill-Rom Holdings (NYSE:HRC) last issued its earnings results on Friday, July 28th. The medical technology company reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.01. Hill-Rom Holdings had a net margin of 4.27% and a return on equity of 19.99%. The firm had revenue of $689.10 million during the quarter, compared to the consensus estimate of $695.50 million. During the same quarter in the prior year, the firm earned $0.81 earnings per share. The business’s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities analysts forecast that Hill-Rom Holdings Inc will post $3.82 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, September 14th. Hill-Rom Holdings’s payout ratio is presently 41.62%.
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A number of large investors have recently modified their holdings of HRC. Independent Portfolio Consultants Inc. increased its stake in Hill-Rom Holdings by 171.5% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,344 shares of the medical technology company’s stock valued at $107,000 after purchasing an additional 849 shares in the last quarter. Meadow Creek Investment Management LLC increased its stake in Hill-Rom Holdings by 3.9% in the first quarter. Meadow Creek Investment Management LLC now owns 1,696 shares of the medical technology company’s stock valued at $120,000 after purchasing an additional 64 shares in the last quarter. Seven Eight Capital LP bought a new stake in Hill-Rom Holdings in the second quarter valued at approximately $127,000. Acrospire Investment Management LLC increased its stake in Hill-Rom Holdings by 43.4% in the second quarter. Acrospire Investment Management LLC now owns 1,983 shares of the medical technology company’s stock valued at $158,000 after purchasing an additional 600 shares in the last quarter. Finally, Neuburgh Advisers LLC increased its stake in Hill-Rom Holdings by 3.9% in the first quarter. Neuburgh Advisers LLC now owns 2,332 shares of the medical technology company’s stock valued at $165,000 after purchasing an additional 88 shares in the last quarter. 82.31% of the stock is owned by hedge funds and other institutional investors.
HRC has been the topic of several recent research reports. Zacks Investment Research lowered shares of Hill-Rom Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub lowered shares of Hill-Rom Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Morgan Stanley lifted their price target on shares of Hill-Rom Holdings from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, June 30th. Cantor Fitzgerald set a $86.00 price target on shares of Hill-Rom Holdings and gave the stock a “hold” rating in a research report on Friday, July 28th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $84.00 price target on shares of Hill-Rom Holdings in a research report on Sunday, July 30th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Hill-Rom Holdings has an average rating of “Buy” and an average price target of $88.17.
Hill-Rom Holdings Company 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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