Westfield Capital Management Co. LP trimmed its position in Hill-Rom Holdings Inc (NYSE:HRC) by 11.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 855,705 shares of the medical technology company’s stock after selling 115,645 shares during the period. Westfield Capital Management Co. LP owned 1.30% of Hill-Rom Holdings worth $68,123,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of HRC. Independent Portfolio Consultants Inc. grew 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 worth $107,000 after purchasing an additional 849 shares during the period. Meadow Creek Investment Management LLC boosted its holdings 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 worth $120,000 after acquiring an additional 64 shares in the last quarter. Seven Eight Capital LP bought a new stake in Hill-Rom Holdings in the second quarter worth $127,000. Neuburgh Advisers LLC boosted its holdings 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 worth $165,000 after acquiring an additional 88 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Hill-Rom Holdings by 10.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,201 shares of the medical technology company’s stock worth $175,000 after acquiring an additional 204 shares in the last quarter. 82.31% of the stock is currently owned by institutional investors.

Shares of Hill-Rom Holdings Inc (NYSE HRC) traded down 1.81% on Friday, hitting $75.60. The stock had a trading volume of 1,612,576 shares. Hill-Rom Holdings Inc has a 12 month low of $50.50 and a 12 month 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 company has a market cap of $4.98 billion, a P/E ratio of 44.06 and a beta of 1.21.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.18 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.95%. Hill-Rom Holdings’s payout ratio is 41.62%.

Several equities research analysts have commented on the company. Zacks Investment Research raised Hill-Rom Holdings from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Friday, May 26th. BidaskClub downgraded Hill-Rom Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Cantor Fitzgerald assumed coverage on Hill-Rom Holdings in a report on Thursday, June 29th. They issued a “neutral” rating and a $86.00 target price on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $84.00 target price on shares of Hill-Rom Holdings in a report on Sunday, July 30th. Finally, Needham & Company LLC assumed coverage on Hill-Rom Holdings in a report on Thursday, June 29th. They issued a “buy” rating and a $95.00 target price on the stock. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $88.17.

In other news, SVP Andreas G. Frank sold 6,870 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $77.48, for a total value of $532,287.60. Following the completion of the sale, the senior vice president now owns 16,701 shares of the company’s stock, valued at approximately $1,293,993.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Andreas G. Frank sold 3,940 shares of the firm’s stock in a transaction on 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 directly 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 owned by company insiders.

WARNING: “Westfield Capital Management Co. LP Sells 115,645 Shares of Hill-Rom Holdings Inc (HRC)” was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this news story can be viewed at https://www.dailypolitical.com/2017/09/16/westfield-capital-management-co-lp-sells-115645-shares-of-hill-rom-holdings-inc-hrc.html.

About Hill-Rom Holdings

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)

Receive News & Ratings for Hill-Rom Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hill-Rom Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.