Barings LLC Has $875,000 Position in Hill-Rom Holdings Inc (HRC)

Barings LLC continued to hold its position in Hill-Rom Holdings Inc (NYSE:HRC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,400 shares of the medical technology company’s stock at the close of the 2nd quarter. Barings LLC’s holdings in Hill-Rom Holdings were worth $875,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Canada Pension Plan Investment Board boosted its position in Hill-Rom Holdings by 42.7% during the second quarter. Canada Pension Plan Investment Board now owns 16,700 shares of the medical technology company’s stock worth $1,329,000 after purchasing an additional 5,000 shares in the last quarter. American Century Companies Inc. boosted its position in Hill-Rom Holdings by 1,191.1% during the second quarter. American Century Companies Inc. now owns 110,359 shares of the medical technology company’s stock worth $8,786,000 after purchasing an additional 101,811 shares in the last quarter. Prudential Financial Inc. boosted its position in Hill-Rom Holdings by 6.6% during the second quarter. Prudential Financial Inc. now owns 545,786 shares of the medical technology company’s stock worth $43,449,000 after purchasing an additional 33,714 shares in the last quarter. Brookstone Capital Management purchased a new stake in Hill-Rom Holdings during the second quarter worth $289,000. Finally, Chase Investment Counsel Corp purchased a new stake in Hill-Rom Holdings during the second quarter worth $675,000. Institutional investors own 82.31% of the company’s stock.

In related news, SVP Andreas G. Frank sold 6,870 shares of Hill-Rom Holdings 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 transaction, the senior vice president now directly owns 16,701 shares in the company, valued at approximately $1,293,993.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Andreas G. Frank sold 3,940 shares of Hill-Rom Holdings 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 transaction, the senior vice president now owns 16,701 shares in the company, valued at $1,300,005.84. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

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Hill-Rom Holdings (NYSE:HRC) last issued its earnings results on Friday, July 28th. The medical technology company reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.01. The business had revenue of $689.10 million for 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 company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.81 EPS.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Thursday, September 14th. Hill-Rom Holdings’s payout ratio is 41.62%.

A number of analysts have commented on HRC shares. Morgan Stanley boosted their target price 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. Zacks Investment Research upgraded Hill-Rom Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. BidaskClub downgraded Hill-Rom Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Needham & Company LLC decreased their target price on Hill-Rom Holdings from $95.00 to $93.00 and set a “buy” rating on the stock in a research report on Friday, July 28th. Finally, Cantor Fitzgerald set a $86.00 target price on Hill-Rom Holdings and gave the stock a “hold” rating in a research report on Friday, July 28th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $87.80.

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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