Stratos Wealth Partners LTD. Acquires New Stake in Hill-Rom Holdings Inc (NYSE:HRC)
Stratos Wealth Partners LTD. acquired a new stake in shares of Hill-Rom Holdings Inc (NYSE:HRC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,234 shares of the medical technology company’s stock, valued at approximately $576,000.
Several other large investors also recently added to or reduced their stakes in the stock. Sei Investments Co. increased its stake in Hill-Rom Holdings by 20.5% in the second quarter. Sei Investments Co. now owns 142,070 shares of the medical technology company’s stock valued at $11,309,000 after buying an additional 24,130 shares during the last quarter. Foster & Motley Inc. bought a new stake in Hill-Rom Holdings during the second quarter valued at approximately $488,000. Texas Permanent School Fund increased its stake in Hill-Rom Holdings by 1.5% in the second quarter. Texas Permanent School Fund now owns 43,695 shares of the medical technology company’s stock valued at $3,479,000 after buying an additional 636 shares during the last quarter. World Asset Management Inc increased its stake in Hill-Rom Holdings by 4.3% in the second quarter. World Asset Management Inc now owns 4,448 shares of the medical technology company’s stock valued at $354,000 after buying an additional 182 shares during the last quarter. Finally, Rothschild Asset Management Inc. increased its stake in Hill-Rom Holdings by 13.0% in the second quarter. Rothschild Asset Management Inc. now owns 798,512 shares of the medical technology company’s stock valued at $63,570,000 after buying an additional 91,996 shares during the last quarter. 84.00% of the stock is owned by institutional investors.
Shares of Hill-Rom Holdings Inc (NYSE:HRC) opened at 75.32 on Monday. Hill-Rom Holdings Inc has a one year low of $50.50 and a one year high of $84.65. The firm’s 50-day moving average price is $80.60 and its 200 day moving average price is $72.15. The firm has a market cap of $4.96 billion, a P/E ratio of 43.89 and a beta of 1.22.
Hill-Rom Holdings (NYSE:HRC) last announced its quarterly earnings results on Friday, July 28th. The medical technology company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.01. Hill-Rom Holdings had a return on equity of 19.99% and a net margin of 4.27%. The business 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 company posted $0.81 earnings per share. Hill-Rom Holdings’s revenue was up 5.1% compared to the same quarter last year. Analysts predict that Hill-Rom Holdings Inc will post $3.83 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.18 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.72 annualized dividend and a yield of 0.96%. Hill-Rom Holdings’s dividend payout ratio (DPR) is currently 41.62%.
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Several research firms have recently commented on HRC. BidaskClub raised Hill-Rom Holdings from a “sell” rating to a “hold” rating in a report on Sunday. Zacks Investment Research downgraded Hill-Rom Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $84.00 price objective on shares of Hill-Rom Holdings in a report on Sunday, July 30th. Cantor Fitzgerald set a $86.00 price objective on Hill-Rom Holdings and gave the company a “hold” rating in a report on Friday, July 28th. Finally, Needham & Company LLC cut their price objective on Hill-Rom Holdings from $95.00 to $93.00 and set a “buy” rating for the company in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $88.17.
In other Hill-Rom Holdings news, SVP Paul Sherwood Johnson sold 2,078 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $72.30, for a total value of $150,239.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Andreas G. Frank sold 10,660 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $78.62, for a total value of $838,089.20. Following the completion of the transaction, the senior vice president now owns 28,988 shares of the company’s stock, valued at approximately $2,279,036.56. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.
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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