M&T Bank Corp increased its position in shares of Hill-Rom Holdings Inc (NYSE:HRC) by 8.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,491 shares of the medical technology company’s stock after purchasing an additional 1,010 shares during the quarter. M&T Bank Corp’s holdings in Hill-Rom Holdings were worth $994,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. California Public Employees Retirement System boosted its holdings in Hill-Rom Holdings by 6.6% in the second quarter. California Public Employees Retirement System now owns 142,600 shares of the medical technology company’s stock worth $11,352,000 after purchasing an additional 8,800 shares during the period. ETRADE Capital Management LLC raised its holdings in shares of Hill-Rom Holdings by 4.6% during the second quarter. ETRADE Capital Management LLC now owns 6,940 shares of the medical technology company’s stock worth $552,000 after purchasing an additional 303 shares during the period. Citigroup Inc. raised its holdings in shares of Hill-Rom Holdings by 21.1% during the second quarter. Citigroup Inc. now owns 2,483 shares of the medical technology company’s stock worth $198,000 after purchasing an additional 433 shares during the period. UBS Asset Management Americas Inc. raised its holdings in shares of Hill-Rom Holdings by 5.2% during the second quarter. UBS Asset Management Americas Inc. now owns 47,801 shares of the medical technology company’s stock worth $3,805,000 after purchasing an additional 2,353 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in shares of Hill-Rom Holdings by 2.0% during the second quarter. New York State Common Retirement Fund now owns 165,462 shares of the medical technology company’s stock worth $13,172,000 after purchasing an additional 3,289 shares during the period. Hedge funds and other institutional investors own 82.31% of the company’s stock.

A number of research analysts have recently issued reports on HRC shares. Zacks Investment Research upgraded shares of Hill-Rom Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. BidaskClub raised shares of Hill-Rom Holdings from a “sell” rating to a “hold” rating in a research report on Sunday, August 6th. Stifel Nicolaus reiterated a “buy” rating and set a $84.00 price objective on shares of Hill-Rom Holdings in a research note on Sunday, July 30th. Cantor Fitzgerald set a $86.00 price objective on shares of Hill-Rom Holdings and gave the stock a “hold” rating in a research note on Friday, July 28th. Finally, Needham & Company LLC cut their target price on shares of Hill-Rom Holdings from $95.00 to $93.00 and set a “buy” rating on the stock in a report on Friday, July 28th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company 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 6,870 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $77.48, for a total transaction of $532,287.60. Following the completion of the transaction, the senior vice president now directly owns 16,701 shares in the company, valued at $1,293,993.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Andreas G. Frank sold 3,940 shares of the 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 transaction, the senior vice president now owns 16,701 shares of the company’s stock, valued at $1,300,005.84. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

Hill-Rom Holdings Inc (HRC) opened at 76.50 on Tuesday. Hill-Rom Holdings Inc has a one year low of $50.50 and a one year high of $84.65. The stock’s 50 day moving average is $75.02 and its 200 day moving average is $75.78. The firm has a market cap of $5.04 billion, a P/E ratio of 44.58 and a beta of 1.19.

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

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.94%. The ex-dividend date was Thursday, September 14th. Hill-Rom Holdings’s dividend payout ratio is 41.62%.

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Hill-Rom Holdings 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.

Institutional Ownership by Quarter for Hill-Rom Holdings (NYSE:HRC)

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