Copper Rock Capital Partners LLC Reduces Stake in Hill-Rom Holdings, Inc. (HRC)

Millennium Management LLC raised its stake in Hill-Rom by 32.3% in the 2nd quarter. Millennium Management LLC now owns 583,635 shares of the …

Hill-Rom logoCopper Rock Capital Partners LLC lowered its stake in shares of Hill-Rom Holdings, Inc. (NYSE:HRC) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 316,051 shares of the medical technology company’s stock after selling 9,999 shares during the period. Hill-Rom accounts for 2.2% of Copper Rock Capital Partners LLC’s holdings, making the stock its 2nd biggest position. Copper Rock Capital Partners LLC owned about 0.47% of Hill-Rom worth $27,398,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Oakbrook Investments LLC raised its stake in Hill-Rom by 34.5% in the 3rd quarter. Oakbrook Investments LLC now owns 8,967 shares of the medical technology company’s stock valued at $846,000 after acquiring an additional 2,300 shares during the period. Marshall Wace LLP bought a new stake in Hill-Rom in the 2nd quarter valued at $10,392,000. Vanguard Group Inc raised its stake in Hill-Rom by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 5,916,827 shares of the medical technology company’s stock valued at $558,549,000 after acquiring an additional 34,369 shares during the period. Millennium Management LLC raised its stake in Hill-Rom by 32.3% in the 2nd quarter. Millennium Management LLC now owns 583,635 shares of the medical technology company’s stock valued at $50,975,000 after acquiring an additional 142,654 shares during the period. Finally, LSV Asset Management bought a new stake in Hill-Rom in the 3rd quarter valued at $715,000. Institutional investors own 82.55% of the company’s stock.

A number of research analysts have commented on the company. ValuEngine lowered Hill-Rom from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. Morgan Stanley upped their price objective on Hill-Rom from $95.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, October 11th. Barclays assumed coverage on Hill-Rom in a report on Monday, October 15th. They issued an “equal weight” rating and a $95.00 price objective on the stock. Raymond James upped their price objective on Hill-Rom from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Monday, November 5th. Finally, Zacks Investment Research reaffirmed a “buy” rating and issued a $106.00 price objective on shares of Hill-Rom in a report on Tuesday, November 13th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $102.67.

In other news, SVP Andreas G. Frank sold 7,454 shares of the stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $95.76, for a total transaction of $713,795.04. Following the sale, the senior vice president now directly owns 27,224 shares of the company’s stock, valued at approximately $2,606,970.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Shares of HRC traded up $1.40 during trading hours on Wednesday, hitting $91.98. 14,075 shares of the company were exchanged, compared to its average volume of 729,940. The firm has a market cap of $5.91 billion, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 1.22 and a beta of 0.96. Hill-Rom Holdings, Inc. has a fifty-two week low of $78.16 and a fifty-two week high of $99.81. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.30 and a current ratio of 1.74.

Hill-Rom (NYSE:HRC) last released its earnings results on Friday, November 2nd. The medical technology company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.12. The company had revenue of $759.20 million for the quarter, compared to analyst estimates of $750.90 million. Hill-Rom had a return on equity of 21.10% and a net margin of 8.86%. Hill-Rom’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.32 EPS. On average, research analysts predict that Hill-Rom Holdings, Inc. will post 5.13 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 31st. Stockholders of record on Friday, December 14th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Thursday, December 13th. Hill-Rom’s dividend payout ratio (DPR) is currently 16.84%.

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Hill-Rom Company Profile

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

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