JPMorgan Chase & Co. cut its stake in shares of Hill-Rom Holdings Inc (NYSE:HRC) by 18.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 438,218 shares of the medical technology company’s stock after selling 101,842 shares during the quarter. JPMorgan Chase & Co. owned about 0.67% of Hill-Rom Holdings worth $34,887,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HRC. Independent Portfolio Consultants Inc. increased its holdings in shares of Hill-Rom Holdings by 171.5% during the second quarter. Independent Portfolio Consultants Inc. now owns 1,344 shares of the medical technology company’s stock valued at $107,000 after acquiring an additional 849 shares in the last quarter. Meadow Creek Investment Management LLC increased its holdings in shares of Hill-Rom Holdings by 3.9% during 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 acquiring an additional 64 shares in the last quarter. Neuburgh Advisers LLC increased its holdings in shares of Hill-Rom Holdings by 3.9% during the first quarter. Neuburgh Advisers LLC now owns 2,332 shares of the medical technology company’s stock valued at $165,000 after acquiring an additional 88 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Hill-Rom Holdings by 10.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,201 shares of the medical technology company’s stock valued at $175,000 after acquiring an additional 204 shares in the last quarter. Finally, Bancorpsouth Inc. bought a new position in shares of Hill-Rom Holdings during the first quarter valued at $210,000. Hedge funds and other institutional investors own 82.31% of the company’s stock.

HRC has been the subject of several analyst reports. Zacks Investment Research downgraded Hill-Rom Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. BidaskClub downgraded Hill-Rom Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Morgan Stanley increased their price objective on Hill-Rom Holdings from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, June 30th. Cantor Fitzgerald set a $86.00 price objective on Hill-Rom Holdings and gave the company a “hold” rating in a research report on Friday, July 28th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $84.00 price objective on shares of Hill-Rom Holdings in a research report on Sunday, July 30th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $88.17.

In other news, SVP Andreas G. Frank sold 6,870 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $77.48, for a total value of $532,287.60. Following the sale, the senior vice president now owns 16,701 shares in the company, valued at $1,293,993.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Andreas G. Frank sold 3,940 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $77.84, for a total value of $306,689.60. Following the completion of the sale, the senior vice president now owns 16,701 shares in the company, valued at approximately $1,300,005.84. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.

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Shares of 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 company’s 50 day moving average price is $75.30 and its 200 day moving average price is $75.12. The stock has a market capitalization of $4.98 billion, a PE ratio of 44.06 and a beta of 1.21.

Hill-Rom Holdings (NYSE:HRC) last announced its earnings results on Friday, July 28th. The medical technology company reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.01. The company had revenue of $689.10 million for the quarter, compared to analyst estimates of $695.50 million. Hill-Rom Holdings had a return on equity of 19.99% and a net margin of 4.27%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.81 EPS. On average, equities research analysts anticipate that Hill-Rom Holdings Inc will post $3.82 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.72 annualized dividend and a yield of 0.95%. Hill-Rom Holdings’s payout ratio is presently 41.62%.

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.

Institutional Ownership by Quarter for Hill-Rom Holdings (NYSE:HRC)

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