Advantus Capital Management Inc Grows Holdings in Hill-Rom Holdings Inc (HRC)
Advantus Capital Management Inc boosted its holdings in Hill-Rom Holdings Inc (NYSE:HRC) by 10.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,330 shares of the company’s stock after purchasing an additional 816 shares during the quarter. Advantus Capital Management Inc owned approximately 12,644.20% of Hill-Rom Holdings worth $616,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its holdings in Hill-Rom Holdings by 8.5% in the third quarter. Principal Financial Group Inc. now owns 283,290 shares of the company’s stock worth $20,963,000 after purchasing an additional 22,188 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Hill-Rom Holdings by 12.3% in the third quarter. Oregon Public Employees Retirement Fund now owns 24,563 shares of the company’s stock worth $1,818,000 after purchasing an additional 2,681 shares during the period. Wesbanco Bank Inc. boosted its holdings in Hill-Rom Holdings by 9.9% in the third quarter. Wesbanco Bank Inc. now owns 30,868 shares of the company’s stock worth $2,284,000 after purchasing an additional 2,788 shares during the period. American Century Companies Inc. boosted its holdings in Hill-Rom Holdings by 385.0% in the third quarter. American Century Companies Inc. now owns 535,229 shares of the company’s stock worth $39,607,000 after purchasing an additional 424,870 shares during the period. Finally, Stevens Capital Management LP boosted its holdings in Hill-Rom Holdings by 11.4% in the third quarter. Stevens Capital Management LP now owns 13,370 shares of the company’s stock worth $989,000 after purchasing an additional 1,369 shares during the period. 81.92% of the stock is owned by hedge funds and other institutional investors.
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Hill-Rom Holdings Inc (HRC) opened at C$76.18 on Friday. Hill-Rom Holdings Inc has a 1-year low of C$52.58 and a 1-year high of C$84.65. The stock has a market cap of $5,018.81, a price-to-earnings ratio of 19.74, a PEG ratio of 1.62 and a beta of 1.19. The company has a current ratio of 1.77, a quick ratio of 1.34 and a debt-to-equity ratio of 1.55.
Hill-Rom Holdings (NYSE:HRC) last announced its quarterly earnings results on Friday, November 3rd. The company reported C$1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.27 by C$0.05. Hill-Rom Holdings had a net margin of 4.87% and a return on equity of 20.27%. The company had revenue of C$738.30 million during the quarter, compared to the consensus estimate of C$731.10 million. During the same quarter in the previous year, the company posted $1.18 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. sell-side analysts expect that Hill-Rom Holdings Inc will post 4.26 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, December 14th. Hill-Rom Holdings’s dividend payout ratio (DPR) is 36.18%.
HRC has been the subject of a number of research reports. Zacks Investment Research raised shares of Hill-Rom Holdings from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Friday, October 27th. KeyCorp reaffirmed a “buy” rating and issued a $82.00 price objective on shares of Hill-Rom Holdings in a report on Tuesday, October 17th. Needham & Company LLC decreased their price objective on shares of Hill-Rom Holdings from $95.00 to $93.00 and set a “buy” rating for the company in a report on Friday, July 28th. BidaskClub downgraded shares of Hill-Rom Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $84.00 price objective on shares of Hill-Rom Holdings in a report on Sunday, July 30th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Hill-Rom Holdings has an average rating of “Buy” and an average target price of C$88.57.
In related news, SVP Andreas G. Frank sold 6,870 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of C$77.48, for a total value of C$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 C$1,293,993.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Andreas G. Frank sold 3,940 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of C$77.84, for a total transaction of C$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 C$1,300,005.84. The disclosure for this sale can be found here. 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.
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