Hill-Rom Holdings Inc (NYSE:HRC) Shares Gap Down on Analyst Downgrade

Hill-Rom Holdings Inc (NYSE:HRC) gapped down prior to trading on Monday after Zacks Investment Research downgraded the stock from a hold rating to a sell rating. The stock had previously closed at $76.33, but opened at $74.74. Hill-Rom Holdings shares last traded at $74.17, with a volume of 352,702 shares trading hands.

Other equities research analysts have also recently issued research reports about the stock. Barclays PLC increased their target price on shares of Hill-Rom Holdings from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, May 1st. Needham & Company LLC reduced their target price on shares of Hill-Rom Holdings from $95.00 to $93.00 and set a “buy” rating for the company in a research note on Friday, July 28th. Cantor Fitzgerald assumed coverage on shares of Hill-Rom Holdings in a research note on Thursday, June 29th. They issued a “neutral” rating and a $86.00 target price for the company. Stifel Nicolaus increased their target price on shares of Hill-Rom Holdings from $70.00 to $84.00 and gave the company a “buy” rating in a research note on Monday, May 1st. Finally, ValuEngine upgraded shares of Hill-Rom Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $88.17.

In other Hill-Rom Holdings news, SVP Andreas G. Frank sold 10,660 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $78.62, for a total transaction of $838,089.20. Following the completion of the transaction, the senior vice president now owns 28,988 shares in the company, valued at $2,279,036.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.20% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Capstone Asset Management Co. boosted its position in shares of Hill-Rom Holdings by 2.0% in the first quarter. Capstone Asset Management Co. now owns 7,515 shares of the medical technology company’s stock worth $531,000 after buying an additional 150 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Hill-Rom Holdings during the first quarter worth approximately $527,000. Louisiana State Employees Retirement System boosted its position in shares of Hill-Rom Holdings by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 15,000 shares of the medical technology company’s stock worth $1,059,000 after buying an additional 200 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of Hill-Rom Holdings by 135.8% in the first quarter. Nationwide Fund Advisors now owns 387,218 shares of the medical technology company’s stock worth $27,338,000 after buying an additional 223,018 shares in the last quarter. Finally, BTIM Corp. acquired a new position in shares of Hill-Rom Holdings during the first quarter worth approximately $14,935,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

The firm has a market capitalization of $4.82 billion, a PE ratio of 42.59 and a beta of 1.22. The company has a 50-day moving average price of $78.68 and a 200 day moving average price of $73.28.

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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.01. Hill-Rom Holdings had a net margin of 4.27% and a return on equity of 19.99%. The firm had revenue of $689.10 million during the quarter, compared to the consensus estimate of $695.50 million. During the same quarter in the previous year, the firm posted $0.81 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities analysts expect that Hill-Rom Holdings Inc will post $3.82 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, September 14th. Hill-Rom Holdings’s dividend payout ratio (DPR) is presently 41.62%.

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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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