Systematic Financial Management LP decreased its holdings in shares of Hill-Rom Holdings, Inc. (NYSE:HRC) by 31.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,950 shares of the medical technology company’s stock after selling 4,195 shares during the period. Systematic Financial Management LP’s holdings in Hill-Rom were worth $936,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in HRC. Geode Capital Management LLC lifted its stake in Hill-Rom by 4.3% during the 4th quarter. Geode Capital Management LLC now owns 647,698 shares of the medical technology company’s stock worth $57,353,000 after acquiring an additional 26,781 shares in the last quarter. Legacy Advisors LLC acquired a new position in Hill-Rom during the 1st quarter worth about $70,000. We Are One Seven LLC lifted its stake in Hill-Rom by 97.4% during the 1st quarter. We Are One Seven LLC now owns 2,089 shares of the medical technology company’s stock worth $221,000 after acquiring an additional 1,031 shares in the last quarter. Gateway Investment Advisers LLC lifted its stake in Hill-Rom by 2.1% during the 1st quarter. Gateway Investment Advisers LLC now owns 28,611 shares of the medical technology company’s stock worth $3,029,000 after acquiring an additional 600 shares in the last quarter. Finally, First Citizens Bank & Trust Co. lifted its stake in Hill-Rom by 38.3% during the 1st quarter. First Citizens Bank & Trust Co. now owns 4,596 shares of the medical technology company’s stock worth $487,000 after acquiring an additional 1,273 shares in the last quarter. Hedge funds and other institutional investors own 81.52% of the company’s stock.
In other news, SVP Deborah Rasin sold 5,500 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $103.00, for a total value of $566,500.00. Following the transaction, the senior vice president now owns 20,939 shares in the company, valued at approximately $2,156,717. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.73% of the company’s stock.
Shares of HRC traded down $1.12 during mid-day trading on Friday, reaching $106.17. The company’s stock had a trading volume of 381,603 shares, compared to its average volume of 431,854. Hill-Rom Holdings, Inc. has a 12-month low of $81.82 and a 12-month high of $109.18. The firm has a market capitalization of $7.17 billion, a PE ratio of 22.35, a PEG ratio of 2.12 and a beta of 0.90. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.12. The firm’s 50 day moving average price is $105.25.
Hill-Rom (NYSE:HRC) last released its quarterly earnings data on Friday, August 2nd. The medical technology company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.02. Hill-Rom had a return on equity of 21.26% and a net margin of 7.45%. The business had revenue of $726.80 million for the quarter, compared to the consensus estimate of $718.08 million. During the same quarter in the prior year, the business posted $1.15 EPS. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. Sell-side analysts forecast that Hill-Rom Holdings, Inc. will post 5.05 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.79%. Hill-Rom’s payout ratio is currently 17.68%.
Hill-Rom Company Profile
Hill-Rom Holdings, Inc operates as a medical technology company worldwide. It operates in three segments: Patient Support Systems, Front Line Care, and Surgical Solutions. The company offers medical surgical beds, intensive care unit beds, and bariatric patient beds, lifts and other patient mobility devices, non-invasive therapeutic products and surfaces, and information technologies and software solutions; and medical equipment management services, as well as sells equipment service contracts for its capital equipment.
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