Retirement Systems of Alabama Acquires 104 Shares of Hill-Rom Holdings Inc. (HRC)
Retirement Systems of Alabama raised its position in Hill-Rom Holdings Inc. (NYSE:HRC) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 73,377 shares of the medical technology company’s stock after buying an additional 104 shares during the period. Retirement Systems of Alabama’s holdings in Hill-Rom Holdings were worth $3,702,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in HRC. LS Investment Advisors LLC boosted its stake in shares of Hill-Rom Holdings by 67.4% in the second quarter. LS Investment Advisors LLC now owns 3,783 shares of the medical technology company’s stock worth $191,000 after buying an additional 1,523 shares during the period. Oakbrook Investments LLC boosted its stake in shares of Hill-Rom Holdings by 26.5% in the second quarter. Oakbrook Investments LLC now owns 5,967 shares of the medical technology company’s stock worth $301,000 after buying an additional 1,250 shares during the period. Parametrica Management Ltd acquired a new stake in shares of Hill-Rom Holdings during the second quarter worth $321,000. IBM Retirement Fund boosted its stake in shares of Hill-Rom Holdings by 16.4% in the second quarter. IBM Retirement Fund now owns 6,611 shares of the medical technology company’s stock worth $334,000 after buying an additional 931 shares during the period. Finally, Pacad Investment Ltd. acquired a new stake in shares of Hill-Rom Holdings during the first quarter worth $337,000. Institutional investors and hedge funds own 83.16% of the company’s stock.
Hill-Rom Holdings Inc. (NYSE:HRC) traded down 0.07% during midday trading on Monday, hitting $59.54. 168,477 shares of the stock were exchanged. The company has a market cap of $3.90 billion, a PE ratio of 61.32 and a beta of 1.14. The firm’s 50 day moving average price is $60.20 and its 200 day moving average price is $53.96. Hill-Rom Holdings Inc. has a 12 month low of $42.99 and a 12 month high of $63.12.
Hill-Rom Holdings (NYSE:HRC) last announced its quarterly earnings data on Thursday, August 4th. The medical technology company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.05. Hill-Rom Holdings had a net margin of 2.47% and a return on equity of 16.62%. The company earned $655.40 million during the quarter, compared to analyst estimates of $647.75 million. During the same quarter last year, the business posted $0.62 EPS. The firm’s revenue for the quarter was up 38.1% on a year-over-year basis. On average, equities research analysts forecast that Hill-Rom Holdings Inc. will post $3.33 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $0.68 dividend on an annualized basis and a yield of 1.14%. Hill-Rom Holdings’s payout ratio is 73.91%.
A number of equities research analysts have weighed in on HRC shares. Zacks Investment Research upgraded shares of Hill-Rom Holdings from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Tuesday, August 9th. KeyCorp restated a “buy” rating and issued a $59.00 price objective on shares of Hill-Rom Holdings in a report on Thursday, June 23rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $62.20.
Hill-Rom Holdings Company Profile
Hill-Rom Holdings, Inc is a medical technology company. The Company offers patient care solutions that improve clinical and economic outcomes in advancing mobility, wound care and prevention, clinical workflow, surgical safety and efficiency, and respiratory health areas. Its segments include North America, Surgical and Respiratory Care, International and Welch Allyn.
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