ProShare Advisors LLC lowered its holdings in shares of Hill-Rom Holdings Inc (NYSE:HRC) by 12.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,394 shares of the medical technology company’s stock after selling 793 shares during the period. ProShare Advisors LLC’s holdings in Hill-Rom Holdings were worth $429,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of HRC. Independent Portfolio Consultants Inc. boosted its stake in Hill-Rom Holdings by 171.5% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,344 shares of the medical technology company’s stock worth $107,000 after purchasing an additional 849 shares during the period. Seven Eight Capital LP acquired a new stake in Hill-Rom Holdings during the 2nd quarter worth $127,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Hill-Rom Holdings by 10.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,201 shares of the medical technology company’s stock worth $175,000 after purchasing an additional 204 shares during the period. Atria Investments LLC acquired a new stake in Hill-Rom Holdings during the 2nd quarter worth $224,000. Finally, Parametrica Management Ltd acquired a new stake in Hill-Rom Holdings during the 2nd quarter worth $288,000. Hedge funds and other institutional investors own 82.31% of the company’s stock.

Shares of Hill-Rom Holdings Inc (HRC) opened at 77.38 on Friday. The stock has a 50 day moving average of $75.32 and a 200 day moving average of $75.89. Hill-Rom Holdings Inc has a 1-year low of $50.50 and a 1-year high of $84.65. The firm has a market cap of $5.10 billion, a PE ratio of 45.09 and a beta of 1.19.

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

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.18 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.72 annualized dividend and a dividend yield of 0.93%. Hill-Rom Holdings’s dividend payout ratio is currently 41.62%.

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In other news, SVP Andreas G. Frank sold 6,870 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $77.48, for a total transaction of $532,287.60. Following the completion of the transaction, the senior vice president now owns 16,701 shares in the company, valued at $1,293,993.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $306,689.60. Following the transaction, the senior vice president now owns 16,701 shares of the company’s stock, 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 corporate insiders.

HRC has been the subject of a number of recent research reports. BidaskClub cut shares of Hill-Rom Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research cut shares of Hill-Rom Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Morgan Stanley increased 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 note on Friday, June 30th. Stifel Nicolaus reiterated a “buy” rating and set a $84.00 price target on shares of Hill-Rom Holdings in a research note on Sunday, July 30th. Finally, Cantor Fitzgerald set a $86.00 price target on shares of Hill-Rom Holdings and gave the stock a “hold” rating in a research note on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Hill-Rom Holdings currently has an average rating of “Buy” and an average target price of $87.80.

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

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