Hill-Rom Holdings Inc (HRC) Given Consensus Recommendation of “Buy” by Brokerages
Hill-Rom Holdings Inc (NYSE:HRC) has received an average recommendation of “Buy” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $88.20.
A number of research analysts have weighed in on HRC shares. Zacks Investment Research upgraded shares of Hill-Rom Holdings from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research note on Monday, April 3rd. Barclays PLC boosted their target price on shares of Hill-Rom Holdings from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, April 19th. Stifel Nicolaus boosted 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.
Hill-Rom Holdings (NYSE:HRC) opened at 84.10 on Tuesday. The firm has a 50-day moving average of $80.64 and a 200 day moving average of $71.29. Hill-Rom Holdings has a 12-month low of $50.50 and a 12-month high of $84.65. The company has a market capitalization of $5.53 billion, a PE ratio of 36.33 and a beta of 1.23.
Hill-Rom Holdings (NYSE:HRC) last released its earnings results on Friday, April 28th. The medical technology company reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.09. The firm had revenue of $678.90 million for the quarter, compared to analysts’ expectations of $654.27 million. Hill-Rom Holdings had a net margin of 5.80% and a return on equity of 19.77%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 earnings per share. Analysts forecast that Hill-Rom Holdings will post $3.86 EPS for the current fiscal year.
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 given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Thursday, September 14th. Hill-Rom Holdings’s dividend payout ratio (DPR) is currently 31.03%.
In other news, SVP Paul Sherwood Johnson sold 2,078 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $72.30, for a total value of $150,239.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Andreas G. Frank sold 10,660 shares of the business’s stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 28,988 shares in the company, valued at approximately $2,279,036.56. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
Several hedge funds have recently bought and sold shares of HRC. GSA Capital Partners LLP acquired a new stake in Hill-Rom Holdings during the fourth quarter valued at about $235,000. Guggenheim Capital LLC raised its stake in Hill-Rom Holdings by 25.8% in the fourth quarter. Guggenheim Capital LLC now owns 52,379 shares of the medical technology company’s stock valued at $2,940,000 after buying an additional 10,738 shares during the period. Norges Bank acquired a new stake in Hill-Rom Holdings during the fourth quarter valued at about $36,707,000. Highbridge Capital Management LLC raised its stake in Hill-Rom Holdings by 92.9% in the fourth quarter. Highbridge Capital Management LLC now owns 422,467 shares of the medical technology company’s stock valued at $23,716,000 after buying an additional 203,502 shares during the period. Finally, Foundry Partners LLC raised its stake 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 during the period. 83.81% of the stock is currently owned by 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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