Sawgrass Asset Management LLC increased its stake in shares of Hill-Rom Holdings Inc (NYSE:HRC) by 158.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,650 shares of the medical technology company’s stock after buying an additional 9,590 shares during the quarter. Sawgrass Asset Management LLC’s holdings in Hill-Rom Holdings were worth $1,246,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Quantbot Technologies LP bought a new position in Hill-Rom Holdings during the 2nd quarter worth $787,000. M&T Bank Corp grew its stake in Hill-Rom Holdings by 8.8% during the 2nd quarter. M&T Bank Corp now owns 12,491 shares of the medical technology company’s stock worth $994,000 after buying an additional 1,010 shares during the last quarter. California Public Employees Retirement System grew its stake in Hill-Rom Holdings by 6.6% during the 2nd quarter. California Public Employees Retirement System now owns 142,600 shares of the medical technology company’s stock worth $11,352,000 after buying an additional 8,800 shares during the last quarter. ETRADE Capital Management LLC grew its stake in Hill-Rom Holdings by 4.6% during the 2nd quarter. ETRADE Capital Management LLC now owns 6,940 shares of the medical technology company’s stock worth $552,000 after buying an additional 303 shares during the last quarter. Finally, Citigroup Inc. grew its stake in Hill-Rom Holdings by 21.1% during the 2nd quarter. Citigroup Inc. now owns 2,483 shares of the medical technology company’s stock worth $198,000 after buying an additional 433 shares during the last quarter. Hedge funds and other institutional investors own 82.31% of the company’s stock.

Hill-Rom Holdings Inc (NYSE:HRC) traded up 0.22% on Friday, hitting $73.39. The stock had a trading volume of 45,002 shares. The firm has a market cap of $4.83 billion, a P/E ratio of 42.77 and a beta of 1.21. The firm’s 50-day moving average price is $75.26 and its 200-day moving average price is $75.35. Hill-Rom Holdings Inc has a 1-year low of $50.50 and a 1-year high of $84.65.

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

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

A number of brokerages recently commented on HRC. Zacks Investment Research upgraded Hill-Rom Holdings from a “sell” rating to a “hold” rating in a research note on Monday. BidaskClub downgraded Hill-Rom Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Cantor Fitzgerald began coverage on Hill-Rom Holdings in a research note on Thursday, June 29th. They set a “neutral” rating and a $86.00 price objective for the company. Stifel Nicolaus restated a “buy” rating and set a $84.00 price objective on shares of Hill-Rom Holdings in a research note on Sunday, July 30th. Finally, Needham & Company LLC began coverage on Hill-Rom Holdings in a research note on Thursday, June 29th. They set a “buy” rating and a $95.00 price objective for the company. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Hill-Rom Holdings currently has a consensus rating of “Buy” and an average target price of $88.17.

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In related news, SVP Andreas G. Frank sold 6,870 shares of the firm’s 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 sale, the senior vice president now directly owns 16,701 shares of the company’s stock, valued at approximately $1,293,993.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Andreas G. Frank sold 3,940 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $77.84, for a total value of $306,689.60. Following the sale, the senior vice president now directly owns 16,701 shares of the company’s stock, valued at $1,300,005.84. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

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.

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

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