Trust Investment Advisors Buys Shares of 6800 Hill-Rom Holdings Inc (HRC)

Hill-Rom Holdings Inc

Hill-Rom Holdings Inc

Hill-Rom Holdings Inc (NYSE:HRC) posted its quarterly earnings results on Friday, November 3rd. Seven Eight Capital LP acquired a new position in Hill-Rom Holdings during the 2nd quarter valued at $127,000. The value of the company's investment in Hill-Rom Holdings Inc increased from $2,707,000 to $57,646,000 increasing 2,029.5% quarter to quarter. Insiders own 2.20% of the company's stock.

Hill-Rom Holdings, Inc is a global medical technology company. Wellington Management Group Llp owns 588,906 shares valued at $43,579,000. Finally, Fox Run Management L.L.C. purchased a new stake in Hill-Rom Holdings during the 3rd quarter worth about $207,000. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,201 shares of the medical technology company's stock worth $175,000 after purchasing an additional 204 shares in the last quarter.

Shares of Hill-Rom Holdings Inc (NYSE HRC) traded up $0.55 during trading on Tuesday, reaching $76.73. The firm owned 6,297 shares of the medical technology company's stock after selling 300 shares during the period. Hill-Rom Holdings Inc has a 12-month low of $52.58 and a 12-month high of $84.65. The company's revenue was up 23.0% compared to the same quarter past year. The firm had revenue of $706 million for the quarter, compared to the consensus estimate of $701.39 million. Hill-Rom Holdings had a net margin of 4.87% and a return on equity of 20.27%. (NYSE:HRC) by 4.5% during the third quarter, Holdings Channel reports. Citigroup Inc. increased its position in Hill-Rom Holdings by 21.1% during the 2nd quarter.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 16th were paid a $0.17 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, December 14th. Hill-Rom Holdings's payout ratio is presently 36.76%. Also, SVP Andreas G. Frank sold 6,870 shares of the business's stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $77.48, for a total value of $532,287.60. Hedge funds and other institutional investors own 82.09% of the company's stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

In other news, SVP Andreas G. Frank sold 3,940 shares of Hill-Rom Holdings stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $77.84, for a total transaction of $306,689.60. The disclosure for this sale can be found here.

A number of analysts recently commented on HRC shares. July 30 investment analysts at Stifel Nicolaus left the company rating at "Buy" projecting a price of $84.00.

Equity analyst Needham & Company LLC lowered the price target of the stock on November 6 changing the forecast from $93.00 to $90.00 and issued a "Buy" recommendation. Cantor Fitzgerald set a $86.00 price target on Hill-Rom Holdings and gave the stock a "hold" rating in a research note on Friday, July 28th. November 5 investment analysts at KeyCorp kept the company rating at "Buy" with a current price target of $89.00. Hill-Rom Holdings now has an average rating of "Buy" and a consensus target price of $88.57.

TRADEMARK VIOLATION WARNING: "Trust Investment Advisors Buys Shares of 6,800 Hill-Rom Holdings Inc (HRC)" was originally posted by Week Herald and is owned by of Week Herald. If you are accessing this news story on another website, it was stolen and republished in violation of USA and worldwide trademark & copyright legislation.

Short traders are feeling a little more bullish on Hill-Rom Holdings Inc of late if you pay attention to the fall in short interest. Its segments include North America, Surgical and Respiratory Care, International and Welch Allyn.

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