Sivik Global Healthcare LLC acquired a new position in shares of Hill-Rom Holdings Inc (NYSE:HRC) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 40,000 shares of the medical technology company’s stock, valued at approximately $3,184,000. Sivik Global Healthcare LLC owned about 0.06% of Hill-Rom Holdings at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Independent Portfolio Consultants Inc. grew 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 buying an additional 849 shares during the last quarter. Meadow Creek Investment Management LLC grew its stake in Hill-Rom Holdings by 3.9% during the 1st quarter. Meadow Creek Investment Management LLC now owns 1,696 shares of the medical technology company’s stock worth $120,000 after buying an additional 64 shares during the last quarter. Seven Eight Capital LP bought a new position in Hill-Rom Holdings during the 2nd quarter worth $127,000. Neuburgh Advisers LLC grew its stake in Hill-Rom Holdings by 3.9% during the 1st quarter. Neuburgh Advisers LLC now owns 2,332 shares of the medical technology company’s stock worth $165,000 after buying an additional 88 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew 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 buying an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 82.31% of the company’s stock.

Shares of Hill-Rom Holdings Inc (NYSE HRC) traded down 1.81% on Friday, reaching $75.60. The company’s stock had a trading volume of 1,612,576 shares. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 44.06 and a beta of 1.21. Hill-Rom Holdings Inc has a 52 week low of $50.50 and a 52 week high of $84.65. The stock has a 50-day moving average of $75.30 and a 200 day moving average of $75.12.

Hill-Rom Holdings (NYSE:HRC) last released its quarterly earnings results on Friday, July 28th. The medical technology company reported $0.91 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $689.10 million during the quarter, compared to analysts’ expectations of $695.50 million. During the same period last year, the firm posted $0.81 EPS. The business’s revenue was up 5.1% on a year-over-year basis. On average, analysts expect that Hill-Rom Holdings Inc will post $3.82 EPS for the current year.

The firm 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 dividend on an annualized basis and a yield of 0.95%. Hill-Rom Holdings’s dividend payout ratio is 41.62%.

A number of research analysts have issued reports on HRC shares. Zacks Investment Research lowered Hill-Rom Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub lowered Hill-Rom Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Morgan Stanley boosted their price target on Hill-Rom Holdings from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, June 30th. Cantor Fitzgerald set a $86.00 price target on Hill-Rom Holdings and gave the stock a “hold” rating in a research report on Friday, July 28th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $84.00 price target on shares of Hill-Rom Holdings in a research report on Sunday, July 30th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Hill-Rom Holdings currently has an average rating of “Buy” and a consensus target price of $88.17.

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In related news, 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 transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Andreas G. Frank sold 6,870 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $77.48, for a total value of $532,287.60. Following the sale, the senior vice president now directly owns 16,701 shares of the company’s stock, valued at $1,293,993.48. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

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)

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