Citigroup Inc. cut its position in shares of Hill-Rom Holdings, Inc. (NYSE:HRC) by 15.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,199 shares of the medical technology company’s stock after selling 2,437 shares during the period. Citigroup Inc.’s holdings in Hill-Rom were worth $1,169,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of HRC. Oregon Public Employees Retirement Fund raised its position in shares of Hill-Rom by 8,755.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,308,056 shares of the medical technology company’s stock worth $26,000 after acquiring an additional 2,281,991 shares in the last quarter. Financial Gravity Companies Inc. bought a new position in shares of Hill-Rom in the 4th quarter worth $48,000. IMS Capital Management bought a new position in shares of Hill-Rom in the 3rd quarter worth $71,000. We Are One Seven LLC bought a new position in shares of Hill-Rom in the 4th quarter worth $93,000. Finally, Acadian Asset Management LLC bought a new position in shares of Hill-Rom in the 4th quarter worth $137,000. 84.22% of the stock is owned by institutional investors and hedge funds.
Shares of HRC stock opened at $104.24 on Friday. Hill-Rom Holdings, Inc. has a 1-year low of $81.82 and a 1-year high of $108.10. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 1.17. The firm has a market cap of $6.95 billion, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 1.81 and a beta of 0.96.
Hill-Rom (NYSE:HRC) last announced its earnings results on Friday, January 25th. The medical technology company reported $1.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.04. Hill-Rom had a return on equity of 21.23% and a net margin of 7.21%. The firm had revenue of $683.50 million for the quarter, compared to the consensus estimate of $676.39 million. During the same period in the previous year, the business earned $0.92 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities research analysts forecast that Hill-Rom Holdings, Inc. will post 5.04 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 22nd will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.81%. This is an increase from Hill-Rom’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, March 21st. Hill-Rom’s payout ratio is 16.84%.
Separately, Zacks Investment Research lowered Hill-Rom from a “buy” rating to a “hold” rating and set a $111.00 price target for the company. in a research report on Wednesday, December 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Hill-Rom presently has an average rating of “Buy” and a consensus price target of $103.78.
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Hill-Rom Holdings, Inc operates as a medical technology company worldwide. It operates in three segments: Patient Support Systems, Front Line Care, and Surgical Solutions. The company offers medical surgical beds, intensive care unit beds, and bariatric patient beds, lifts and other patient mobility devices, non-invasive therapeutic products and surfaces, and information technologies and software solutions; and medical equipment management services, as well as sells equipment service contracts for its capital equipment.
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