Needham & Company LLC Lowers Hill-Rom Holdings Inc (NYSE:HRC) Price Target to $93.00
Hill-Rom Holdings Inc (NYSE:HRC) had its price target reduced by Needham & Company LLC from $95.00 to $93.00 in a report published on Friday, Marketbeat.com reports. They currently have a buy rating on the medical technology company’s stock.
Several other research firms also recently issued reports on HRC. Stifel Nicolaus increased their price objective on shares of Hill-Rom Holdings from $70.00 to $84.00 and gave the company a buy rating in a report on Monday, May 1st. Zacks Investment Research raised shares of Hill-Rom Holdings from a hold rating to a buy rating and set a $87.00 price objective on the stock in a report on Friday, June 2nd. Barclays PLC increased their price objective on shares of Hill-Rom Holdings from $80.00 to $86.00 and gave the company an overweight rating in a report on Friday, June 9th. ValuEngine raised shares of Hill-Rom Holdings from a hold rating to a buy rating in a report on Friday, June 2nd. Finally, Morgan Stanley increased their price objective on shares of Hill-Rom Holdings from $85.00 to $90.00 and gave the company an overweight rating in a report on Friday, June 30th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $88.17.
Shares of Hill-Rom Holdings (NYSE HRC) traded up 0.76% during mid-day trading on Friday, reaching $75.09. 102,612 shares of the company’s stock were exchanged. Hill-Rom Holdings has a 1-year low of $50.50 and a 1-year high of $84.65. The company’s 50 day moving average is $80.68 and its 200 day moving average is $72.04. The stock has a market capitalization of $4.95 billion, a PE ratio of 43.76 and a beta of 1.23.
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 Thomson Reuters’ consensus estimate of $0.90 by $0.01. The business had revenue of $689.10 million for the quarter, compared to the consensus estimate of $695.50 million. Hill-Rom Holdings had a net margin of 4.27% and a return on equity of 19.99%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $0.81 earnings per share. Equities research analysts anticipate that Hill-Rom Holdings will post $3.86 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Thursday, September 14th. Hill-Rom Holdings’s dividend payout ratio is currently 41.62%.
In other 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 value of $838,089.20. Following the transaction, the senior vice president now directly owns 28,988 shares of the company’s stock, valued at $2,279,036.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Paul Sherwood Johnson sold 2,078 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $72.30, for a total transaction of $150,239.40. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP acquired a new position in Hill-Rom Holdings during the fourth quarter valued at $235,000. Foundry Partners LLC increased its position in Hill-Rom Holdings by 3.3% in the first quarter. Foundry Partners LLC now owns 188,507 shares of the medical technology company’s stock valued at $13,309,000 after buying an additional 6,039 shares in the last quarter. Copper Rock Capital Partners LLC increased its position in Hill-Rom Holdings by 18.7% in the first quarter. Copper Rock Capital Partners LLC now owns 687,768 shares of the medical technology company’s stock valued at $48,838,000 after buying an additional 108,459 shares in the last quarter. Bank of Montreal Can increased its position in Hill-Rom Holdings by 294.3% in the first quarter. Bank of Montreal Can now owns 987,030 shares of the medical technology company’s stock valued at $69,684,000 after buying an additional 736,681 shares in the last quarter. Finally, Capstone Asset Management Co. increased its position in 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 valued at $531,000 after buying an additional 150 shares in the last quarter. 83.94% of the stock is currently owned by hedge funds and other institutional investors.
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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